What To Expect From The Economic Calendar For Next Week

What To Expect From The Economic Calendar For Next Week

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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