We have collated a summary of the most important upcoming economic indicators for the upcoming week, for your convenience. Review the latest Week In Focus in order to build your effective trading strategy, and to help you on your journey towards successful trading.

 

  • THIS WEEK'S INDICATORS

    US Tax Reform Vote and Banks in Focus Markets remained pretty much unchanged last week excluding the DOLLAR decline as risk-on appetite subdued following a widely anticipated rate hike. Read morePOUND ended somewhat bearish yet still a battle between bulls and bears mark another week of uncertainty. This week we may see some upward pressure as Brexit talks progress to stage 2.

    Along with Banks setting monetary policy, developments around the US Tax situation and other major reports this is set to be a very busy wek for the financial markets.

     

    USDJPY WEEKLY CHART

    MARKET MOVERS

    MONDAY
    Quiet start to the week, Euro zone inflation data good for future prospects. There are no major economic indicators scheduled in for Monday apart a moderate impact release of the EU Final CPI. Investors and traders may use the printed figure in order to decipher future conditions of ECB’s asset purchasing program.

    TUESDAY
    RBA minutes to shape 2018 rate outlook, investors emphasise on US building permits. With RBA monetary policy meeting minutes release at 00:30 traders may find good opportunities to capture some profits as the release will contain information regarding future policy headway. The economic calendar will offer opportunities on US related pairs too at 13:30 as the Building Permits are scheduled in.

    WEDNESDAY
    Carney due to speak anent financial stability, Kiwi GDP likely to confirm growth. On the political front BoE Gov Carney is due to speak about November’s Financial Stability Report at the Treasury Select Committee Hearing in London at 13:15 GT, while on the economic front US and NZ are going to deliver the EIA Oil Inventories and GDP figures at 15:30 and 21:45 respectively.

    THURSDAY
    Week’s highlight as major releases come from Japan, Canada and the US. Following a possible unchanged rate announcement amid a growing Japanese economy BoJ will hold its Press Conference at 06:30 GMT. Canada will release highly important Inflation and Consumer Spending data at 13:30 while the Bureau of Economic Analysis will be publishing the US latest GDP figures.

    FRIDAY
    Canadian prospects GDP-dependent, US PCE and Durable Goods main focal point. The closing of the week will be highlighted by the Canadian GDP figures at 13:30 as well as the scrutiny investors will put the US economy under by gauging the PCE deflator, also at the same time. With Core Durable Goods Orders due concurrently, US cross pairs are likely to offer many opportunities during the last day of the week.

  • THIS WEEK'S INDICATORS

    Banks, Brexit and the US Tax to Set the Stage for Next Year Both DOLLAR and EURO rose last Friday following the anticipated NFP report on an originally thought bad print on poor average hourly earnings, however, DOLLAR ended the week higher, whereas, EURO fell nearly 100 pips. Read moreThe unchnaged POUND is likely to experience some wild moves for another week as theEU Summit will decide on Brexit. Also, BoE is to announce their latest rate decision.

    Along with Banks setting monetary policy, developments around the US Tax situation and other major reports this is set to be a very busy wek for the financial markets.

    USDJPY DAILY CHART

    MARKET MOVERS

    MONDAY
    A quiet session on the economic front, ranging markets may be expected. There are no major economic indicators scheduled in for Monday. Investors and traders may trade currency pairs purely under technical grounds.

    TUESDAY
    UK CPI and US PPI likely to produce volatility, Draghi and Lowe due to speak. Investors may find opportunities at 09:30 and 13:30 respectively as the UK CPI and the US PPI reports are due for delivery. In addition, opportunities may be found around the release of the German ZEW Economic Sentiment at 10:00, and the speeches of Draghi and Lowe at 19:00 and 22:15 respectively.

    WEDNESDAY
    US Inflation, US monetary and UK employment data in focus; highly volatile session. The Office for National Statistics will release the last UK Employment data at 09:30 on Wednesday. Later on, at 13:30, the Bureau of Labor and Statistics is scheduled to release Core Inflation data. EIA will release its weekly Stocks figures, and at 19:00, Fed will announce its last Interest Rate decision for the year.

    THURSDAY
    Emphasis on EU and UK Rates, Aussie Employment and US and UK Retail Sales focal point. Following a highly volatile Wednesday, Thursday is going to produce high volatility too as widely anticipated Rates from Switzerland, Europe and the UK are due for delivery at 08:30, 12:00 and 12:45 respectively; press conferences to follow. Earlier in the session, at 00:30, the Australian Bureau of Statistics will release its Employment data and at 02:00, the Chinese are expected to publish their monthly Industrial production report. In addition, at 09:30, UK is due to release its Retails Sales, while at 13:30 US will release the same report as well as its Unemployment Claims.

    FRIDAY
    Britain’s departure from EU likely to see some developments, calendar ‘weak’. The closing of the week is likely to include some political developments on the Brexit foreground as the EU Summit will begin either on Thursday or Friday. On the economic front, the US Industrial Production index will be the only event on the calendar worth looking.

  • THIS WEEK'S INDICATORS

    President Trump’s Tax Plan Approved by Senate DOLLAR earns ground this morning as Saturday’s Tax Plan vote passed by Senate with a 51-49 majority. Read moreAlthough this has marked a monumental step for the administration, bull investors maintained control of momentum to somewhere weak levels for what seems to be a temporary halt in anticipation of US inflation.

    With the US Jobs report coming up at the end of the week, Aussie’s GDP release, BoC’s Interest Rate decision and new developments around Brexit many opportunities are just around the corner.

     

    USDJPY 1-CHART

    MARKET MOVERS

    MONDAY
    A quiet session on the economic but not on the political front. No important market movers from economic indicators apart the release of GB Construction PMI at 09:30. Expectations are that currency pairs will move according to post-tax plan sentiment as well as the ongoing Brexit Negotiations amid a closely watched Eurogroup Meeting.

    TUESDAY
    A volatile session for the Commodity currencies and the USD. Investors may find opportunities early in the session as RBNZ’s Spenser is delivering a speech at 00:15. In addition, Australia is due to release major economic data as well as announce its latest Interest Rate just hours after the Chinese Caixin. At 09:30 GB is scheduled to release November’s Services PMI and Canada its trade Balance at 13:30. On the west, US is going to release the ISM Non-Manufacturing PMI at 15:00.

    WEDNESDAY
    Australian GDP and the latest Canadian Interest Rates in focus. The Australian Bureau of Statistics is due to release its Australia’s GDP figures early in the session. In the afternoon, ADP is scheduled to publish November’s NFP ahead of Friday’s BLS release. At 15:00, BoC is going to announce its last Interest Rate decision for the year, a rate that is likely to remain unchanged. The last major release for the day on the economic frond is EIA’s print of last week’s Oil Stocks.

    THURSDAY
    ECB President Draghi Speaks at the Bank for International Settlements. Although Thursday’s session is going to be weak in terms of volatility when looking at the economic events; Australian Trade Balance at 00:30, market participants may be able to find some good opportunities by deciphering Draghi’s remarks during the press conference held in Frankfurt. Speech starts at 16:00.

    FRIDAY
    NFP center of attention for market players after a post-pone for Thanksgiving. The day for fundamental traders starts with GB’s Manufacturing Production at 09:30, where chances for good trading opportunities may be favorable. At 13:30, BLS’s NFP release is due, a major economic event that is going to produce very high volatility and wild market fluctuations.

  • THIS WEEK'S INDICATORS

    DOLLAR Weakens more, EURO reaches 2 months high EURO strengthened against the US dollar and across the board during the Thanksgiving holiday reaching a 2 months high. Read moreEURUSD outlook has changed to bullish with most analysts reversing the bearish outlooks. During Thanksgiving, EURUSD rose over 100 pips in what should have been a quiet session where lack of USD liquidity managed to add to the USD weakness.

