Forex Markets News from Tuesday Onwards

David Hobart

It’s Tuesday, and that means the foreign exchange markets are getting into full swing. Here’s what’s on the cards today and later into the week.

Tuesday, there will be a number of important US events on the calendar.

A speech from Thomas I. Barkin, who is president and CEO of the Federal Reserve Bank of Richmond, will occur at 1pm GMT.

Trade balance figures for September will come out of the US at 1:30pm GMT.

In nearby Canada, similar imports and exports data for the same time period are expected then too.

ISM non-manufacturing PMI data for October will be out at 3pm GMT and is expected to show a change from 52.6 to 53.5.

JOLTS job opening data, this time for September, will be released at 3pm GMT too.

This is expected by analysts to show a change from 7,051,000 to 7,028,000.

A speech from Robert Steven Kaplan, who is president and CEO of the Federal Reserve Bank of Dallas, will occur at 5:40pm GMT.

Later in the evening, a labour cost index will be released out of New Zealand covering Q3 of 2019.

This is expected to show a year on year change from 2.2% to 2.3%.

Quarter on quarter, it’s expected this will show a change from 0.8% to 0.6%.

The Bank of Japan will release the minutes of its monetary policy meeting at 11:50pm GMT.

Looking ahead to Wednesday, German factory orders data for September will be out at 7am GMT.

This is predicted to show a month on month change from -0.6% to +0.1% – a development that is likely to be seen as highly positive for those who were concerned about the state of the German economy and its manufacturing prowess.

There will also be a speech from Luis De Guindos, who is the vice president of the European Central Bank, at 9am GMT.

Half an hour later, there will be a further speech from the European Central Bank’s Yves Mersch, who sits on its Executive Board.

Wednesday is likely to be a busy day for central bank watchers.

A speech from Charles L. Evans, who is the president and Chief Executive Officer of the Federal Reserve Bank of Chicago, will take place at 1pm GMT.

John C. Williams, who is the president of Federal Reserve Bank of New York, will take place at 2:30pm GMT.

On Thursday of this week, there will be a release at 2am GMT which covers inflation expectations in New Zealand, released by the country’s Reserve Bank and covering Q4 of 2019.

German industrial production figures for September will be out at 7am GMT.

Month on month, this is expected by some analysts to show a change from 0.3% to -0.1%.

A Europe-wide economic bulletin will be out at 9am GMT.

This new publication, which will take the place of the existing Economic Bulletin, is scheduled to make its appearance following every meeting of the Governing Council of the European Central Bank.

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David Hobart
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