This week, the focus for investors will be on the consumer price Index in the major economies. There will also be plenty of economic statistics on China, with Q3 GDP data worth a special look. Several US Federal Reserve and ECB officials will speak this week. Investors should not forget about the 3rd quarter US earnings season. Companies due to report earnings next week include Tesla, Netflix, and Johnson & Johnson.
Monday, October 17
On Monday, traders will mainly focus on Canada BoC Business Outlook Survey. This report can give hints about the Bank of Canada's next steps and see the bank's economic forecasts. China's Export and Imports data will be important for Asian indices.
Main events of the day:
- – China Export (m/m) at 06:00 (GMT+3);
- – China Imports (m/m) at 06:00 (GMT+3);
- – Japan Industrial Production (m/m) at 07:30 (GMT+3);
- – Italian Consumer Price Index (m/m) at 11:00 (GMT+3);
- – US NY Empire State Manufacturing Index (m/m) at 15:30 (GMT+3);
- – Canada BoC Business Outlook Survey at 17:30 (GMT+3).
Tuesday, October 18
On Tuesday, the main event of the day will be the inflation data in New Zealand. New Zealand publishes these data once a quarter, not once a month like other countries. Analysts expect inflation to fall by 0.7% on a yearly basis. Volatility in pairs with the New Zealand dollar will be higher. The attention of traders should also be focused on the Australia RBA Meeting Minutes. Economic statistics on China should also be on traders' watch list. Analysts expect China's economy to grow by 3.2% in 2022, well below the official target of 5.5%.
Main events of the day:
- – New Zealand Consumer Price Index at 00:45 (GMT+3);
- – Australia RBA Meeting Minutes at 03:30 (GMT+3);
- – China GDP (q/q) at 05:00 (GMT+3);
- – China Industrial Production (m/m) at 05:00 (GMT+3);
- – China Unemployment Rate (m/m) at 05:00 (GMT+3);
- – German ZEW Economic Sentiment (m/m) at 12:00 (GMT+3);
- – Eurozone ZEW Economic Sentiment (m/m) at 12:00 (GMT+3);
- – US Industrial Production (m/m) at 16:15 (GMT+3).
Wednesday, October 19
On Wednesday, all investors' attention will be focused on the inflation data in the UK, the Eurozone, and Canada. Volatility in financial markets will be extreme. Analysts predict that inflation in the UK and the Eurozone will reach 10% in annual terms. But in Canada, a slight decline in inflation indicators is forecasted.
Main events of the day:
- – UK Consumer Price Index (m/m) at 09:00 (GMT+3);
- – Eurozone Consumer Price Index (m/m) at 12:00 (GMT+3);
- – US Building Permits (m/m) at 15:30 (GMT+3);
- – Canada Consumer Price Index (m/m) at 15:30 (GMT+3);
- – US Crude Oil Reserves (w/w) at 17:30 (GMT+3).
Thursday, October 20
On Thursday, Loan Prime Rate be updated in China. The rate will likely remain unchanged, but traders must remember that China is on its way to lowering interest rates. It is also worth keeping a close eye on the real estate data in the United States. The US real estate market is already in recession, so the data will provide insight into how much the real estate crisis is exacerbated by the Fed's interest rate hikes.
Main events of the day:
- – US FOMC Member Bullard Speaks at 01:30 (GMT+3)
- – Australia Unemployment Rate (m/m) at 03:30 (GMT+3);
- – China PBoC Loan Prime Rate (m/m) at 04:15 (GMT+3);
- – Germany Producer Price Index (m/m) at 09:00 (GMT+3);
- – Eurozone EU Leaders Summit (m/m) at 13:00 (GMT+3);
- – US Initial Jobless Claims (w/w) at 15:30 (GMT+3);
- – US Philadelphia Fed Manufacturing Index (m/m) at 15:30 (GMT+3);
- – US Existing Home Sales (m/m) at 17:00 (GMT+3);
- – US Natural Gas Storage (w/w) at 17:30 (GMT+3).
Friday, October 21
The main event to watch on Friday is the Japan National Consumer Price Index. Strategists are predicting that inflation in Japan will rise to 3% in annual terms. A rise in inflation could spark a strengthening of the Japanese yen. The UK and Canada retail sales data should also be on the watch list.
Main events of the day:
- – Japan National Consumer Price Index (m/m) at 02:30 (GMT+3);
- – UK Retail Sales (m/m) at 09:00 (GMT+3);
- – Eurozone EU Leaders Summit (m/m) at 13:00 (GMT+3);
- – Canada Retail Sales (m/m) at 15:30 (GMT+3);
- – US FOMC Member Williams Speaks (m/m) at 16:10 (GMT+3).
by , 2022.10.17
We advise you to get acquainted with the daily forecasts for the major currency pairs.This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.
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