*Monday 24th October*

08:00 GMT, Eurozone: Markit Manufacturing PMI & Markit service-sector PMI, for October: Such an increase in the PMIs could diminish the likelihood that the ECB adopts any new measures, and thereby reverse some of the euro’s recent losses.

*Tuesday 25th October*

08:00 GMT, Germany: Ifo expectations index, for October: As the current conditions index is forecast to rise, this could also be good news for the ECB and may prove EUR-positive.

*Wednesday 26th October*

00:30 GMT, Australia: CPI, for Q3: Even though a marginal rise in the headline CPI rate may support the AUD somewhat on the news, this points to a soft report overall, as the trimmed mean rate is forecast to stay unchanged.

*Thursday 27th October*

07:30 GMT, Sweden: Riksbank rate decision: We expect the Riksbank to remain on hold, but to maintain a very dovish bias. Given that there may be some expectations for further easing, a decision to stand pat may support SEK.

– 08:00 GMT, Norway: Norges Bank rate decision: The Bank is likely to stand pat. We expect the officials to sound more or less optimistic and as such, NOK could gain.

– 08:30 GMT, UK: GDP, for Q3 1st estimate: Such a slowdown could bring GBP under renewed selling interest.

– 12:30 GMT, US: Durable goods orders & Durable goods orders (ex. transportation): Rising durable goods could raise the likelihood for the Fed to hike in December, and may thereby add further fuel to the USD rally.

– 23:30 GMT, Japan: CPI, for September: We expect the CPI rate to remain more or less unchanged, with risks skewed to the downside. Nonetheless, we don’t expect this to trigger a policy response from the BoJ in November.

*Friday 28th October*

– 12:00 GMT, Germany: CPI EU harmonized, for October: An acceleration in the German CPI could raise the likelihood that Eurozone’s print follows suit, and may thereby support the euro.

– 12:30 GMT, US: GDP, for Q3 1st estimate: We see the risks surrounding the forecast as skewed to the downside, perhaps for a smaller-than-expected acceleration.

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