Forex news and the most important events on the economic calendar this week from 2 to 5 October

This week, global markets are awaiting many important forex news, represented by the statements of Federal Reserve Chair Janet Yellen, during which she is likely to provide any new hints regarding the future of monetary policy and about the possibility of increasing US interest rates at the end of this year. US non-farm payrolls, scheduled for release on Friday.

Investors will also pay attention to the speech of “Mario Draghi”, President of the European Central Bank, later next Wednesday. This week, it is also scheduled to release many important data about the PMI reading in the United Kingdom, which is supposed to provide Any new signs regarding the impact of the “Brexit” decision on the British economy.

Forex news

Forex news

Here are the details of the most important forex news this week

Monday 2 October

Financial markets are scheduled to remain closed in China for public holidays in the country, and Japan will issue several important data on the reading of the “Tankan” index of manufacturing and non-manufacturing industries, and in Britain it is scheduled to publish many data on the activity of the manufacturing sector, and on On the other hand, the United States will publish a report on the reading of the manufacturing index, and on this day, Robert Kaplan, President of the Federal Reserve Bank of Dallas is also scheduled to speak.

Tuesday 3 October

Financial markets in China will remain closed for public holidays, markets in Germany will be closed for public holidays in the country, while Australia will release its data on building approvals, and the Reserve Bank of Australia will announce its benchmark interest rate, in addition to publishing a statement On the policies that determine economic conditions and the factors that affect the monetary policy decision, Britain will publish its monthly report on construction activity, on the other hand, Federal Reserve Bank Governor Jerome Powell will speak at an event in Washington state, USA.

Wednesday 4 October

Financial markets in China are also scheduled to remain closed for public holidays in the country, and in Britain, several data will be announced on service sector activity, and many important data are also scheduled to be released in the United States on non-agricultural sector jobs within a month. Late September, in addition to other data on the non-manufacturing PMI reading, Federal Reserve Chair Janet Yellen will speak later in the day in St. Louis, and European Central Bank President Mario Draghi will speak. In Frankfurt.

Thursday October 5

China's financial markets will remain closed for public holidays, on the other hand, Australia will release its data on retail sales and trade balance, the European Central Bank is also scheduled to publish the minutes of its last meeting, and Canada will release its data on trade balance, In the United States, it is scheduled to release many important data on the US economy, represented in initial jobless claims, in addition to other data on factory and trade orders, and this will be the Federal Reserve Bank “Jerome Powell” and the President of the Federal Reserve Bank in Philadelphia, “Patrick Hacker.” Speaking at an event in Austin.

Friday October 6

Financial markets in China are scheduled to remain closed for holidays, on the other hand, in Britain, private sector data on house price inflation is scheduled to be announced, and Canada will release the monthly employment report along with the release of the Ivey PMI reading. Later today, William Dudley, President of the Federal Reserve Bank of New York, and Robert Kaplan, President of the Federal Reserve Bank of Dallas, will speak. About the non-agricultural sector jobs during the month of September.

Mohamed Abdel Khaleq

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