    EURUSD CHART

    MARKET MOVERS

    MONDAY
    Traders still coming back from Thanksgiving holiday’s in a long weekend. No important market movers today. Expectations are that currency pairs will move in a tight range.

    TUESDAY
    A volatile session with UK Governor Carney and Canada’s Poloz speaking. Investors may find opportunities from market volatility as two main central bankers will be speaking giving investors the opportunities to trade big market movements. While also investors will be awaiting an important Consumer Confidence release from the US which is expected to weaken.

    WEDNESDAY
    Market participants shift attention to the Kiwi. The central bank of New Zealand will be releasing its financial stability report while the Governer will also be commenting on the report. This can cause huge volatility in the market as it is expected that this report might have an impact on the future rate decisions of the RNZB. Also on Wednesday, trades eyes will be looking towards OPEC meetings where they will be discussing future OIL production plans.

    THURSDAY
    Europe CPI Flash y/y and US unemployment claims. Although the CPI flash in Europe is a year on year number yet, it is expected to cause a huge impact as more good news has been coming out of Europe.

    FRIDAY
    No NFP for 1st of December. NFP number will be released the week after, on December 8th due to Thanksgiving holidays the week earlier. However, the day is expected to be volatile with GBP news (Manufacturing), and Canada GDP, Unemployment, and Employment changes.

  • THIS WEEK'S INDICATORS

    DOLLAR, EURO WEAK ON TAX PACKAGE & FAILED GERMAN COALITION While a version of the US Tax Plan received approval, on the economic ftont, US inflation indicators printed firm figures for the month of October. Read moreDespite the robust economic data and the increasing confidence for a rate hike in December, demand for risk-off assets kept the Dollar low as the Senate’s Package still requires a full vote that is likely to take place next week. Euro started the weak on a bad footing as Angela Merkel failed to form a coalition while on the data front investors preapare for Key Bank Member Speeches and Meeting Minutes.

    DOLLAR INDEX 4-HOUR CHART

    MONDAY
    Investors concentrate on ECB’s Draghi double speech in Brussels. Today the economic calendar seems to be light-weighed around the globe with only volatility spikes coming about at 14:00 and 16:00 GMT on Draghis’ speeches before the European Parliament Economic and Monetary Affairs Committee. ECB President Draghi is due to speak about the economy and monetary policy as well as on the European Systemic Risk Board.

    TUESDAY
    A volatile session with Policy Meetings, Inflation Report Hearings and Speeches in focus. Investors may find opportunities early in the Asian session as RBA is to release its last Policy Meeting Minutes at 00:30. In addition, RBA’s Lowe will speak at 09:05 about recent developments in the Australian and global economy. At 10:00, several members will testify before the Parliament’s Treasure Committee around the UK Inflation Report Hearings. On the US front, Fed Chair Yellen will participate in a panel discussion, giving traders the opportunity to scrutinize her engagement (11:00 GMT).

    WEDNESDAY
    Market participants shift attention to ECB, FOMC, UK’s Annual Budget. The session becomes interesting at 08:00 GMT, where ECB will hold its monthly Non-Monetary Policy Meeting. At 12:30, the Office of Budget Responsibility in the UK will announce the Annual Forecast Statement, and an hour later, at 13:30, the US will deliver the latest figures for Core Durable Goods Orders and the Unemployment Claims report. Commodity trades may turn to the Oil Inventories release at 15:30. At 19:00, the record of the most recent FOMC Meeting will be published and this is likely to produce some price fluctuations. The session will close with the New Zealandian Retail Sales at 21:45.

    THURSDAY
    A packed session in Europe while US and JP are closed for holiday. With European PMI reports starting being released from 08:00 GMT onwards till 09:00 GTM and UK’s 2nd GDP Estimate being published at 09:30, Thursday is expected to start on a strong volatility. At 12:30, the ECB Monetary Policy Accounts report may provide some opportunities, and this is likely to be the case at 13:30 too, when Canada is going to release deliver its Core retails Sales figures.

    FRIDAY
    A quiet session on the economic front as the day lacks economic indicators. Friday’s session is likely to be quiet as there are no major economic events scheduled for release. At 09:00 GMT, the Ifo Institute for Economic Research will publish its latest Survey on businesses, a leading indicator of economic health and future economic activity.

  • THIS WEEK'S INDICATORS

    DOLLAR MIXED, EMPHASIS ON RBA, RBNZ With ‘noise’ created around the Tax Reform plan Dollar ended the week mixed as investors expectations failed to be met. Read moreWhile US fiscal policy is a major sentiment variable for this coming week, market participants will most likely focus on the Central Bank Communications Conference hosted by ECB on Tuesday. In addition, inflation and jobs reports scheduled for release may create some key opportunities.

    DOLLAR-YEN DAILY CHART

    MONDAY
    Little movement is expected due to lack of macroeconomic events. Today US FOMC member Harker is due to speak about balance-sheet normalization at 12:10 GMT. Later in the day, at 17:45, BoJ’s Kuroda is also due to speak, but his speech will be about monetary policy. Canadian banks are closed today in observance of Remembrance Day.

    TUESDAY
    ECB’s Conference and inflation data from UK and US in focus. Investors could uncover opportunities around the release of UK’s CPI figures at 09:30 GMT. Attention will shift to ECB’s Conference at 10:00, where Draghi, Carney, Kuroda and Yellen are expected to speak. US will also print its latest PPI figures at 13:30, while later, 11:50, Japan will publish its quarter on quarter GDP.

    WEDNESDAY
    Volatility expected around the release of UK Jobs data, and US CPI and Retail Sales figures. The session is expected to offer opportunities around the release of UK’s Average Earning Index at 09:30 GMT. At 13:30, BLS will publish October’s CPI while at the same time CB will release October’s Retail Sales. Later in the session, at 15:30, EIA is scheduled to release the weekly Inventories report.

    THURSDAY
    A packed session with emphasis on Inflation, Jobs and Consumer data. With the Aussie Jobs report being released at 00:30, volatility is likely to offer opportunities early in the session. At 10:00, market participants may prepare for EU’s CPI print. In US, the weekly Unemployment Claims report will be released at 13:30 along with the Philly Index, while FOMC’s Kaplan and Brainard are due to speak at 17:00 and 20:45 GMT, respectively. At 14:00 GTM, BoE Gov Carney will speak about economics and how the financial world affects your life.

    FRIDAY
    A relatively volatile close for the week on Draghi’ speech, Inflation and Construction reports. Friday’s session is likely to kick-off offering opportunities to investors as Draghi is expected to deliver a speech titled "Europe into a New Era – How to Seize the Opportunities" at 08:30 GMT. Statistics Canada will release October’s CPI figures, and US, its monthly Building Permits, both at 13:30.

  • THIS WEEK'S INDICATORS

    DOLLAR MIXED, EMPHASIS ON RBA, RBNZ With BoJ and Fed holding rates unchnaged, BoE rising after a long-waited period of ten years and US Unemployment Rate falling to a 17-Year low, it certainy was a busy week full of opportunities. Read moreAs we keep sighting economic growth across the globe, market participants shift their focus to the week ahead, where economic data from China, US, UK, Australia and New Zealand are likely to provide good opportunities.

    DOLLAR INDEX DAILY CHART

    MONDAY
    A modest start to the week with the Eurogroup meeting and US speeches in focus. Today, Eurogroup will initiate the first part of the Eurogroup meeting were banking, investment in human capital and views on the future fiscal governance in EU are going to be discussed. In addition, FOMC members Yellen and Dudley will speak at 13:00 and 17:10 respectively, an opportunity for both to react to Powell’s nomination. On other events, Canada will release its latest PMI report at 15:00.

    TUESDAY
    Wild fluctuations expected around RBA’s Rate decision, Bank members’ speeches. On Tuesday at 03:30, RBA is going to announce its latest rate decision and is likely to maintain the same rates despite the recent dovish comments made. At 09:00, President Draghi will speak at the ECB forum, at 17:55, Polloz will speak about inflation and at 19:30, Yellen will deliver remarks at the presentation of the Paul H. Douglas Award.

