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Looking ahead: what’s happening in the forex markets next week?

Now that one forex trading week is coming to a close, it’s time to look ahead to what the next week has to offer in the forex markets.

A range of public holidays will take place on Monday and are likely to cause slowdowns in trading in both North America and in Asia.

Columbus Day will take place in the US, while Thanksgiving Day is scheduled in Canada.

Health-Sports Day, meanwhile, is on the cards in Japan – meaning that trading volumes for the yen may go down.

Other economies, however, will remain active.

In Europe, industrial production figures for the month of August are expected at 9am GMT.

Year on year, this is expected to show a change from -2% to -1.3%.

On Tuesday morning, the Reserve Bank of Australia will release its meeting minutes at 12:30am GMT.

There will be a consumer price index for September released at 1:30am GMT in China.

This is expected to show a year on year change from 2.8% to 2.9%.

Japanese capacity utilisation figures for August will be out at 4:30am GMT.

These were last recorded at 1.1%.

In Britain, unemployment figures for August are expected at 8:30am GMT.

These are predicted to show a change from 4% to 3.7%

Claimant count change figures for September will be out at the same time.

These are expected to show a change from 28,200 to 30,000.

Speeches from a number of central bankers are also scheduled for later on Tuesday.

At 9:25am GMT, for example, James Bullard – who is the president of the Federal Reserve Bank of St. Louis – will speak.

Dr Gertjan Vlieghe, who sits on the Monetary Policy Committee of the Bank of England, will speak at 12:10pm GMT.

The day will be rounded off by a consumer price index data release from New Zealand at 9:45pm GMT.

This will cover Q3 of 2019 and is expected to show no year on year change from its previous position of 1.7%.

On Wednesday, the day will kick off in earnest with a retail price index data release from Britain covering the month of September.

This is due to show no month on month change from its previous position of 2.6%.

Producer price index data for output in the month of September will be out at the same time.

This is expected to show no change from -0.1% to +0.1%.

Consumer price index information for the British economy is also expected then, again covering the month of September.

US retail sales data will come later in the day, and the control group data for this metric (covering September) is expected to show a change from 0.3% to 0.4%.

The Bank of Canada will release its consumer price index for September at 12:30pm GMT.

This is expected to show a year on year change from 1.9% to 2% – meaning that the rise will only be very slight.

 

 

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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