What Is Programmed In The Forex Calendar For Next Week?

What Is Programmed In The Forex Calendar For Next Week

The week that has just passed did not bring any big surprises for the Forex Market. Monday the European Flashes PMI came above expectations for the services sector but disappointed for the manufacturing sector. Great Britain’s final GDP was in line with expectations. USA’s GDP was expected to rise 2.7%, but it only rose 2.5%. This bad news was equilibrated by a very good Unemployment Claims.

Last week was a lot of speeches from Mario Draghi and from the FOMC members. The ECB president reiterated the Central Bank’s position regarding the monetary policy. While a bigger number of FOMC members that spoke last week were expecting a tapering of the QE program in October, Evans said that he will not be surprised if Federal Reserve will continue not taking any action.

Date

Currency

Forecast

Previous

MonSep 30

NZD

Building Consents m/m

-0.80%

JPY

Prelim Industrial Production m/m

-0.20%

3.40%

JPY

Retail Sales y/y

1.10%

-0.30%

NZD

ANZ Business Confidence

48.1

AUD

Private Sector Credit m/m

0.40%

0.40%

CNY

HSBC Final Manufacturing PMI

51.2

51.2

EUR

German Retail Sales m/m

0.90%

-1.40%

GBP

Net Lending to Individuals m/m

1.6B

1.3B

EUR

CPI Flash Estimate y/y

1.30%

1.30%

CAD

GDP m/m

0.60%

-0.50%

CAD

RMPI m/m

3.20%

4.20%

USD

Chicago PMI

54.5

53

TueOct 1

JPY

Household Spending y/y

0.20%

0.10%

JPY

Tankan Manufacturing Index

7

4

JPY

Tankan Non-Manufacturing Index

14

12

CNY

Manufacturing PMI

51.6

51

AUD

Retail Sales m/m

0.30%

0.10%

JPY

Average Cash Earnings y/y

-0.20%

0.10%

AUD

Cash Rate

2.50%

2.50%

AUD

RBA Rate Statement

EUR

Spanish Manufacturing PMI

51.6

51.1

CHF

SVME PMI

54.9

54.6

EUR

Italian Manufacturing PMI

51.2

51.3

EUR

German Unemployment Change

-5K

7K

GBP

Manufacturing PMI

57.5

57.2

EUR

Unemployment Rate

12.10%

12.10%

USD

ISM Manufacturing PMI

55.3

55.7

WedOct 2

AUD

HIA New Home Sales m/m

-4.70%

AUD

Building Approvals m/m

-0.70%

10.80%

AUD

Trade Balance

-0.45B

-0.77B

EUR

Spanish Unemployment Change

12.3K

0.0K

GBP

Halifax HPI m/m

0.60%

0.40%

GBP

Construction PMI

60.1

59.1

EUR

German 10-y Bond Auction

2.06|1.3

EUR

Minimum Bid Rate

0.50%

0.50%

USD

ADP Non-Farm Employment Change

177K

176K

EUR

ECB Press Conference

USD

Crude Oil Inventories

2.6M

USD

FOMC Member Rosengren Speaks

USD

Fed Chairman Bernanke Speaks

ThuOct 3

CNY

Non-Manufacturing PMI

53.9

EUR

Spanish Services PMI

50.9

50.4

EUR

Italian Services PMI

49.3

48.8

GBP

Services PMI

60.4

60.5

EUR

Retail Sales m/m

0.30%

0.10%

EUR

French 10-y Bond Auction

EUR

Spanish 10-y Bond Auction

4.50|2.0

USD

Unemployment Claims

315K

305K

USD

ISM Non-Manufacturing PMI

57.2

58.6

USD

Factory Orders m/m

0.20%

-2.40%

USD

FOMC Member Powell Speaks

FriOct 4

JPY

Monetary Policy Statement

EUR

German PPI m/m

0.10%

-0.10%

JPY

BOJ Press Conference

USD

Non-Farm Employment Change

179K

169K

USD

Unemployment Rate

7.30%

7.30%

USD

Average Hourly Earnings m/m

0.20%

0.20%

USD

FOMC Member Dudley Speaks

USD

FOMC Member Stein Speaks

CAD

The calendar for next week will be full of important economic releases. On Monday Canada will publish its GDP. Tuesday Australia will have its Cash Rate and the monetary policy, from the Euro Area there will be published the Manufacturing PMIs for Italy and Spain and the unemployment rate. Wednesday (this time) the ECB will have its monetary policy and the press conference, and US will report the ADP. Thursday Great Britain will release its retail sales and US will publish its unemployment claims. On Friday BOJ will have its monetary policy and US will release the Non-Farm Employment Change.

All these data will be accompanied by the debt ceiling discussions. We are expecting a week with high volatility on the Forex market. We recommend traders to adjust their strategy for the new conditions and keep an eye on the market news.

 

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