    WEDNESDAY
    Investors shift focus to RBNZ Official Cash Rate, Chinese Trade figures. The session is expected to offer opportunities around the release of China’s Trade figures at 02:00 and also around RBNZ Rate statement at 20:00 – RBNZ is expected to keep rates unchanged. In between, at 08:00, ECB will hold its Non-Monetary policy meeting and at 13:15, Canada will release October’s Housing Starts figures. In addition, EIA will report on its weekly Crude Inventories at 15:30.

    THURSDAY
    Volatility to be produced around US Jobless report, SNB’s Jordan speech. With Chinese inflation data at 01:30, volatility is likely to offer opportunities early in the session. At 10:00, market participants may prepare for the EU Economic forecast report. In US, the Department of Labor will release the weekly Unemployment Claims report at 13:30. Back in Europe, at 16:30, SNB Chairman Jordan will speak at the Center for Financial Studies in Frankfurt.

    FRIDAY
    A relatively volatile closing for the week owed to Aussie, UK and US data. Friday’s session is likely to kick-off offering opportunities to investors as RBA’s Monetary Policy Statement is due at 00:30. At 09:30, the Office of National Statistics in the UK will produce its latest Manufacturing data. In US, despite banks will be closed in observance of Veterans Day, the US Preliminary Consumer Confidence release at 15:00 will be watched by market players.

  • THIS WEEK'S INDICATORS

    INVESTORS EYE FED DECISION, PAYROLLS REPORT Following a busy week on Bank decisions and economic events with Dollar Index surging to a nearly 2 ½ month highs another volatile week is coming in, as the charts already indicate, with Bitcoin reaching an all time high at $6200. Read moreFed’s rate decision is scheduled for Wednesday and despite analysts expect no change in the rate investors are looking forward to the event as the post-meeting statement will provide clues on December’s decision. On Friday, September’s NFP report is to be released too. Following a positive GDP release and the effect of hurricanes on data collection last month it will be interesting to see what revisions are going to be made. BoE and BoJ are also to announce their rate decision on Thursday and Tuesday respectively, while on Tuesday Eurozone is to release the latest inflation figures.

    DOLLAR INDEX DAILY CHART

    MONDAY
    A relatively quiet session compared to the rest of the week with a few economic events globally. This Monday a number of economic events are to occur however not as major. Since Germany released its latest Retail Sales at 07:00 already next up is the UK’s report on Net Lending at 09:30. At 10:00, Europe is scheduled to release its Consumer and Industrial Confidence and hours later, at 12:30, US is expected to publish the Core PCE and Personal Spending reports.

    TUESDAY
    A volatile session is expected with BoJ and Eurozone in the spotlight. On Tuesday at 03:00 the Bank of Japan is going to announce its latest rate decision while at 03:50 and 06:30, respectively, the Policy Statement and Press Conference are due too. In Europe, Eurostat is scheduled to publish the latest CPI and GDP figures. Canada will also publish its GDP figures at 12:30 and this will be followed by Poloz Speech at 19:30.

    WEDNESDAY
    Investors are going to focus on Fed’s decision and Policy Statement. The session is expected to offer opportunities around the release of UK’s Manufacturing PMI at 09:30 and then during US’s ISM Manufacturing PMI report at 14:00. Fed’s interest rate decision is taking place at 18:00 while at the same time the Monetary Policy Statement is also scheduled. Market participants look forward for Fed Chair to provide clues on the possibility of another rate hike by year end.

    THURSDAY
    Wild fluctuations expected during BoE’s interest rate decision and bank votes. The session starts with Australia’s Trade Balance report at 00:30 and Building Permits at 01:30. At 09:00 Germany is scheduled to release its latest Unemployment data. The day’s highlight is BoE’s Interest Rate Decision and Votes on interest rates while at the same time the Inflation report is also due. Governor Carney is to speak thirty minutes later, at 12:30 while the US Jobless Claims will be released concurrently.

    FRIDAY
    A highly volatile close for the first week in November as US releases its latest Payroll numbers. Friday’s session is expected to be volatile for the US Dollar and related pairs around the release of September’s NFP and Unemployment Rate figures at 12:30. Opportunities for traders are to be produced during the release as well as at 14:00 as the ISM Non-Manufacturing PMI is scheduled for release.

  • THIS WEEK'S INDICATORS

    EMPHASIS ON EU MONETARY POLICY & DRAGHI. This week started with a market gap as elections in Japan found Shinzo Abe winning a super majority with 312 seats in the lower house parliament. Yen declined across the board on concerns over fiscal stimulus and monetary policy easing. Read moreOther than that, a quiet session is expected today with some minor reports from Eurozone and Canada. For the rest of the week, ECB as well as BoC are scheduled to announce their latest interest rate decision on Thursday and Wednesday respectively. On Wednesday, the Office for Nationals Statistics is also going to report Q3 GDP figures while the same report is due on Friday for the US. On Thursday Japan is going to publish its inflation numbers for the month of October.

    USDJPY 1-HOUR CHART

    MONDAY
    A ‘soft’ session on the economic calendar today, volatility produced as a result of the Japanese election? This week kicked off with Yen declining across the board as Abe’s win on Sunday night hinted that a period of monetary easing could be in play. Markets moved in anticipation of the results producing some volatility early in the opening, however, the economic calendar is relatively ‘soft’ with only notable event being Canada’s release of Wholesale Sales figures at 12:30.

    TUESDAY
    A ‘heavy’ session for the Eurozone as PMI reports are scheduled for release. On Tuesday Eurozone is due to release a number of its Manufacturing and Services PMI reports from 07:00 to 08:00. The German Services and Manufacturing reports at 07:30 are normally more relevant to Euro fluctuations, however, the impact may be limited in anticipation of Draghi’s speech on Thursday.

    WEDNESDAY
    A highly volatile session with UK GDP and BoC interest rate decision in focus. The session is expected to be volatile around the release of Australia’s CPI data at 00:30. At 08:00 the German Ifo survey is due and likely to produce some fluctuations on Euro related pairs. Minutes later, at 08:30, UK is to release its Q3 economic growth figures, while at 12:30, US is going to publish its Core Durable Goods orders data. Volatility is expected to be high also around the announcement of BoC’s interest rate at 14:00, and during the press conference at 15:15. At 14:00, US Home Sales are also expected. EIA is to produce its latest inventory report and hence volatility on the commodity could be assumed around 14:30 too.

    THURSDAY
    Wild fluctuations expected in anticipation of a possible Draghi announcement around asset purchases. Despite at 07:00 and 08:00 the Eurozone is due to release the Spanish Unemployment Rate and Money Supply respectively, investors may stay quite as ECB’s Draghi is expected to make a statement at 12:30, 45 minutes after the interest rate decision is announced. Market experts recon ECB President is going to announce when trimming of ECB’s monthly asset purchases program will start. At 12:30, US is scheduled to release its weekly Unemployment Claims reports too.

    FRIDAY
    Investors may look at the US 3rd Quarter GDP figures for possible trading opportunities. Friday’s session is expected to be volatile for the US Dollar around the release of the 3rd quarter GDP figures. The session is expected to be volatile also at 14:00, as the Revised UoM Inflation Expectations are due, however, the effect of this release could be limited compared to the GDP.

