fbpx

A look ahead: next week in the forex markets

Chris Lee

With one forex trading week now drawing to a close, it’s worthwhile looking ahead to next week to see what’s on the cards then.

Monday morning will kick off with some data releases from Japan.

A leading economic index for September will be out at 5am GMT and is expected to show no change from 92.2.

IFO expectations will be released for November at 9am GMT.

These are expected to show a slight change from 91.5 to 91.

At lunchtime, the Chicago Federal Reserve in the US will release its national activity index for October, focusing on economic activity and its relationship with inflation.

This is predicted to show a change from -0.45 to -0.43.

Canadian wholesale sales data for September will be out at 1:30pm GMT.

Month on month, this is expected to show a change from -1.2% to +0.3%.

A speech from Guy Debelle, who is the assistant governor for financial markets at the Reserve Bank of Australia, is scheduled in at 11:50pm GMT.

On Tuesday of next week, a speech from that Bank’s governor – Philip Lowe – will take place at 9:05am GMT.

He will speak at a dinner event in Sydney titled “Unconventional Monetary Policy: Some Lessons from Overseas”.

In the US, a housing price index for September will be released at 2pm GMT.

Month on month, this is expected to hold firm at 0.2%.

Later in the day, new home sales changes for October will be released at 3pm GMT.

This is expected to show no change from its previous position of -0.7%.

US consumer confidence data is also scheduled to be released at that time.

New Zealand’s trade balance data for October will be out at 9:45pm GMT.

Year on year, this was last recorded at $-5.21bn

On Wednesday of next week, British inflation report hearings are due to take place at some stage during the day.

French consumer confidence figures for November will be out at 7:45am GMT.

These are expected to hold firm at 104.

In the US, durable goods orders excluding transportation for October will be out at 1:30am GMT.

These are expected to show a change from -0.4% to -0.2%.

Preliminary US core personal consumption expenditures for Q3 of 2019 will be out at 1:30pm GMT.

These are expected to show a change from 2.2% to 1.8% on a quarter on quarter basis.

US personal income figures are also due out then, again covering October.

These are forecast by analysts to remain static at 0.3%.

Data on nondefense capital goods orders, excluding aircraft, for October will be out at 1:30pm GMT.

This is expected to show a change from -0.6% to -0.2%.

On Thursday of next week, Germany will be in the spotlight at 1pm GMT when the harmonised index of consumer prices for November comes out.

This is expected to show a change from +0.1% to -0.3% month on month.

Year on year, it is expected to remain firm at 0.9%.

Risk Statement: Trading Foreign Exchange on margin carries a high level of risk and may not be suitable for all investors. The possibility exists that you could lose more than your initial deposit. The high degree of leverage can work against you as well as for you.

Chris Lee
Forex.com logo72% of clients lose money. Capital at risk.

- Trusted Global Market Leader
- Online FX & CFD Trading
- 180+  Global Markets, 84 FX pairs, 65 shares, 17 popular indices and more
- Forex, Indices, Commodities, Equities & Bitcoin
- Available to US traders

eToro LogoYour capital is at risk

- Trade 15 cryptocurrencies
- Beginner friendly