This week, global markets are awaiting a lot of important forex news, represented in the release of the minutes of the Federal Reserve’s meeting, scheduled for next Wednesday, in order to obtain any new indications about the future of monetary policy and about the possibility of increasing US interest rates for the third time this year. Many important data about the US economy about inflation and retail sales.
Investors will also focus on the speech of Mario Draghi, President of the European Central Bank, to look for any new hints about when the central bank will switch away from monetary easing.
Here are the details of the most important forex news on the global economic scene:
Monday 9 October
The financial markets in Japan are scheduled to remain closed for public holidays, and the financial markets in Canada will remain closed for the Thanksgiving holiday, on the other hand, China will disclose the reading of the Services PMI “Saizen”, and in Germany several important data will be released about Industrial production.
Tuesday October 10
Australia will release its data on the business confidence index, Britain will release reports on the trade balance and industrial production, and in Canada a report on building permits will be published. Today, the Federal Reserve Bank of Minneapolis President Neil Kashkari is also scheduled to speak. .
Wednesday October 11
Later Wednesday, Dallas Fed President Robert Kaplan is scheduled to speak, the Fed will release the minutes of its last monetary policy meeting, and is likely to offer any new hints regarding a gradual increase in US interest rates this year. .
Thursday October 12
Canada is to publish a report on the new house price inflation, and in the United States, many important data on the US economy are scheduled to be released on producer price inflation and initial jobless claims, and Mario Draghi, President of the European Central Bank, is also scheduled to release a report. Speaking at an event in Washington State, USA, Jerome Powell and Lyle Brainard, governors of the Federal Reserve, will also speak at the event.
Friday October 13
New Zealand will publish its report on the reading of the manufacturing index, the Australian central bank will publish its report on financial stability, and in China, trade data will be announced, and the United States is scheduled to conclude the week's trading by issuing many important data on inflation and retail sales. In addition to other data about the consumer confidence index reading in the largest economy in the world.
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