  • THIS WEEK'S INDICATORS

    CLUES ON NEXT HIKE EXPECTED WELCOMED BY INVESTORS This week started with market participants paying attention on the US Dollar and Fed Chair Janet Yellen’s speech at the Group of 30 International Banking Seminar, in Washington DC, on Sunday. Despite the Dollar strengthened as Yellen signalled a rate hike by year end, low inlfation and the effect of the four hurricanes that struck US last month took Dollar back to lower levels. Read moreWhile the US economic activity grows slowly, investors can look for further clues surrounding the health of the US economy on Wednesday, where the US Housing Data are to be released; the construction activity has been hit over the past weeks due to the hurricanes. On other important economic events this week, the National Bureau of Statistics of China is planned to publish its 3rd Quarter GDP on Thursday, while on Tuesday, the Office for National Statistics is scheduled to release Great Britain’s inflation data for September. Lastly, ECB’s Draghi is due to deliver opening remarks at the ECB conference on Wednesday, a speech many investors are eager to follow as they anticipate there may be some hints around the timing of ECB’s QE tapering.

    USDJPY 1-HOUR CHART

    MONDAY
    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.

    TUESDAY
    A ‘noisy’ session with Aussie, UK, European and US data creating possible opportunities for investors. On Tuesday at 12:30 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. In between the two, 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.

    WEDNESDAY
    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 Draghis’s speech at the ECB Conference in Frankfurt, at 08:10, and followed by with 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.

    THURSDAY
    A busy session with highlights being the Chinese GDP release and Australia’s Employment report. On Thursday at 12:30 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 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.

    FRIDAY
    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 from 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.

  • THIS WEEK'S INDICATORS

    EMPHASIS ON FOMC MINUTES, RETAIL SALES The FOMC meeting minutes of the latest policy meeting will be the highlight of this coming week. Attention will remain on the Dollar as US inflation data are to be released on Friday along with some consumer spending data. Read moreOn other important events, ECB Draghi is expected to create some opportunties on Wednesday due to his participation in a panel discussion, the Office of National Statistics is to release the latest UK Manufacturing Production while Pound is under pressure, and finally, the Chinese trade Balance figures are due on Friday, another economic event to be closely watched. On other events, due to the latest North Korea threat for another missile test, is likely to keep investors appetitie to risk off.

    GOLD 4-HOUR CHART

    MONDAY
    A quiet session with no major economic indicators or volatility opportunities as US, CA, JP markets will be shut. The week kicks off with a very slow pace as the US, Canadian and Japanese markets will be closed for Bank Holiday. Some minor economic indicators for Eurozone and the UK may add create some small fluctuation on the respected currencies. Other than that, we may see some post-NFP moves on the majors, as well as Gold, as risk appetite is back on after North Korea’s threat for another missile test.

    TUESDAY
    Focus on weak Pound and the Manufacturing Production report, US and CA speeches. On Tuesday at 12:30 NAB will release the Business Confidence report followed by Debelle’s speech at the Pan Asian Regulatory Summit at 03:20. Minor Eurozone report will follow ahead of the GB Manufacturing Production and Goods Trade Balance reports at 08:30. Canada will release its latest Building Permits figures at 12:30 while later in the day, at 18:00, Wilkins is expected to participate in a panel discussion titled "Systemic Risk and Macro-prudential Stress Testing". Before this, FOMC Kashkari is due to deliver opening remarks at the Regional Economic Conditions Conference.

    WEDNESDAY
    Eyes on FOMC September policy gathering minutes. Wednesday’s session will start with Kaplan’s speech about economic outlook at the Stanford Institute for Economic Policy Research right at midnight, and hours later, at 14:00, BLS will announce the number of the latest job openings. At 18:00, the Federal Reserve will publish the detailed record of the FOMC's most recent meeting, whereas the latest rate was kept unchanged. Volatility is expected to be high as insights into the conditions that influenced the board’s decision to keep the rates unchanged will be announced.

    THURSDAY
    A busy session with economic indicators all around, emphasis on Draghi’s speech. On Thursday at 08:30 BoE will release the quarterly Credit Conditions Survey while later in the session, at 12:30, Canada will report the change in the selling price of new homes. At the same time US will release inflation data with its latest PPI report while the Jobless Claims will be reported too. At 14:30, ECB Draghi is expected to create some fluctuations as he is due to participate in a panel discussion about monetary policy at the Peterson Institute for International Economics; Brainard and Powell will speak at the same event. Volatility will be high at 15:00 on the USOIL as the Crude Stocks will be released while later in the session, at 19:15 and 21:30, Wilkins will speak in a panel discussion and NZ will release the level of a diffusion index, respectively.

    FRIDAY
    Investors will look into US inflation and consumer spending data. The end of the second week of the month of October will begin with RBA Financial Stability review at 12:30 and the Chinese Trade Balance. Volatility will be high around the release of the CPI and Retail Sales reports at 12:30, and could extend at 14:00, where the UoM Inflation Sentiment will be published. At 14:25 and 15:30, FOMC members Evans and Kaplan will be expected to speak about the economy and monetary policy at the Wisconsin Summit on Financial Literacy and at the Chartered Financial Analyst Institute, in Boston, respectively.

  • THIS WEEK'S INDICATORS

    YELLEN TO POSSIBLY PROVIDE CLUES ON TIMING OF NEXT HIKE. Yellen’s speech at a community banking conference hosted by the Federal Reserve Bank of St. Louis will be the top event this coming Wednesday at 19:15, followed by Draghi’s remarks Read moreat the Inauguration of the ECB Visitor Center, in Frankfurt, hours later, and the US Unemployment report which is due to Friday at 12:30. On other reports, US will release its PMI reports on Monday, Tuesday and Wednesday at 08:30 respectively, and Australia will announce its latest rate decision on Tuesday at 03:30.

    DOLLAR INDEX 4-HOUR CHART

    MONDAY
    A relatively quiet session with volatility around EU, GB and US PMIs. This week kicks-offs with the Chinese markets being closed due to the Mid-Autumn Festival. Open markets in EU will deliver a number of PMI reports from 07:15 onwards while at 08:30 UK will release its own Manufacturing PMI. Later in the day, at 14:00, US will publish its ISM Manufacturing PMI, and FOMC Member Kaplan will speak at the El Paso branch of the Federal Reserve Bank of Dallas, at 18:00.

    TUESDAY
    Eyes on RBA Monetary Policy Meeting and Interest Rate decision. On Tuesday at 03:30, RBA will announce its latest Cash Rate decision and BoJ its Cope CPI at 05:00. At 07:00 EU will release the Spanish Unemployment Change while German markets will be closed in observance of German Unity Day. At 08:30, UK will release its Construction PMI, a figure of which is expected to change one point higher. On other important events, FOMC member Powell will speak about regulatory reform at a financial regulation event at 12:30.

    WEDNESDAY
    A very busy session with investors focusing on Draghi’s and Yellen’s speeches. A volatile session starting with marginal impact EU PMI reports from 07:15 onwards while UK will release its own Services PMI at 08:30. ADP will publish its own NFP report at 12:15 and later at 14:00, ISM its own Non-Manufacturing PMI. EIA will release the latest Crude Oil Inventories at 14:30. Market participants could take advantage of Draghi’s speech at the Inauguration of the ECB Visitor Center at 17:15 in addition to Yellen’s opening remarks at a community banking conference hosted by the Federal Reserve Bank.

    THURSDAY
    A noisy session with many releases and a number of speeches from key FOMC and MPC members. Thursday’s opening starts with the Australian Retail Sales and Trade Balance at 12:30 and will be followed by ECB’s Policy Meeting Accounts hours later at 11:30. Statistics Canada and US will release its own Trade Balance while at the same time, 12:30, US will publish its latest Unemployment figures. FOMC members Powell and Harker will speak about the Treasury Markets Practices Group best practices and at the Investing in America's Workforce Capstone Conference respectively, at 13:10 and 14:00. MPC members McCafferty will speak at The Founders’ Company Annual Lecture at 16:00 and Haldane about central bank engagement with society at the Economic Research Council, In London at 17:30.

