Hello Traders! This week is not so busy but has some important press releases coming up. The biggest event of the week is on Tuesday with the Midterm Elections in the US.
China’s Balance of trade and Import and Export numbers during the Asian session.
Switzerland’s Unemployment numbers, German Industrial Production and Global Construction PMI numbers, UK House Price Index and we have BOE and ECB speeches as well during the European Session.
There is nothing big happening during the US session in terms of news releases. Nevertheless, we have some FED speeches towards the end of the day.
We start the day in Asia with an early Ai Group Service Index numbers out of Australia and a speech from the FED. We have also Australian Westpac Consumer Confidence Change and Index numbers published together with the start of the Midterm Elections in the US, BoJ Summary of Opinions in Japan, Retail Sales Monitor out of the UK, NAB Business Confidence out of Australia and towards the end of the Asian session we have Netherlands Inflation Rate YoY and MoM numbers released.The European session will be the busiest one with Frances Balance of Trade, Switzerland and EU central banks speeches, Italy Retail Sales, UK central bank speech, Austrian Retail Sales and EU Retail Sales numbers being released.The US session is again very quiet with only IBD/TIPP Economic Optimism and Crude Oil Stock numbers being released.
During the Asian session, we have Reuters Tankan Index and Current Account numbers coming out of Japan and the PPI YoY, Inflation Rate MoM and YoY out of China.
And only ECB Non-Monetary Policy Meeting, Australian central bank speech and 10-Year Bund Auction during the European session.
Later, we have Wholesale Inventories, Gasoline Stock Change, Crude Oil Stocks Change numbers and a FED speech coming up during the US session.
There is no high-impact news during the Asian session and during the European one, only Italy’s Industrial Production numbers are being published.
During the US session we have a speech from the BoE in the UK and in the US we have CPI, Inflation Rate YoY, Jobless Claims, Initial Jobless Claims, Continuing Jobless Claims, Inflation Rate MoM, Core Inflation Rate MoM and YoY numbers being released. There will be a speech from the FED and from the BoC in Canada. And at the end of the session, we have the Monthly Budget Statement in the US.
On the last day of the week the US, Belgium and France will be on holiday. During the Asian session, we have Business NZ PMI numbers being published. Throughout the EU session, we have German Inflation Rate YoY and MoM and CPI numbers, UKs Goods Trade Balance, Construction Output YoY, Industrial Production MoM, Manufacturing Production YoY, Balance of Trade, Business Investment QoQ, GDP MoM, GDP 3-Month Avg, GDP Growth Rate YoY and QoQ and Goods Trade Balance Non-Eu numbers released. I must mention that all the data from the UK and Germany will be released at 4 PM Japan Time. The last high-impact news of the day will be the ECB speech and the US Michigan Consumer Sentiment.
I think that most of the Traders will wait to see what happens during the elections. That will be the main event. Other days with high volatility might be on Monday and Wednesday during the Chinese numbers press release. Thursday, during the US Jobless Claims and Inflation numbers and on Friday as well, during the UK and German numbers, we will see some action as well.