Your WEEK AHEAD Forex Trading calendar: WC Monday 17th to Friday 21st October 2016

Analysis written BY retail traders FOR retail traders

Important: Please be aware that the following expected figures are analysts estimates based upon the data available at the time this calendar was posted. As each data point draws nearer you should expect some fluctuation in these expectations and stay as up to date as you possibly can as to any renewed expectations immediately prior to the release of a data point.


Monday 17th

10am – eurozone CPI (September, final): expected to rise to 04% YoY from 0.2%, while the core figure remains at 0.8% YoY.

1.30pm – US NY Empire State mfg index (October): index expected to rise to 1 from -2 in September.


Tuesday 18th

1.30am – RBA meeting minutes: these will help reveal the discussions behind the decisions taken at the most recent RBA meeting.

9.30am – UK CPI (September): CPI  is expected to be 0.8% YoY and 0.1% MoM, from 0.6% and 0.3% respectively in August, while core prices rise 1.4% YoY versus 1.3% in August. PPI is expected to be 1% from 0.8% YoY, and hold at 0.1% MoM.

1.30pm – US CPI (September): CPI is forecast to be 1.5% from 1.1% YoY and 0.3% from 0.2% MoM. Core price growth is expected to fall to 0.2% from 0.3% MoM.


Wednesday 19th

3am – China GDP (Q3), retail sales (September): growth expected to be 1.8% QoQ and 6.7% YoY. Retail sales expected to stay at 10.6%.

9.30am – UK unemployment data: claimant count forecast to have hit 2600 from 2400 in September, while the unemployment rate remains at 4.9% in August. Average weekly earnings expected to rise 2.3% including bonuses.

1.30pm – US housing starts & building permits (September): housing starts forecast to rise to 1170K from 1142K, while building permits edge up to 1155K from 1152K.

3pm – Bank of Canada decision: no change in rates expected, which are currently at 0.5%.

3.30pm – EIA crude inventories (w/e 14 Oct): stockpiles forecast to drop by 800,000 barrels, following a rise of 4.9 million barrels a week earlier.

7pm – Fed Beige Book: survey of US businesses will shed light on the current state of the economy.


Thursday 20th

1.30am – Australia employment data (September):  15,000 jobs expected to have been created in September, from a fall of 3900 in August, while the unemployment rate rises to 5.7% from 5.6%.

9.30am – UK retail sales (September): sales expected to have risen by 0.3% MoM from a fall of 0.2% in August, while YoY growth edges down to 4.8% from 6.2%

12.45pm – ECB rate decision: Mario Draghi is not expected to announce any changes in policy, but after talk of tapering earlier in the month he may leave the door open to more easing either in December or early in 2017.

1.30pm – US initial jobless claims (w/e 15 Oct): claims forecast to hit 249,000 from 246,000 a week earlier.

3pm – US existing home sales (September): sales expected to rise to 5.38 million from 5.33 million a month earlier.


Friday 21st

1.30pm – Canada CPI (September), retail sales (August): CPI data expected to show prices grew by 1.3% in the month, YoY and 0.5% MoM, from 1.1% and -0.2% MoM in August. Retail sales forecast to rise 0.2% from a 0.1% fall.

3pm – eurozone consumer confidence (October, flash): expected to fall to -8.6 from -8.2.

Source: CC / J Mahoney


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