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A new forex trading week begins: what’s ahead?

Now that a new foreign exchange trading week is underway, it’s time for an update on what the week is set to hold for traders.

Monday, there will be another crucial parliamentary vote in Britain on the topic of Brexit and the potential for a general election.

This is due to happen at an as yet unspecified time later in the afternoon or evening.

US consumer credit change data for July will be out at 7pm GMT.

This is expected to show a change from $14.6bn to $16bn.

New Zealand’s electronic card retail sales data for August is expected at 10:45pm GMT.

Month on month, this was last recorded at -0.1%.

On Tuesday morning, China’s consumer price index for August will be out at 1:30am GMT.

This is expected to show a change from 2.8% to 2.6% on a year on year basis.

The country’s producer price index for the same period is expected to take an even bigger hit, perhaps due in part to concerns over the impact of the ongoing trade war with China.

French industrial output data for July will be out at 6:45am GMT.

This is expected to show a month on month change from -2.3% to +0.5%.

Average British earning (excluding bonus) for July will be out at 8:30am GMT.

These are expected to go from 3.9% to 3.8%.

Britain’s claimant count rate for August will be out at 8:30am GMT.

This was last recorded at 3.2%.

Canadian housing starts for August will be revealed at 12:15pm GMT.

These are expected to show a change from 222,000 to 204,500.

New Zealand’s visitor arrivals data for July were last recorded at 0.6% year on year.

At 10:45pm GMT, the latest version of the figures will be released.

On Wednesday morning, Australian bank Westpac will publish its consumer confidence survey for September.

This was last revealed at 3.6%.

Overall US producer price index data for August will be out at 12:30pm GMT.

This is expected to show a change from 2.1% to 2.2%.

Japanese machinery orders data for July will be out at 11:50pm GMT.

It is expected to show a change from 13.9% to -9.9%.

Germany’s harmonised index of consumer prices for August will be out at 6am GMT.

It is expected that this will show no year on year change from its previous position of 1%.

The same goes for its month on month position too.

It was last recorded at -0.1%, where it is expected to stay.

The European Central Bank will be in the spotlight later in the day when it makes its interest rate decision at 11:45am GMT.

It is widely expected that it this will be kept at 0%.

US consumer price index data for August will be out at 12:30pm GMT and is expected to show a slight year on year change from 2.2% to 2.3%  – excluding food and energy.

When food and energy are factored into the equation, however, it is expected that this will not move from 1.8%.

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.


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