Clues On Next Hike Welcomed By Investors.
This article is originally referred from FXPrimus News.
FXPrimus has summarized the important market indicators of the week!
THIS WEEK’S INDICATORS
This week started with market participants’ attention on the US Dollar and Janet Yellen’s speech at the G30 International Banking Seminar in Washington DC, that took place on Sunday.
Despite the Dollar strengthening, as Yellen signaled a rate hike by year end, low inflation and the effect of the four hurricanes that struck the US last month, took Dollar back to lower levels.
On Tuesday, the Office for National Statistics is scheduled to release Great Britain’s inflation data for September.
On Wednesday, investors can look for further clues surrounding the health of the US economy, where the US Housing Data are to be released; the construction activity has been hit over the past weeks due to the hurricanes.
Also on Wednesday, ECB’s Draghi is due to deliver opening remarks at the ECB conference; a speech many investors are eager to follow as they anticipate there may be some hints around the timing of ECB’s QE tapering.
Finally on Thursday, the National Bureau of Statistics of China will publish its 3rd Quarter GDP.
For most of Monday, volatility is expected to be marginally higher around the Chinese, Canadian, US and NZ data releases.
This week started with the release of China’s CPI and PPI data at 01:30 and will be followed by Canada’s Foreign Securities Purchases and BoC’s Business Outlook Survey at 12:30 and 14:30 respectively.
In addition, at 12:30, the US will release the Empire State Manufacturing Index. Near session end, at 21:45, NZ will publish its latest CPI figures.
A ‘noisy’ session with Aussie, UK, European and US data creating possible opportunities for investors.
On Tuesday at 12:30, the RBA will release its latest policy meeting minutes while Assist Gov Ellis will be speaking about Australian politics and policy at the same time in a conference.
The Office for National Statistics will release its latest inflation figures at 08:30, and at 10:15 Carney will testify before the Treasury Select Committee, in London.
At 09:00, the German ZEW Economic Sentiment will be published while at 10:00, EU will release its Final CPI numbers.
Minor US economic releases and a speech are expected to add some volatility at 12:30, 13:15 and 17:00 respectively.
Market participants may focus on Draghi’s remarks at the ECB Conference, and at US Housing data.
Volatility in the session will be created around Draghi’s speech at the ECB Conference in Frankfurt at 08:10, and during the release of the UK’s Average Earnings Index at 08:30.
At 12:00, FOMC members Dudley and Kaplan will speak at an event jointly hosted by the Federal Reserve Bank of Dallas and the Federal Reserve Bank of New York, while 30 minutes later, Census Bureau will publish the latest Building Permits and Housing Stats data.
The EIA Crude Oil Inventories will also be released at 14:30.
A busy session with highlights being the Chinese GDP release and Australia’s Employment report.
At 12;30 on Thursday, the Australian Bureau of Statistics will publish its latest Employment Change and Unemployment Rate data, while later in the session, at 02:00, the NBS in China will release its Q3 GDP figures; both of which are expected to be volatile events.
The Office for National Statistics in the UK will release the latest Retail Sales figures at 08:30.
In the afternoon, at 12:30, US is scheduled to release its Unemployment Claims report for the week ending October 13.
Investors may look at Canadian inflation and consumer spending figures for possible opportunities.
Friday’s early European session may become volatile around the release of the UK’s Public-Sector Net Borrowing at 08:30; this will be followed by Canada’s CPI and Core Retail Sales reports at 12:30.
The session will close at 22:00 before Yellen’s speech at the Herbert Stein Memorial Lecture.
Original Source: FXPrimus News