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Tuesday’s here: what’s on the forex trading calendar?

Now that Tuesday in the forex trading week has arrived, it’s time to investigate what’s on the foreign exchange trading calendar ahead.

There may be some lower than usual trading volumes in some major markets as economies recover from bank holidays. Canadian Thanksgiving Day and US Columbus Day both took place on Monday, while Japan’s Health-Sports Day also took place.

Today, there will be a speech from Dr. Gertjan Vlieghe, who sits on the Monetary Policy Committee of the Bank of England and is likely to speak about how monetary policy in the UK could be affected in the coming months.

The US Redbook index, which monitors same-store sales growth in the US, will be released in the days after that.

This will cover the dates around 11th October and was last recorded at 5.5% year on year.

New Zealand’s consumer price index for Q3 of 2019 will be out at 9:45am GMT.

This is likely to show a year on year change from 1.7% to 1.4%.

Looking ahead to Wednesday, there’ll be a retail price index for September out of the UK.

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

British producer price index information for September will be out at 8:30am GMT.

This is predicted to show a change from -0.8% to -1.8% in input terms.

Later in the day, a US retail sales control group data release will occur covering the month of September.

This is expected at 12:30pm GMT and is forecast to show no change from its previous position of 0.3%.

This is deemed an important release and could have knock-on effects for the decisions of the Federal Open Market Committee when it next meets.

The Bank of Canada’s core consumer price index for September will be out at 12:30pm GMT and is expected to show no change from its previous position of 1.9%.

A speech from Philip Richard Lane, who is an Executive Board member of the European Central Bank, is due to occur at 2pm GMT.

Lael Brainard, who is a member of the Board of Governors of the Federal Reserve, will speak at 7pm GMT.

On Thursday, the main political event of the day will be the meeting of the European Council to discuss the latest moves in the Brexit saga.

If a deal is able to be struck, this could remove the uncertainty which has long since plagued the markets.

Australia unemployment rate data will be out at 12:30am GMT.

This is due to show a change for September from 34,700 to 10,000.

There’ll be more Australian information, with labour market participation rate data for September due out at 12:30am GMT.

It is expected to show no change from its previous position of 66.2%.

Retail sales data from the UK is due at 8:30am GMT and is expected to show a month on month change from -0.2% to +0.5% for the month of September when it is released.

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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