    FRIDAY
    Investors will look forward to the monthly US Employment report. The end of the first week of the month of October will begin with Halifax PMI at 07:30 and Haldane’s speech about public trust in institutions at the Royal Society for the encouragement of Arts, Manufactures, and Commerce at 12:00. At 12:30 the Canadian and most importantly US Employment data will be released, the figures of which are expected to fall. FOMC members Dudley and Kaplan will make a speech at the Council for Economic Education and at the Investing in America’s workforce Capstone Conference at 16:15 and 16:45 respectively.

  • THIS WEEK'S INDICATORS

    The week coming is very important to investors as key Bank Members are expected to provide clues about monetary policy. Fed’s Yellen will speak at the National Association for Business Economics, and will deliver a speech with a title "Inflation, Uncertainty, and Monetary Policy" on Tuesday at 20:45. Read moreDraghi’s testimony on Monday at 13:00 is expected to create a lot of volatility in the markets, as well as Carney’s speech at the Bank of England's conference celebrating 20 years of independence on Thursday and Friday. Poloz will speak about the Canadian economy and monetary policy at 15:45 on Wednesday while BoJ Kuroda will speak today, Monday, at a meeting with business leaders in Osaka, where audience questions are expected.

    EURUSD 4-HOUR CHART

    MONDAY
    A number of speeches that are likely to add some volatility. This Monday kicks-offs with a session full of speeches from key members of central banks starting with BoJ’s Kuroda at 05:35 GMT. FOMC Dudley will speak about workforce development, President Draghi is expected to testify about the economy and monetary developments in Brussels at 13:00 GMT, and this will be followed by FOMC Evans speech on the same subject at The Economic Club of Grand Rapids Luncheon Meeting. RBA Bullock and FOMC Kashkari will also speak in Sydney and North Dakota respectively. Earlier in the session the German Ifo Institute for Economic Research will release its latest Ifo index figures.

    TUESDAY
    Eyes on US Consumer Spending release ad Yellen’s speech on inflation and policy. A less volatile session compared to Monday starting with ANZ Business Confidence at 00:00 GMT. At 14:00, CB will publish the latest Consumer Confidence data, while the figures of the New Home Sales will also be released at the same time. This will be followed by Brainard’s speech at the Board Conference thirty minutes later, and then again at 16:45 with Yellen’s speech titled "Inflation, Uncertainty, and Monetary Policy" at the National Association for Business Economics Annual Meeting.

    WEDNESDAY
    A busy session with NZ being in the spotlight with its Cash Rate announcement. A volatile starting with EU Money Supply at 08:00. CB will follow with the US Core Durable Goods Orders at 12:30 and with the Pending Home Sales at 14:00. EIA will release last week’s Crude Stocks thirty minutes later. In Canada, Poloz is expected to speak about the recent developments in the Canadian economy and implications for monetary policy at 15:45. Brainard will follow at 18:00 with the delivery of a speech titled "Labor Market Disparities and the Mission of the Federal Reserve", two hours before NZ Official Cash Rate release.

    THURSDAY
    Kuroda, Carney and US quarter on quarter GDP to add volatility. Investors could take advantage of Kuroda’s speech at the National Securities Industry Convention at 06:35 and Carney’s speech at 08:15 at the BoE’s independence conference as both are likely to create volatility. RBA’s Debelle will speak at 09:00, and FOMC Fischer at 14:15, at the same conference. At 12:30 the Bureau of Economic Analysis will release the quarterly US Final GDP, a report many investors are waiting, while at the same time the Jobless Claims are to be released too.

    FRIDAY
    A very session with highlights being Draghi’s and carney’s speeches and CA monthly GDP. Friday is expected to be highly volatile starting with the Chinese Manufacturing PMI at 01:45. At 08:30, the Office of National Statistics will release GB’s Current Account and Final GDP figure, and Eurostat the latest CPI Estimate thirty minutes later. Canada will follow with its own GDP release at 12:30 while the PCE figures will be also published at the same time. Later, at 14:00, the University of Michigan will release the monthly Consumer Sentiment. This will be followed by Draghi’s and carney’s speeches at BoE’s independence conference at 14:15 and 14:45 respectively.

  • THIS WEEK'S INDICATORS

    FOCUS ON POLITICS AND CENTRAL BANKS A bussy week with the FOMC being in the spotlight as investors have waited long for the anouncement on the Fed’s balance sheet. BoJ is also expected to announce the Interest Rate, however the scaleof this will be limited comared to FOMC. Read moreAustralia will provide a view on future prospects with the release of their Policy Meeting Minutes too while Eurozone data as well as Draghi’s speeches could shift Euro sentiment. Despite New Zealand will hold its 52nd Parliamentary Elections on Friday, the German elections on the 24th, Sunday, are likely to provide more clues on strong Euro and future European economy. NZ GDP will be eyed ahead of the elections.

    EURUSD 4-HOUR CHART

    MONDAY
    A quiet session with volatility expected to raise during Carney’s speech. This week will start with the Eurozone Final Inflation figures at 06:00 GMT while the Japanese markets remain closed due to a Bank Holiday. Canada will release the Foreign Securities Purchases at 12:30 and this will be followed by Lane’s speech at the Saskatoon Regional Economic Development Authority at 18:00. The highlight for the day will be BOE Gov Carney’s speech at the Central Banking Lecture hosted by the IMF; eyed from all investors due to upsurge on Sterling.

    TUESDAY
    Volatility is expected early starting with RBA’s minutes, followed by Eurozone, U.S. and Asian data. A busier day starting with a possible view on Australia’s future policy direction. In Germany, the ZEW economic index is expected at 09:00 GMT while Euro has been in a decline. The U.S. will announce Housing data at 12:30 GMT and near to the close of the session Japan will release their Trade Balance.

    WEDNESDAY
    FOMC will provide many opportunities while other releases in the EU, UK and U.S. data are expected. The most volatile session for the coming week will start early with RBA’s Ellis speech at the Australian Business Economists Lunchtime Briefing and the German PPI at 03:00 and 06:00 GMT, respectively. UK Retail Sales will follow up at 08:30 GMT and U.S. Existing Home Sales at 14:00. The session will continue with EIA’s Crude Inventories for the week ending 15 at 14:30 GMT and will be followed by FOMC’s Rate decision at 18:00 GMT. The session will close with NZ GDP.

    THURSDAY
    BoJ will announce their Policy Rate while other events are expected to add more volatility. Investors could look into opportunities during the Asian Session as BoJ will announce their Interest Rate, at 03:00 GMT. RBA Lowe will speak at the American Chamber of Commerce at 05:10 GMT and this will be followed by BoJ’s Press Conference at 06:30 GMT. Releases from U.K and Canada at 08:30 and 12:30 GMT, respectively, could provide more opportunities for market participants, while at the same time the U.S. Jobless Claims will add volatility to the markets. The session will continue with Draghi, who is due to deliver opening remarks at the European Systemic Risk Board annual conference at 13:30 GMT.

    FRIDAY
    A busy closing for the weekly session with Eurozone and Canadian data, Draghi, and NZ elections all in the spotlight. Friday is expected to be very volatile amid the New Zealandian 52nd Parliamentary Elections. The session will start with Euro Flash PMIs at 07:00 GMT and will be followed by Draghi’s speech at Trinity College, in Dublin at 08:00. Statistics Canada will release their CPI and Core Retail Sales at 12:30 GMT as well as other minor reports.

  • THIS WEEK'S INDICATORS

    DOLLAR SLIGHTLY HIGHER ON N.K. COOL-DOWN DESPITE DISSASTRUS IRMA. A bussy week with the U.S. hurricane crisis and N.K.’s Kim expected to create more fluctuations in the markets despite a full economic calendar. The highest volatility day this week to come will be Thursday. Read moreU.S. is expected to publish August’s inflation data on Thursday at 12:30 GMT while BoE will announce its latest rate decision little earlier, at 11.00 GMT. The Swiss National Bank is also scheduled to release its own rate decision the same morning, at 07:30 GMT. Thursday is also the day China Industrial Input figures will be published at 02:00 GMT, while reports on the Fixed Asset Investment and Retail Sales will come out at the same time. Another major economic event for this week to come, again on Thursday, is Australia’s Employmenr report.

