Article by Investazor.com
A pretty interesting week has ended. The data published for Great Britain was mixed, both manufacturing and construction PMI’s came under estimates, but the services PMI was in line with the expectations. The Chinese Manufacturing PMI was 51.1, under the forecasted value and the Canadian GDP did not surprise the markets.
From the Euro Area the Unemployment rate was 12.00% and the retail sales are up 0.4%, but the ECB remained dovish with their monetary policy. The Euro gained some trust during the ECB’s press conference, but the impulse came from the fact that Letta got the vote in Italy. United States published an ADP under estimates with 11K, but the unemployment claims rise only with 308K. The Non-Farm Payroll was scheduled for Friday, but because of the partial shutdown it was deleted from the FX calendar.
For next week we are expecting:
| Date | Currency | Forecast | Previous | |
| MonOct 7 | CHF | Foreign Currency Reserves | 434.2B | |
| CAD | Building Permits m/m | -2.40% | 20.70% | |
| TueOct 8 | NZD | NZIER Business Confidence | 32 | |
| GBP | BRC Retail Sales Monitor y/y | 1.80% | ||
| JPY | Current Account | 0.65T | 0.33T | |
| AUD | ANZ Job Advertisements m/m | -2.00% | ||
| AUD | NAB Business Confidence | 6 | ||
| EUR | German Trade Balance | 15.1B | 14.5B | |
| CHF | CPI m/m | 0.20% | -0.10% | |
| CHF | Retail Sales y/y | 1.70% | 0.80% | |
| EUR | German Factory Orders m/m | 1.20% | -2.70% | |
| CAD | Trade Balance | -0.7B | -0.9B | |
| CHF | SNB Chairman Jordan Speaks | |||
| WedOct 9 | AUD | Westpac Consumer Sentiment | 4.70% | |
| JPY | Monetary Policy Meeting Minutes | |||
| GBP | Manufacturing Production m/m | 0.30% | 0.20% | |
| GBP | BOE Credit Conditions Survey | |||
| GBP | Trade Balance | -8.9B | -9.9B | |
| EUR | German Industrial Production m/m | 1.10% | -1.70% | |
| GBP | NIESR GDP Estimate | 0.90% | ||
| USD | FOMC Member Evans Speaks | |||
| USD | Crude Oil Inventories | 5.5M | ||
| USD | 10-y Bond Auction | 2.95|2.9 | ||
| USD | FOMC Meeting Minutes | |||
| ThuOct 10 | NZD | Business NZ Manufacturing Index | 57.5 | |
| EUR | ECB President Draghi Speaks | |||
| JPY | Core Machinery Orders m/m | 2.90% | 0.00% | |
| JPY | Tertiary Industry Activity m/m | 0.50% | -0.40% | |
| AUD | MI Inflation Expectations | 1.50% | ||
| AUD | Employment Change | 15.2K | -10.8K | |
| AUD | Unemployment Rate | 5.80% | 5.80% | |
| CNY | New Loans | 669B | 711B | |
| EUR | French Industrial Production m/m | 0.70% | -0.60% | |
| EUR | ECB Monthly Bulletin | |||
| GBP | Asset Purchase Facility | 375B | 375B | |
| GBP | Official Bank Rate | 0.50% | 0.50% | |
| GBP | MPC Rate Statement | |||
| CAD | NHPI m/m | 0.30% | 0.20% | |
| USD | Unemployment Claims | 307K | 308K | |
| USD | FOMC Member Bullard Speaks | |||
| JPY | BOJ Gov Kuroda Speaks | |||
| EUR | ECB President Draghi Speaks | |||
| FriOct 11 | CAD | Employment Change | 15.3K | 59.2K |
| CAD | Unemployment Rate | 7.10% | 7.10% | |
| USD | Prelim UoM Consumer Sentiment | 77.2 | 77.5 | |
| CAD | BOC Business Outlook Survey | |||
| USD | FOMC Member Powell Speaks | |||
| CHF | Gov Board Member Danthine Speaks | |||
| CAD | Gov Council Member Murray Speaks | |||
| SatOct 12 | CNY | Trade Balance | 25.2B | 28.5B |
| ALL | IMF Meetings | |||
| EUR | German Buba President Weidmann Speaks | |||
| JPY | BOJ Gov Kuroda Speaks |
As you can see the most important indicators that will be published during next week are the Canadian Trade Balance, Great Britain’s Manufacturing Production and monetary policy. Australia and Canada will publish their labor market data. From the Euro Area Mario Draghi will have a speech and the United States will release the FOMC meeting minutes.
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