There’s a lot going on in the foreign exchange market this week. Here’s a round-up of what’s scheduled on the calendar.
The main political event today (Monday) will be the Canadian federal election in which Prime Minister Justin Trudeau will be up for re-election.
Data on German producer price index activity for September will be out at 6am, and this is expected to show a month on month change from -0.5% to -0.1%.
After that, the day will be largely quiet.
Two central bank events will take place, including the German Bundesbank monthly report at 10am GMT.
The Bank of England’s Andrew G. Haldane, who is both the institution’s chief economist and also a member of its influential Monetary Policy Committee, will speak at 3pm GMT.
Looking ahead to Tuesday, a Japanese bank holiday could cause some slowdown in Asian trading.
Elsewhere, activity will be on the rise.
The European Central Bank will release its lending survey at 8am GMT.
The Confederation of British Industry could exercise some influence over the direction of sterling with its industrial trends survey for orders.
It will cover the month of October and is expected to show a month on month change from -28 to -23.
US existing home sales data for September will be out at 2pm GMT.
This is expected to show a change from 1.3% to 0.1%.
The Bank of Canada will reveal its business outlook survey at 2:30pm GMT.
New Zealand’s trade balance data for September will be out at 9:45pm GMT.
Wednesday will see a French business climate release for October.
This is forecast to show no change from 102.
Wholesale sales data from Canada will be out at 12:30pm GMT, covering the month of August.
This was last recorded at 1.7% on a month on month basis.
Preliminary European consumer confidence data for October is expected to change from -6.5 to -6.7.
Australia’s Commonwealth Bank will release its manufacturing purchasing index for October at 10pm GMT.
This will show a change from 52.4 to 52.2.
Looking ahead as far as Thursday, Japan’s leading economic index for August is due to come out at 5am GMT.
This is expected by analysts to show no change from 91.7 at which it was previously recorded.
The weekly round of continuing jobless claims will be out of the US at 12:30pm GMT.
Continuing jobless claims for the dates around 11th October are due then and were last recorded at 1,679,000.
Initial jobless claims for the dates around 18th October will also be out at 12:30pm GMT.
This was last recorded at 214,000 by analysts.
Nondefense capital goods orders information for September will be out of the US at 12:30pm GMT too.
However, the main event of the day will be the European Central Bank’s monetary policy statement.
There is currently no consensus around what decision will occur here.
This is due at 12:30pm GMT and will be followed by a press conference to discuss the decision.