    CRUDE OIL 4-CHART

    MONDAY
    A quiet session with more storms and volatility for the days ahead. This week Monday the only economic events on the calendar are minor starting with Japanese Machine Orders and followed by Canada’s Housing Stats. The upsurge of Gold and Euro has subsided on today’s footing as the North Korean crisis has slightly cooled off.

    TUESDAY
    NAB will release the latest business survey while the UK, August’s inflation data. A busier day starting with Australia’s NAB Business Confidence early in the session. The Office of National Statistics will publish August’s CPI figures at 08:30 GMT while at the same time Retail and Producer data will be released too. The session will carry on with U.S. JOLTS Job Openings at 14:00 GMT.

    WEDNESDAY
    UK will publish July Employment report while U.S. will release inflation data and the Crude Stocks. Another busy session starting with UK’s Average Earnings Index release report, Claimant Count Change and Unemployment Rate at 08:30 GMT. The session will continue with the U.S. Core PPI report and will be followed by the Crude Oil Inventories, at 12:30 and 14:30 GTM respectively.

    THURSDAY
    The most volatile session with rate decisions, inflation and employment data across the globe. Investors could look into opportunities in the market early in the session with Australia’s Employment report expected at 01:30 MT. China will publish its Industrial Production report and Fixed Asset Investment 30 minutes later. SNB will follow with its latest rate decision at 07:30 GMT while the UK will announce its own rate at 11:00 GMT. Later in the session, at 12:30 GMT, Canada will report the latest NHPI figures, US will release its latest Core CPI and Unemployment Claims report, and this will be followed by Weidmann’s speech at Goethe University, at 15:30 GMT.

    FRIDAY
    A busy closing for the weekly session with U.S. economy being on the spotlight. On Friday, the session will kick-off with MPC Vlieghe speech at the Society of Business Economists’ Annual Conference, in London, at 08:50 GMT. At 12:30 U.S. will publish its latest Core Retail Sales report while at the same time the NY Manufacturing Index will be out. The Federal Reserve will release its latest Capacity Utilisation Rate and Industrial Production at 13:15 GMT and this will be followed by University of Michigan Consumer Sentiment at 14:00.

  • THIS WEEK'S INDICATORS

    SAFE-HAVEN DEMAND INCREASES ON N.K BOMB TEST. ECB is going to publish its latest decision on interest rates on Thursday while Draghi will hold a conference after the announcement. Investors will focus on any clues provided by ECB’s president. In the U.S, the figures of August ISM Services PMI are goind to be released while speeches are expected to be delivered by a number of FOMC members. Read moreIn the U.K reports on Construction and Manufactruing are going to be released while Britihs Pound is being under pressure on weak data and uncertainty over Brexit. On Friday, the Chinese Trade Balance for the month if August could be a good opportunity for investors are volatility is expected to be high. Another events on the calendar not to be missed is BoC’s interest rate deciosn on Wednesday ad well and its latest Jobs report on Friday. Meanwhile, safe-haven demand is increaing amid N.K test of a hydrogen bomd. Tensions and escalations could be epxected.

    XAU/USD 4-CHART

    MONDAY
    A quiet session as UK banks are closed for the Summer Bank Holiday. The starting of this week will have U.K traders focus on the Construction PMI release at 08:30 GMT. The survey is expected to tick up t0 52.1 from a figure of 51.9 while BoE policymakers’ concerns raise amid surging inflation on a weak Pound. As North Korea test of a hydrogen bomb eventuated an escalation of the crisis could see safe-havens appreciate and the Dollar moving lower while U.S and Canada markets are closed.

    TUESDAY
    RBA will announce its rate while Markit the UK Services PMI. Day will be followed by multiple speeches. A busy Tuesday starting with the announcement of Australia’s Cash Rate at 04:30 GMT. The session will continue with the UK Services PMI and U.S Factory Orders at 08:30 and 14:00 respectively. Meanwhile, at 09:10 GMT RBA’s Lowe will speak at the Reserve Bank Board Dinner and FOMC Brainard will speak at the Economic Club of New York about the economic outlook and monetary policy at 12:00 GMT. FOMC Kashkari and Kaplan will also appear at the University of Minnesota and Dallas’s FRB to make their own speeches.

    WEDNESDAY
    A busy day with releases on GDP, Trade Balance, rates and manufacturing. Another busy session starting with Australia’s second quarter GDP and followed by the Canadian Trade Balance and Interest Rate decision at 14:00 GMT. U.S will also release its Trade Balance earlier at 12:30 GMT, and this will be followed by the ISM Manufacturing PMI also at 11:45 and 14:00 GMT respectively.

    THURSDAY
    A crucial day for Euro due to ECB’s monetary policy decision. Data from AU and US also expected. Market participants will take advantage of ECB’s policy announcement and Draghi’s speech later on at 12:30 GMT. Australia will release its latest Retail Sales and trade Balance figures and U.S will follow with its latest Jobless Claims and Crude Stocks while later FOMC Dudley will speak at New York University. The session will be followed by Japan’s final GDP figures at 23:00 GMT.

    FRIDAY
    Closing week with Canadas Employment report while earlier Chinese, Australian and U.K data are expected. The end of the week Friday will be volatile as Chinese Trade Balance will be released from CGAC. RBA Lowe will make a speech at the Bank of China Sydney Branch's 75th Anniversary Celebration Dinner while at the same time U.K will publish its latest Manufacturing Production figures at 08:30 GMT. Canada will publish August’s Jobs report at 12:30 GMT and this will be followed by FOMC Harker speech at a research conference.

  • THIS WEEK'S INDICATORS

    Euro Hits a 2 ½ Year High against Dollar. This coming week investors will focus on Friday’s jobs report as this will impact Fed’s view on policy while their attention will turn to the 2nd quarter GDP growth on Wednesday. Read moreMeanwhile in Europe, Eurostat will release its inflation figures on Thursday, followed by German, French, Italian and the Spanish own CPI reports. In addition, UK will publish its latest manufacturing data on Friday after China’s Caixin manufacturing PMI report.

    EURO-DOLLAR DAILY CHART

    MONDAY
    A quiet session as UK banks are closed for the Summer Bank Holiday. The starting of the week has no major economic events scheduled and could be quiet as the most liquid market - London -will be closed. Brokers will remain open and in the wake of the latest remarks of last Fri at the Jackson Hole Symposium, there is a possibility for some market volatility to support participants’ positions.

    TUESDAY
    Statistics Canada will release their RMPI report while CB will report on consumer confidence. On Tuesday volatility could be higher than Monday as market participants will be able to take advantage of the Raw Materials Price Index (RPMI) monthly data release at 12:30 GMT while later they could participate in the Conference Board’s report of Consumer Confidence at 14:00 GMT.

    WEDNESDAY
    A busy day all-around with releases from Australia, Europe, UK and U.S. On Wednesday volatility is expected to be high starting with Australia’s Building approvals and Construction work reports at 01:30 GMT. This will be followed by German and Spanish PMI reports and UK’s Net Private Lending from BoE, which will be relased at 08:30 GMT. The highlight for the day will be the U.S revised data on the 2nd quarter GDP released after the ADP Jobs report while EIA will also release it latest stocks numbers at 14:30 GMT.

    THURSDAY
    Another busy session as China, NZ, Australia, Euro-zone, Canada and U.S are expected to release important figures. Investors could take advantage of opportunities starting with the Asian session and the Chinese data on Manufacturing and Services sectors at 01:00 GMT. New Zealand’s Business Confidence will be released at the same time. In addition, at 01:30 GMT, Australia will release data on Private Capital Expenditure while hours later, from 06:00 onward, Euro is expected to be volatile as German Retail Sales, the French CPI, German and Italian Unemployment data and lastly Eurozone’s Core CPI reports will be released. Canada will follow with its own monthly GDP data at 12:30 GMT while at the same time U.S Jobless Claims will came out too along with the Core PCE and Personal Spending reports. The session will close with the Chicago PMU and Pending Home Sales at 13:45 and 14:00 GMT respectively.

