- Summary:
- This article presents the key economic indicators and news events for the week to watch out for on the Economic Calendar.
Some key economic indicators and news events are expected this week, and these are the ones to tick off on your Economic Calendar. Monday already saw the release of the barometers of economic activity in the manufacturing and services sectors in France and Germany. The key PMI data disappointed to the downside as has been the trend in the last few months. This triggered an early London session slide in the EURUSD.
Tuesday
On Tuesday, the CB Consumer Confidence data will be released at 2pm GMT. This will however be preceded by key statements from the central bank chiefs of Japan and Australia. BoJ Chief Haruhiko Kuroda is to speak at a business meeting in Osaka, while the RBA’s Philip Lowe will deliver a paper titled: “An Economic Update” at the Armidale Business Chamber Dinner, in New South Wales. This speech will be watched closely given the recent dovish statement from the RBA which has heightened expectations of a rate cut.
Wednesday
Top of the list on Wednesday’s economic indicators is the RBNZ OCR decision and rate statement at 2am GMT. The Fed Reserve Bank of Chicago President Charles Evans will also give a speech at 12 noon GMT about monetary policy and economic outlook at the Lake Forest Rotary Club. He is expected to take questions from the audience, and some of his comments may assume relevance in the context of any future rate decisions by the Fed. His colleague at the Kansas Reserve Bank, Esther George, will also be testifying in front of the Senate Banking Committee two hours later.
Thursday
Speeches by the BoE Governor and ECB President will be preceded by the release of the final quarterly GDP data from the US Bureau of Economic Analysis. Other news events which will have minimal market impact are the data on:
- Weekly initial jobless claims
- August pending home sales,
- September Kansas City Fed manufacturing activity
Friday
The Core Durable Goods and monthly Personal Spending data from the US at 12.30pm GMT will top other economic calendar events such as UK September GfK consumer confidence, China August industrial profits, final September consumer confidence and speeches from a number of central bankers from the BoE and ECB.
Mark these events on your Economic Calendar and watch out for trading opportunities as they arise.