What’s on the cards this week in the forex markets?

Denise Jackson

Now that a new foreign exchange trading week has begun, it’s time to look ahead and see what’s on the cards for traders to look out for in the coming days.

Today (Monday), there will be a speech from the Bank of England’s Sir Jon Cunliffe at 12:12pm.

He is the deputy governor for financial stability at the Bank.

Later in the day, there will be a visitor arrivals metric for August out of New Zealand.

This is expected to show a year on year rise from 2% to 2.1%.

Looking ahead to tomorrow (Tuesday), there will be a speech from the Bank of Japan’s Haruhiko Kuroda, who serves as the organisation’s governor.

He is expected to speak to journalists at 12:30am GMT.

Simultaneously, there will be a meeting minutes release from the Reserve Bank of Australia.

The next big event is set to come an hour later at 1:30am GMT.

September’s consumer price index will be out then and is due to show a change from 2.8% to 2.9%.

Japan’s industrial production figures for August will be revealed at 4:30am GMT.

These are expected to show no change from -4.7%, where they were last recorded.

British average earnings figures for August will be out at 8:30am GMT.

These are expected to show a slight change from 3.8%, where they were last recorded, to 3.7%.

A speech from Dr. Gertjan Vlieghe, who sits on the Monetary Policy Committee of the Bank of England, will occur at 12:30pm GMT.

At 9:45pm GMT, a consumer price index released by Statistics New Zealand will come out over the cost of living in the Antipodean economy.

It is expected to show a change from 1.7% to 1.4%.

On Wednesday, retail price index data for September will be out of the UK at 8:30am GMT.

This is due to show a change from 0.8% to -0.1% on a month on month basis.

Producer price index information is set to show a change from -0.8% to -1.8% in month on month terms.

Overall consumer price index information for September will complete the hat trick of data releases and is due to come out at 8:30am GMT.

Year on year, this is predicted to show a slight rise from 1.7% to 1.8%.

US retail sales control group data for September is due at 12:30pm GMT.

This is expected to show no change from its previous position of 0.3%.

Philip Lane, who is an Executive Board member of the European Central Bank, will speak at 2pm GMT.

The US Federal Reserve’s Beige Book, which sees people from each of the 12 Federal Reserve districts across the country release their perspectives on the country’s current economic situation, will come out at 6pm GMT.

This will be followed an hour later by a speech from Lael Brainard, who is a member of the Board of Governors of the Federal Reserve.

A busy day for central banker speeches will be rounded off by a message from Guy Debelle, who is the assistant governor for financial markets at the Reserve Bank of Australia.

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.

Denise Jackson
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