A Look Ahead to Next Week in the Forex Trading Markets

Denise Jackson

Now that this forex trading week is winding down, it’s time to look ahead and see what’s due in the forex markets next week.

Sunday, there will be some slight action, especially later on in the day.

Australia’s construction performance index for September will be released at 9:30pm GMT.

This was last recorded at 44.6.

Foreign reserves data will be out of Japan at 9.30pm GMT.

This was last recorded at $1,331.6bn.

It’s worth remembering, however, that both Australia and China will see special festivals taking place.

It’s likely that trading volumes will go down because of Labour Day in Australia and the Chinese National Day celebrations.

Looking ahead to Monday of next week, preliminary Japanese coincident index data for August will be out at 5am GMT.

This is expected to show a change from 99.7 to 101.1.

German factory orders information for August will be out at 6am GMT.

Month on month, this is expected to show a change from -2.7% to -1.5%.

British house price index data for September will be out at 7.30am GMT.

This is expected to show a month on month change from 0.3% to -0.4%.

Japanese labour cash earnings information for August is expected out at 11.30pm GMT.

This is predicted to show a year on year change from -0.3%.

On Tuesday of next week, the Swiss unemployment rate for September is expected at 5:45am GMT.

This was last recorded at 2.3% month on month.

French trade balance data for August is due out at 6:45am GMT, covering both imports and exports.

There will be a non-monetary policy meeting of the European Central Bank at 7am GMT – and while it is unlikely that this will shift the forex markets significantly, it’s possible that some clues as to future monetary policy may be given.

US producer price index data for September will be released at 12:30pm GMT.

This is expected to show no month on month change from its previous position of 0.1%.

Canadian building permits data is also scheduled in for that day and is forecast to show a change from 3% to 2.3%.

Looking ahead to Wednesday, the Bank of England’s Financial Policy Committee meeting will take place at 8:30am GMT.

While this should not be confused with the interest rate-setting monetary policy committee, the minutes of this meeting could well indicate the state of financial stability in the UK and hence be useful to sterling traders.

In a similar vein, the minutes of the Federal Open Market Committee in the US are expected out at 6pm GMT.

This, however, will cover the body which is directly responsible for setting interest rates – and hence there could be plenty of material of interest to traders covered here.

Japanese foreign bond investment data for the dates around October 4th will be out at 11:50pm GMT.

This will be followed by an update on machinery orders in the country in August, expressed both in year on year and month on month terms.

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.

Denise Jackson
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