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What’s on next week in the forex markets?

While there are still a couple more days of this foreign exchange trading week left to go, it’s worth looking ahead to next week to see what the foreign exchange market has in store.

Monday, there will be a federal election taking place in Canada, in which Prime Minister Justin Trudeau will be aiming to defend his government and keep it in office.

That will take place across the course of Monday.

Early in the day in the GMT time zone, there will be an interest rate decision from the People’s Bank of China.

This was last recorded at 4.2%, and the new decision is expected to come out at 1:30am GMT.

At the same time, Chinese house price index information for September will be released.

New Zealand’s credit card spending data for September will be out at 2am GMT.

This is expected to show a change from 6% to 5.1%.

The German producer price index for September will be released at 6am GMT and is expected to show a month on month change from -0.5% to -0.2%.

Year on year, however, this is expected to reveal a change from 0.3% to 0.6%.

All eyes will remain on Europe’s largest economy at 10am GMT when the German Bundesbank releases its monthly report at 10am GMT.

In more central banking action, the Bank of England’s Andrew Haldane will speak at 3pm GMT.

He is the chief economist there and is also the executive director for monetary analysis and statistics.

Looking ahead to Tuesday, there will be a bank holiday in Japan which could cause trading volumes there to slow down.

The European Central Bank’s bank lending survey will be revealed at 8am GMT.

Canadian retail sales information for August will be released at 12:30pm GMT.

Month on month, this was last recorded at 0.4%.

Existing home sales data for September will be out of the US at 2pm GMT and is predicted to show a month on month change from 1.3% to -3.7%.

New Zealand’s imports and exports data for September will be out at 9:45pm GMT.

Looking ahead to Wednesday, French business climate data for October will be out at 6:45am GMT.

This is expected to hold firm at 102.

Preliminary European consumer confidence data for October will be out at 2pm GMT and is forecast to show a change from -6.5 to -7.

US housing price index information for August will quickly following at 2pm GMT.

This was last seen at 0.4% month on month.

On Thursday of next week there will be a leading economic index release covering August, from Japan.

This is due to come out at 5am GMT and is expected to remain at the same place as before, 91.7.

Preliminary German Markit PMI composite data for October will be out at 8:30am GMT.

This is likely to be watched closely by those who continue to worry that the country could see itself sliding into recession soon.

The figures are forecast to go from 41.7 to 40.0.

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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