Week 44 Ahead – Forex Trading Calendar

Overview:

A massive week ahead sees a whole host of both economic and corporate news hitting the wires.

On the economic front, central banks will take centre stage, with the Bank of Japan (BoJ), Bank of England (BoE), and the Federal Open Market Committee (FOMC) rate decisions in the space of three days. The UK, US and Japan will also be heading up the news with the release of jobs data, inflation, retail sales, purchasing managers index (PMI) figure and many more.

On the corporate side of things, markets will be looking to see if the recent outperformance in US earnings is going to continue apace. On Wednesday the tech focus continues, with Facebook releasing their third quarter (Q3) earnings figures. Elsewhere, look out for figures from US powerhouses Tesla and Pfizer, while UK listed firms HSBC, BP and BT will be in focus amongst a raft of UK figures.

Monday

12.50am – Japan retail sales (September): expected to rise to 2.1% from 1.7% Market to watch: JPY crosses, Japanese stocks

Tuesday

12.30 am – Unemployment rate (September): expected to remain at 2.8%. Market to watch: JPY crosses, Japanese stocks

4.00 am – BoJ rate decision & quarterly outlook report (06.00 am): Interest rates likely to remain on hold. Keep an eye out for changes to the interest rate forecasts. Market to watch: JPY crosses, Japanese stocks

11.00 am – Eurozone inflation (October), GDP (Q3) & unemployment (September): Inflation expected to rise to 1.6% from 1.5%. Q3 GDP expected to rise to 2.7% from 2.3%. Unemployment rate expected to fall to 9.0% from 9.1%. Market to watch: EUR crosses, euro indices

1.30 pm – Canadian GDP (August): expected to remain at 0%. Market to watch: CAD crosses

Wednesday

2.45 am – Caixin Manufacturing PMI (October): Expected to rise to 51.5 from 51.0 Market to watch: CNH and AUD crosses, Chinese indices

10.30am – UK Manufacturing PMI (October): Expected to rise to 56.2 from 55.9. Markets to watch: GBP crosses, UK indices

1.15 pm – US ADP employment change (October): Expected to rise to 210k from 135k. Markets to watch: USD crosses, US indices

3.30 pm – US Crude oil inventories (27 October): Expected to fall to -2.58m from 0.86m. Markets to watch: Energy markets

7.00 pm – Fed interest rate decision: Rates expected to remain unchanged, with focus on whether we will see a rate rise later in the year. Markets to watch: USD crosses, US indices

Thursday

2.45 am – Caixin Manufacturing PMI (October): Expected to rise to 51.5 from 51.0 Market to watch: CNH and AUD crosses, Chinese indices

10.30am – UK Manufacturing PMI (October): Expected to rise to 56.2 from 55.9. Markets to watch: GBP crosses, UK indices

1.15 pm – US ADP employment change (October): Expected to rise to 210k from 135k. Markets to watch: USD crosses, US indices

3.30 pm – US Crude oil inventories (27 October): Expected to fall to -2.58m from 0.86m. Markets to watch: Energy markets

7.00 pm – Fed interest rate decision: Rates expected to remain unchanged, with focus on whether we will see a rate rise later in the year. Markets to watch: USD crosses, US indices

Friday

10.30 am – UK Services PMI (October): Expected to rise to 53.7 from 53.6. Market to watch: GBP crosses and UK indices

1.30 pm – US jobs report (October): non-farm payrolls expected to rise to 250k from -33k. Average earnings expected to fall to 0.3% from 0.5%. Unemployment rate expected to remain at 4.2%. Market to watch: Global indices and USD crosses

Source: IG

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