Schedule of important “Economic News and Events” of the week

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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, the attention of financial market participants was focused on the report on the US labor market. In September, the number of people employed in the non-agricultural sector of the country decreased by 33,000. This is due to the aftermath of hurricanes Harvey and Irma. At the same time, the average hourly wage rose by 0.5%, which is higher than the market expectations of 0.3%. The unemployment rate fell by 0.2% to 4.2%. The dollar index (#DX) closed the trading week in the positive zone (+0.78%).

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

Monday, October 9th

On Monday, the news background will be fairly calm. In the Asian trading session, the data on business activity in the services sector of China from Caixin will appear at 04:45 (GMT+3:00).

At 09:00 (GMT+3:00) we expect statistics on the volume of industrial production in Germany.

The financial markets of Canada and Japan will be closed due to the holiday.

Tuesday, October 10th

On Tuesday, the attention will be focused on economic reports from the UK. At 11:30 (GMT+3:00) the data on the volume of industrial production and the trade balance of the country will be released.

At 17:00 (GMT+3:00) the FOMC member Kashkari will give a speech.

Wednesday, October 11th

On Wednesday, investors’ attention will be focused on the publication of the FOMC protocols. This report may indicate the time of the next interest rate increase. At the moment, the probability of tightening the Fed’s monetary policy in December this year is at the level of 91.7%.

At 17:00 (GMT+3:00) the data on the number of open jobs in the JOLTS labor market will appear.

Thursday, October 12th

On Thursday, we recommend you to pay attention to the following economic reports:

The volume of industrial production of the Eurozone at 12:00 (GMT+3:00);
The producer price index in the US at 15:30 (GMT+3:00);
Crude Oil Inventories in the US at 18:00 (GMT+3:00). This statistics can have an impact on the dynamics of the commodity currencies.

At 17:30 (GMT+3:00) the ECB head Draghi will give a speech.