What to Expect for next Week from the Forex Market

Article by Investazor.com

Last week the United States have avoided a default with several hours before the deadline. Because the government shutdown a lot of institutions did not work and the economic calendar suffered modifications and some of the usual indicators were not published. One of the most important is the Non-Farm Payrolls which should have been published in the first Friday of this month.

Next week’s calendar looks something like this:

Date

Currency

Impact

Forecast

Previous

MonOct 21

JPY

Trade Balance

-1.06T

-0.79T

EUR

German PPI m/m

0.10%

-0.10%

EUR

German Buba Monthly Report

USD

FOMC Member Evans Speaks

CAD

Wholesale Sales m/m

0.60%

1.50%

USD

Existing Home Sales

5.31M

5.48M

USD

Crude Oil Inventories

3.4M

6.8M

TueOct 22

GBP

MPC Member Bean Speaks

GBP

Public Sector Net Borrowing

10.4B

11.5B

CAD

Core Retail Sales m/m

0.20%

1.00%

CAD

Retail Sales m/m

0.30%

0.60%

USD

Non-Farm Employment Change

179K

169K

USD

Unemployment Rate

7.30%

7.30%

USD

Average Hourly Earnings m/m

0.20%

0.20%

WedOct 23

AUD

CB Leading Index m/m

0.30%

AUD

CPI q/q

0.80%

0.40%

AUD

Trimmed Mean CPI q/q

0.70%

0.50%

GBP

MPC Asset Purchase Facility Votes

0-0-9

0-0-9

GBP

MPC Official Bank Rate Votes

0-0-9

0-0-9

GBP

BBA Mortgage Approvals

39.4K

38.2K

USD

Import Prices m/m

0.30%

0.00%

EUR

Belgian NBB Business Climate

-4.1

-6.7

CAD

BOC Rate Statement

CAD

Overnight Rate

1.00%

1.00%

CAD

BOC Monetary Policy Report

USD

Crude Oil Inventories

CAD

BOC Press Conference

ThuOct 24

NZD

Trade Balance

-677M

-1191M

CNY

HSBC Flash Manufacturing PMI

50.5

50.2

AUD

RBA Deputy Gov Lowe Speaks

EUR

French Flash Manufacturing PMI

50.3

49.8

EUR

French Flash Services PMI

51.2

51

EUR

Spanish Unemployment Rate

26.10%

26.30%

EUR

German Flash Manufacturing PMI

51.6

51.1

EUR

German Flash Services PMI

53.8

53.7

EUR

Flash Manufacturing PMI

51.4

51.1

EUR

Flash Services PMI

52.3

52.2

GBP

CBI Industrial Order Expectations

10

9

USD

Unemployment Claims

341K

358K

USD

Flash Manufacturing PMI

52.8

52.8

USD

New Home Sales

427K

421K

USD

JOLTS Job Openings

3.77M

3.69M

GBP

BOE Gov Carney Speaks

FriOct 25

JPY

Tokyo Core CPI y/y

0.40%

0.20%

EUR

German Ifo Business Climate

108.2

107.7

EUR

M3 Money Supply y/y

2.30%

2.30%

GBP

Prelim GDP q/q

0.80%

0.70%

USD

Core Durable Goods Orders m/m

0.60%

-0.10%

USD

Durable Goods Orders m/m

1.70%

0.10%

USD

Revised UoM Consumer Sentiment

75.3

75.2

 

As you can see next week for the United States there are the following indicators scheduled to be published: On Monday Existing Home Sales and Crude Oil Invetories; Tuesday Non-Farm Payrolls and Unemployment Rate; Wednesday again Crude Oil Invetories; Thursday the Unemployment Claims and New Home Sales and Friday the Core Durable Goods Orders.

But that is not all. In the calendar there can also be found the Manufacturing PMIs for Germany and China, also the Monetary Policy Meeting for Canada and the German Ifo Business Climate.

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