October 31, 2018

Market Trend - Important Economic Events and News of the day

Stock Market Data - A city worker Analysing stock market data on a monitor.

Today’s key economic events – Wednesday 31 October.

These are the releases that often drive significant movements for currencies, indices, commodities and more.

Stay up to date with the events that move the trading needle.

All times are GMT+2.
Time Symbol Name Prediction Last result
11:00 EUR (€) Unemployment (Sep) 9.9% 9.7%

The Unemployment Rate released by the National Institute of Statistics is the number of unemployed workers divided by the total civilian labor force.

It is a leading indicator for the Italian economy.

If the rate is up, it indicates a lack of expansion within the Italian labor market.

As a result, a rise leads to weakening in the economy.

Normally, a decrease in the figure is seen as positive (or bullish) for the Euro, while an increase is seen as negative (or bearish).

Time Symbol Name Prediction Last result
12:00 EUR (€) Consumer Price Index – Core (YoY) (Oct) Preliminar 1.0% 0.9%

The core Consumer Price Index released by Eurostat is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services excluding the volatile components like food, energy, alcohol and tobacco.

The core CPI is a key indicator to measure inflation and changes in purchasing trends.

Generally, a high reading is seen as positive or bullish for the EUR, while a low reading is seen as negative.

Time Symbol Name Prediction Last result
12:00 EUR (€) Consumer Price Index (YoY) (Oct) Preliminar 2.2% 2.1%

The Euro Zone CPI released by the Eurostat captures the changes in the price of goods and services.

The CPI is a significant way to measure changes in purchasing trends and inflation in the Euro Zone.

Generally, a high reading anticipates a hawkish attitude which will be positive (or bullish) for the EUR, while a low reading is seen as negative (or bearish).

Time Symbol Name Prediction Last result
19:15 CHF (Fr) SNB Chairman Jordan Speech

As head of the Swiss National Bank, Thomas J. Jordan remarks can lead to significantly alter the value of the nation’s currency.

The market is always on the lookout for details on the next set of tools the central bank may deploy.

This speech is often used by traders as an opportunity to extract clues.

Time Symbol Name Prediction Last result
22:15 CAD ($) BoC Governor Poloz Speech

As head of the central bank, which controls short term interest rates, Stephen S. Poloz has more influence over the nation’s currency value than any other person.

Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy

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