    FRIDAY
    A busy round-up for the favorite NFP but also important releases from China and UK. The day all investors will be waiting for starts with the Chinese manufacturing PMI early in the Asian Session at 01:45 GMT while later at 08:30 GMT UK will publish data on its latest Manufacturing PMI. At 12:30 GMT market participants could take advantage of the long-waited Jobs report and later, at 13:45, the ISM Manufacturing PMI release and the Revised UoM Consumer Sentiment reads.

  • THIS WEEK'S INDICATORS

    The focus of this week will be the 3-day Jackson Hole summit starting on Thursday as FOMC and ECB members Yellen and Draghi are to speak and provide markets with potantial policy signals. Read moreDollar and Euro are to be watched closely as releases on housing data and Euro zone PMIs are epxected to provide some good opporunities. On other currencies, U.K will report its Q2 GDP second estimate while worries over a slowing economy rise, and Japan will release its monthly Core CPI after BoJ extended its inflation target period last month. Euro and Dollar are to be closely watched as EUR/USD investors are waiting for clues to decide whether a push towards the 21 or 15 is most probable.

    EURO-DOLLAR DAILY CHART

    MONDAY
    A rather quiet session with Canada releasing data on Wholesale Sales. Statistics Canada will announce the latest numbers on the change in the total value of sales at the wholesale level at 12:30 GMT today. Analysts expect a 0.6% figure, a number 0.3% lower than the previous reading of 0.9%. A number better than expected will be good for Loonie, hence, opportunities could be generated on the Dollar-Cad pair.

    TUESDAY
    A busier session with UK’s public-sector borrowing, German ZEW and Canada’s Retail Sales. On Tuesday volatility could be higher than Monday as market participants will eye UK’s Public-Sector Net Borrowing at 08:30 GMT, followed by the German ZEW Economic Sentiment release at 09:00. The session will continue with Canada’s Core Retail Sales at 12:30 GMT, where a 0.3% figure is expected.

    WEDNESDAY
    Draghi’s to deliver a speech at Germany while Euro zone PMI reports will be released. On Wednesday’s session volatility is expected to be high on Euro related pairs as ECB Draghi is to deliver opening remarks at the 6th Lindau Meeting on Economic Sciences, in Germany at 07:00 GMT. The Euro zone will release data on Manufacturing and Service sector activity while later, at 13:05 GMT, FOMC Kaplan will speak at the Permian Basin Petroleum Association Membership Luncheon, in Midland. U.S based economic events will continue with the New Home Sales at 14:00 GMT and the weekly Crude Inventories report 30 minutes later.

    THURSDAY
    The annual Jackson Hole summit starts while UK and Japan also deliver crucial data. Investors will keep an eye on the annual meeting of top central bankers and economists hosted by Fed, and particularly Yellen’s and Draghi’s speeches. U.K will publish its second estimate Q2 GDP at 08:30 GMT while U.S, it’s latest weekly Jobless Claims figure. Closer to the end of the session Japan’s Statistics Bureau will release July’s inflation data.

    FRIDAY
    A busy round-up for the week with Yellen and Draghi being on the spotlight. The roundup of the week will be probably volatile as Fed’s Yellen is to speak about financial stability at 14:00 GMT. Remarks of president Draghi will weigh in as he’s also to speak about monetary policy at 19:00 GMT. The session earlier will include the release of Core Durable Goods Orders and the German Ifo Business Climate release for U.S and Europe respectively.

  • THIS WEEK'S INDICATORS

    Market players this week will focus on the Fed FOMC Meeting Minutes on Wednesday after a weak week for the US Dollar due to the latest inlfation downbeat data released last Friday. Read moreU.S is also expected to publish data on their Retail Sales on Tuesday. On other major items on the economic calendar U.K is expectd to release its latest Inlfation figures as well on Tuesday while the same day Euro-Zone will publish the German Q2 GDP figures. Last, but not least, on Monday China will report is latest Industrail Output data.

    DOLLAR INDEX 1 HOUR CHART

    MONDAY
    China and Euro-Zone will release their monthly Industrial Output. The start of this week on Monday is expected to be a quiet as the most important releases of the day are the Chinese Industrial Production and Fixed Assets Investments reports at 02:00 GMT and Eurostat’s Industrial Production at 9:00 GMT. The latter is expected to come out -0.4%, from a previous reading of 1.3%.

    TUESDAY
    A volatile session with important economic releases on rates, inflation and consumer spending. On Tuesday volatility will be high starting with RBA’s most recent meeting’s minutes at 01:30 GMT. The Office for National Statistics will release UK’s CPI reading at 08:30 GMT, where this is expected to increase 0.1% from the previous release. The session will close with the monthly U.S Core Retail Sales and Manufacturing Activity in the region of New York at 12:30 GMT while other medium impact reports are also expected to add to volatility.

    WEDNESDAY
    Fed will release the latest FOMC meeting minutes while other major reports are expected from UK, AU, EU and NZ. A very volatile session starting with UK’s Average Earnings Index at 08:30 GMT and Eurozone’s quarter on quarter Flash GDP thirty minutes later. U.S will publish the number of the new Building Permits issued last month at 12:30 GMT as well as the Crude Inventories at 14:30 GMT while the day’s highlight will be the FOMC Meeting Minutes at 18:00 MT. The session will close with Inflationary data from New Zealand, where an increase of 0.1% is expected from analyst on the PPI Input.

    THURSDAY
    A busy Thursday with Employment, Unemployment and Consumer Spending reports. The Australian Bureau of Statistics will release its latest Employment report at 00:30 GMT, followed by Ellis’s speech at 08:20 GMT. UK will publish its monthly Retail Sales report ten minutes later while in Europe, ECB will publish its latest report on Monetary Policy at 11:30 GMT. At 12:30 GMT U.S will follow up with their Jobless Claims report followed by Kaplan’s speech at the Lubbock Chamber of Commerce at 16:30 GMT.

    FRIDAY
    A breather from a volatile weak with only Canadian Inflation data expected to be released. The roundup of the week will be quiet as the only major reports expected to be released are coming from Canada. Other medium impact events are expected to move the markets too. Canada will release its latest CPI report at 12:30 GMT while later, at 14:00, U.S will release its monthly Preliminary UoM Consumer Sentiment Survey. The session will close with another speech from Kaplan fifteen minutes later as he’s due to speak at the Dallas County Community.

  • THIS WEEK'S INDICATORS

    After a significant week for USD Dollar with the focus on the US economic health and employment change this week investros could focus on major key economic indicators and take advantage of the volatility sourounding the release of those. Read moreOn Friday US is expected to release its inflation report, an event which could determine whether another rate hike is possible in 2017. On the US side we are alos expecting a few speeches from key members where clues on the balance sheet unwinding could be provided. In other significat economic indicators’ releases China will publish its Trade and Inflation data for the month of July while in the UK market participants will be waiting on the monthly Factory Production data bu manufacturers. Elsewhere, EIA will report on the weekly number of barrels of Crude oil help in inventory.

    DOLLAR INDEX 1 HOUR CHART

    MONDAY
    RBNZ will release its quarter on quarter Inflation Expectations, minors on Swissy, Pound, US. The start of this week on Monday is expected to be a quite with the day’s highlight being New Zealandian change expectations of the price of goods and services. Switzerland will release inflation data while UK data on its Housing price. The session will end with FOMC member Kashkari speech at the Rotary Club of Downtown Sioux Falls.

