The upcoming trading week promises to be just as eventful as the last one. A range of high-impact reports and central bank speeches are expected to generate significant volatility across the markets. Traders will closely watch inflation data from the UK, China, and the US, which could influence expectations for future monetary policy. Reports covering service sector performance and industrial activity are also on the radar. Central bank speakers will not be staying silent either—remarks from monetary policymakers could shift sentiment and trigger moves across major currency pairs. Get ready for a week full of fast-paced trading!
China:
● 2:00 a.m. GMT: GDP (Year-over-Year) (Q3). Actual figure: 4.8% / Forecast: 4.7% / Previous: 5.2%. Critical for CNY and global risk sentiment! China's GDP reflects the health of the world's second-largest economy. Faster growth supports risk assets, while a slowdown may raise global recession concerns.
United States:
● 2:00 p.m. GMT: Retail Inventories Excluding Autos (August). Previous: 0.3%. Critical for USD. The data reflects both consumer and business activity and helps assess GDP dynamics and inflation trends.
Eurozone:
● 11:00 a.m. GMT: ECB President Lagarde Speaks. CRITICAL FOR THE EUR! Any comments from the ECB official regarding future monetary policy, inflation, or growth outlook could trigger sharp volatility of the euro.
Canada:
● 12:30 p.m. GMT: Consumer Price Index (Month-over-Month) (September). Actual figure: -0.1% / Forecast: -0.1%. Critical for CAD. Monthly inflation data is a key input for the Bank of Canada when shaping its interest rate policy. Any deviations from the projected figures may lead to notable fluctuations in the USD/CAD currency pair.
United States:
● 8:30 p.m. GMT: API Weekly Crude Oil Stock. Previous: 3.524M. Critical for OIL! The weekly preliminary inventory report often causes volatility in the commodities market.
United Kingdom:
● 6:00 a.m. GMT: Consumer Price Index (Year-over-Year) (September). Actual figure: 4.0% / Forecast: 3.8%. HIGH-IMPACT RELEASE FOR GBP! This is a critical inflation gauge for the Bank of England, with any surprises likely to trigger volatility in GBP pairs.
Eurozone:
● 11:00 a.m. GMT: ECB’s Mr. De Saguin Speaks. Critical for the EUR. Comments may offer fresh insight into the ECB’s assessment of the current economic situation and further steps.
United States:
● 2:30 p.m. GMT: EIA Crude Oil Inventories. Previous: 3.524M. Critical for OIL! The official EIA release is a major driver of short-term oil price moves.
United States:
● 12:30 p.m. GMT: Initial Jobless Claims. Forecast: 223K / Previous: 218K. Critical for USD. This is a strong labor market barometer. Higher-than-expected claims may weigh on the USD as they suggest economic softening.
● 2:00 p.m. GMT: Existing Home Sales (September). Previous: 4.06M. Critical for USD. This is a key metric for housing demand and broader consumer sentiment. It also impacts USD movements.
Japan:
●11:30 p.m. GMT: National Core CPI (Year-over-Year) (September). Actual figure: 2.9% / Previous: 2.7%. Critical for JPY! This index is closely monitored by the Bank of Japan. Core CPI excluding fresh food is crucial for JPY traders, as it shapes rate policy expectations.
United Kingdom:
●6:00 GMT: Core Retail Sales (Month-over-Month) (September). Previous: 0.8%. Critical for GBP. This index signals consumer spending trends, which influence growth and inflation forecasts.
●6:00 a.m. GMT: Core Retail Sales (Year-over-Year) (September). Previous: 1.2%. Critical for GBP. Annual retail performance also affects GBP pricing. Stronger-than-expected readings can support the pound.
United States:
● 12:30 p.m. GMT: Core CPI (Month-over-Month) (September). Previous: 0.3%. KEY INFLATION METRIC FOR USD! The core CPI, excluding volatile food and energy components, serves as the Federal Reserve’s primary gauge for assessing inflation when determining interest rate policy.
● 12:30 p.m. GMT: CPI (Year-over-Year) (September). Previous: 3.1%. Critical for USD. Annual figures show the overall price pressure dynamic. Stronger data typically supports the dollar.
● 12:30 p.m. GMT: CPI (Month-over-Month) (September). Previous: 0.4%. Critical for USD. The monthly Consumer Price Index is also a critical measure. The convergence of all inflation data releases at 12:30 GMT is expected to generate heightened volatility in the US dollar.
● 1:45 p.m. GMT: Manufacturing PMI (October). Previous: 51.9. Critical for USD. This is a barometer for the manufacturing sector. Stronger-than-expected data boosts confidence in the manufacturing sector and supports the USD.
● 1:45 p.m. GMT: Services PMI (October). Previous: 53.5. Critical for USD. The Services PMI serves as a key indicator of the health of the U.S. economy, where the services sector constitutes a substantial portion of GDP. A stronger-than-expected reading is likely to provide support to the U.S. dollar.
● 2:00 p.m. GMT: New Home Sales (September). Previous: 800K. Critical for USD. This release is an additional indicator of housing market conditions and overall consumer activity.
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