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.
What to Expect for next Week from the Forex Market by Razvan Mihai