    TUESDAY
    NAB will announce its benchmark Business Confidence, China its Trade Balance and US it JOLTS report. On Tuesday volatility will be limited again as the economic indicators do not have a major effect on the markets, however, around the release of the data some opportunities could be expected. NAB index is expected to fall 2 points while China’s Trade Balance is also expected to fall 2B. In US, analysts expect the Jobs Opening to decline for from 5.67M to 5.66M.

    WEDNESDAY
    NBS will release Chinese inflation figures while EIA Crude Stocks. New Zealandian rate decision on stoplight. Chinese CPI and PPI are expected to change 0% and +0.1% respectively while Crude Inventories are expected to fall by 1.5M barrels. Volatility could appear to be high around the release of RBNZ Interest Rate decision, whereas analysts forecasted an unchanged figure of 1.75%.

    THURSDAY
    ONS will release its Factory Production while US inflation and Jobless Claims figures followed by Lowe’s speech. The Office of National Statistics is expected to release UK’s monthly Manufacturing Production while in US BLS will release its PPI indicator figure. The Department of Labor will also release the Unemployment Claims where a number 2K larger than the previous week in forecasted by analysts. The session will close with RBA’s Lowe speech before the House of Representatives Standing Committee on Economics.

    FRIDAY
    US is to release inflationary data while two FOMC members are expected to speak. The roundup the week will start with BLS’s monthly CPI and Core CPI releases where both of those are forecasted to increase to 0.2%. Friday will continue with Kaplan’s speech about economic conditions and monetary policy and close off with Kashkari’s speech at the Independent Community Bankers of Minnesota Annual Convention.

  • THIS WEEK'S INDICATORS

    The economic calendar this coming week is full of important events that will fuel the financial markets with investors’ focus on Friday’s U.S employment report, released at 12:30 GMT by the Labor Department. Analysts expect an increase of 183K jobs growth and a lower unemployment rate of 4.3% while most attention will be gather around the average hourly earnings figures, which are expected to raise from 0.2% to 0.3%. Read moreOn Thursday BoE will announce its interest rate decision at 11 GMT along with the quarterly inflation report followed by Carney’s conference after the announcement while manufacturing, construction and services sectors will report on activity. Today, Monday, Euro zone will publish its flash inflation figures, whereas on Tuesday the preliminary report on 2nd quarter economic growth will be also published. On the same day, Chinese manufacturing data will be released on July’s manufacturing sector activity while the Caixin manufacturing index could create additional opportunities for investors at 01:45 GMT on Tuesday. Finally, RBA will publish its latest interest rate decision on Tuesday at 04:30 GMT, besides other important data on retail sales as well as trade balance.

    US Dollar Index Hourly Chart

    MONDAY
    Eurozone will release data on inflation while U.S on pending homes sales and business activity. The start of this week on Monday is expected to be a little volatile as we are waiting for a number of reports. China will release data on manufacturing and the service sector activity, New Zealand will report data on business confidence, Euro zone is expected to publish inflation data while Germany will report on retail sales. In addition, UK will publish data on net lending while U.S on pending home sales and business activity in the Chicago area.

    TUESDAY
    RBA will announce its benchmark interest rate and China its Caxin manufacturing PMI, while Eurozone and U.S are to release important data. On Tuesday, volatility is expected around the announcement of RBA’s statement as opportunities could be found as the statement outlines Australia’s economic conditions. In Europe, preliminary data on the 2nd quarter economic growth are also expected while in the UK data on manufacturing activity could also open some opportunities to trade. During the session U.S is expected to release data on personal spending while the ISM manufacturing index will provide signs of U.S economic health.

    WEDNESDAY
    New Zealand will release its job report while in U.S its ADP nonfarm payrolls report. New Zealand will release its latest data on the quarterly jobs while Australia will report building approvals. On other important economic events UK will release data on construction activity while the U.S its monthly employment change from ADP. Opportunities for investors could be seen around the releases as volatility is expected to be high around the publishing of the reports.

    THURSDAY
    BoE will announce its latest rate decision while U.S will release data on jobless claims and its ISM report. The bank of England will publish the minutes from the latest meeting as well as its quarterly inflation report followed by Carney’s conference on the inflation report while on the same day the UK will also release data on the service sector activity. Australia will report on trade balance while in the U.S, data on unemployment claims, the release of ISM non-manufacturing index and the monthly factory orders could also provide some opportunities for market participants.

    FRIDAY
    A widely expected volatile session with RBA’s monetary policy statement and US and Ca monthly employment reports. The roundup of this coming week on Friday will be the highlight as market players are expecting the monthly NFP report to be released, while Canada will also release its monthly employment report. On other important economic events RBA will publish the latest monetary policy statement as well as data on retail sales.

  • THIS WEEK'S INDICATORS

    This week the biggest economic events that are likely to affect the markets and could create opportunities for all types of investors, start with Fed’s decision on interest rates on Wednesday. Polls indicate a 65% of market players expect no changes. On Friday, U.S will also release its numbers on the 2nd quarter GDP as well as data on existing & new home sales, on Monday and Wednesday crude inventories will be released, whereas on Tuesday and Thursday, consumer confidence figures, core durable goods orders and jobless claims Read moreare expected. In Europe, the focus will be on Monday’s French and German PMI reports while analysts expect a decline. In the UK, after a bad week, GDP data will also come to light in order to measure UK’s economic health on Wednesday, while earlier in the week, on Tuesday, BoE’s Haldane is also to speak at the Finance Foundation Annual Lecture in London. Finally, another highlight for the week is Australia’s 2nd quarter inflation figures on Wednesday followed by Lowe’s speech at the Anika Foundation Luncheon in Sydney. In other events not in the calendar, OPEC vs non-OPEC meeting later today could add volatility to oil; oil moved marginally higher ahead of meeting.

    CRUDE OIL CHART

    MONDAY
    Eurozone will release data on private sector and business activity, while US will report on existing home sales. Monday is expected to be relatively busy for the Eurozone around the release of manufacturing and service sector activity data for the month of July. Market players could focus on the PMI figures in order to either support last week’s rally, stay out, or temporary sell the Euro, whereas a few could wait for the US home sales release to participate. Oil producer meeting also in focus with center Nigeria’s and Libya’s output.

    TUESDAY
    U.S will release data on consumer confidence while ifo the German Business Climate survey. On Tuesday the Institute for Economic Research will publish the survey of correlation with German and wider Eurozone economic conditions while later U.S will report data on consumer spending, which accounts for the majority of overall economic activity. The session’s volatility could slow down after MPC Haldane’s speech in London on the international monetary and financial system.

    WEDNESDAY
    The most volatile day of the week with high impact on Australian, UK and U.S economic events. Australia will release its latest inflation figures with its quarter CPI release followed by Lowe’s speech about “The Labor Market and Monetary Policy”. The Office on National Statistics will release UK’s GDP first estimate, where expectations are for a 0.1% increase, whereas the U.S will report on new home sales and soon after oil stocks for last week. The session will close after FOMC’s statement on interest rates, an event that tents to create huge volatility.

    THURSDAY
    Another volatile session for U.S as it will release data on jobless claims and durable goods. Besides the FOMC statement, U.S is also expected to release figures on its monthly core (excluding transportation) durable goods orders as well as its weekly unemployment claims. Core data are expected to raise 0.1% while jobless claims are expected to add 9K more unemployed who files for insurance.

    FRIDAY
    A relatively quiet session with only exceptions Canada’s monthly and U.S’s advanced GDP. The week will close with another US focused economic event after Statistics Canada will release the monthly change in the inflation-adjusted value of all goods and services. Expectations from analysts indicate the economic health in Canada will remain the same, while in the first release of the U.S GDP, they expect an increase of 1.1% compared to last quarter. Since the Advanced release is the earliest, investors could find opportunities, as the impact of the divergence could be big.

Any opinions, news, research, analyses, prices or other information contained here are provided as general market commentary and do not constitute investment advice. FXPRIMUS does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

 

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