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Weekly Outlook: 2016, October 16 - October 23
Attachment 23795
Draghi’s speech, inflation data in the UK and the US, Employment data in the UK, the US and Australia, Rate decision in Canada and the Eurozone as well as manufacturing data from the US. These are the top events on forex calendar.
- Mario Draghi speaks: Monday, 17:35. ECB President Mario Draghi will give a talk in Frankfurt. Market volatility is expected.
- UK Inflation data: Tuesday, 8:30. UK inflation is expected to climb higher to 0.9% in September.
- US Inflation data: Tuesday, 12:30. Economists forecast a 0.3% rise in CPI and a 0.2% gain in core CPI in October.
- UK Employment data: Wednesday, 8:30. The number of unemployed is expected to grow by 3,400 in September.
- US Building permits: Wednesday, 12:30. The number of permits is expected to rise to 1.17 million units this time.
- Canadian rate decision: Wednesday, 14:00.
- US Crude Oil Inventories: Wednesday, 14:30.
- Australian employment data: Thursday, 0:30. The Australian employment market is expected to gain 15,200 jobs in September and the unemployment rate is forecasted to rise to 5.7%.
- Eurozone rate decision: Thursday, 11:45.
- US Philly Fed Manufacturing Index: Thursday, 12:30. Philadelphia region manufacturing index is expected to decline to 5.2 this time.
- US Unemployment Claims: Thursday, 12:30. The number of new claims is expected to reach 251,000 this week.
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1 Attachment(s)
EUR/USD Weekly Outlook: 2016, October 16 - October 23
Attachment 23794
EUR/USD was on the back foot as the US dollar dominated across the board. Can it continue falling?. The upcoming week’s highlight is undoubtedly the ECB meeting. Here is an outlook for the highlights of this week.
- CPI (final): Monday, 9:00. The numbers are expected to be confirmed now.
- German PPI: Thursday, 6:00.
- Current Account: Thursday, 8:00.
- EU Economic Summit: Thursday and Friday. Leaders of the European Union convene for a two day summit to discuss economic matters.
- Rate decision: Thursday, rate decision at 11:45, press conference at 12:30.
- Consumer Confidence: Friday, 14:00.
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