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An early look to next week in forex: what’s on?

Now that this foreign exchange trading week begins to wind to a close, it’s worth thinking about what’s on the agenda for next week as well.

Monday of next week looks set to be somewhat quiet.

New Zealand’s trading volume is expected to go relatively low due to the Labour Day holiday.

Elsewhere, there’ll be some limited activity.

The Federal Reserve Bank of Chicago will release its September national activity index at 12:30pm GMT, and this is expected to show a change from 0.1 to -0.37.

US preliminary wholesale inventories for August will be out at 12:30pm GMT.

This was last recorded at 0.2%.

The Bank of England’s Silvana Tenreyro, who is currently serving on the Bank of England’s Monetary Policy Committee, will speak at 5pm GMT.

Looking ahead to Tuesday, which looks set to be a much more active day for forex traders,  the Reserve Bank of Australia’s governor Philip Lowe will speak at 6:45am GMT.

German import price index data for September will be out at 7am on Tuesday.

Month on month, this is expected to show no change from -0.6% to -0.3%.

French consumer confidence data for October will be out at 7:45am GMT.

This is expected to show a change from 104 to 103.

Spanish retail sales information for September will be out at 8am GMT.

It is generally expected that this will  reveal no year on year change from its previous position of 3.2%.

Overall consumer credit figures for September will be out of Britain at 9:30am GMT.

This will come at the same time as mortgage approvals data for September.

US consumer confidence data will be out at 2pm GMT.

US pending home sales for the month of September will be out at this time too.

This is expected to show a month on month rise from 1.6% to 1.7%.

Japanese retail trade data for September will be out at 11:50pm GMT.

This is predicted to show a year on year change from 1.8% to -0.1%.

On Wednesday of next week, the Reserve Bank of Australia will release its trimmed mean CPI for Q3 of 2019.

This is expected to show no quarter on quarter change from its previous position of 0.4% when it comes out at 12:30am GMT.

Preliminary French gross domestic product data for Q3 of 2019 will be out at 6:30am GMT.

This is forecast to show a slight change from its previous position of 0.3%, going down to 0.2%.

French consumer spending data for September will be out at 7:45am GMT.

This was last recorded month on month at 0%.

German unemployment rate figures for October will be out at 8:55am GMT.

These are expected to show no change from 5%, where they were previously recorded.

October industrial confidence figures for the whole of Europe will be out at 10am GMT.

This was last recorded at -7.6, and there is currently no analyst consensus about where this will go next.

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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