This week’s Schedule of Economic News & Events and Expectations

October 16, 2017

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This week’s Schedule of Economic News & Events and Expectations

This article is originally referred from JustForex News

Today, JustForex’s team of financial analysts has prepared a new review of events in the upcoming week. These events can significantly affect the Forex market. Choose and track the ones that are most important to you.

On Friday, October 13, the US published mixed economic reports. The currency majors showed a variety of trends. In September, the base consumer price index increased by 0.1%, which is less than the forecasted value of 0.2%. At the same time, the base retail sales index grew by 1.0%. Experts expected the figure of 0.3%. At the moment, the probability of tightening the Fed’s monetary policy in December 2017 is still remaining at a fairly high level of 81.7%.

In the upcoming trading week, we recommend you to pay attention to the following macroeconomic events and reports.

October 16th, Monday

On Monday, the news background will be fairly calm. In the Asian trading session, the report on inflation in China will be published at 04:30 (GMT+3:00).
At 12:00 (GMT+3:00) the data on the trade balance of the Eurozone will appear.

October 17th, Tuesday

On Tuesday, we expect publication of important economic reports:

  • New Zealand consumer price index at 00:45 (GMT+3:00);
  • The minutes of the meeting on the monetary policy of the Reserve Bank of Australia at 03:30 (GMT+3:00);
  • The inflation report in the UK at 11:30 (GMT+3:00);
  • A number of indices of economic sentiments from ZEW in Germany and in the Eurozone at 12:00 (GMT+3:00);
  • The consumer price index in the Eurozone at 13:00 (GMT + 3: 00);
  • The export and import prices indices in the USA at 15:30 (GMT+3:00).

We advise you to pay attention to Carney’s, the head of the Bank of England, speech.

October 18th, Wednesday

On Wednesday, investors will follow the speech of the ECB President Mario Draghi. We also recommend you to pay attention to the following statistics:

  • The report on the UK labor market at 11:30 (GMT+3:00);
  • Statistics on the real estate market in the US at 15:30 (GMT+3:00);
  • Crude Oil Inventories in the US at 17:30 (GMT+3:00). This report may have an impact on the commodity currencies dynamics.
  • The Fed’s Beige Book at 21:00 (GMT+3:00).

October 19th, Thursday

On Thursday, the news background will be very eventful. In the Asian trading session, we expect important economic reports:

  • Statistics on the trade balance of Japan at 02:50 (GMT+3:00);
  • The report on the Australian labor market at 03:30 (GMT+3:00);
  • The data on China’s GDP (3rd quarter) at 05:00 (GMT+3:00).

At 11:30 (GMT+3:00) the National Statistical Office of Great Britain will publish a report on retail sales.

At 15:30 (GMT+3:00) we expect the index of production activity from the Federal Reserve Bank of Philadelphia.

October 20th, Friday

On Friday, the attention will be focused on inflation reports and retail sales in Canada at 15:30 (GMT+3:00).

At 17:00 (GMT+3:00) we expect statistics on sales in the secondary housing market of the United States.

Original Source: JustForex News

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