The week to come – The BoC and the ECB to fight inflation in monetary policy decisions…

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On the macro

It’s another busy week on the economic calendar, with 56 statistics in the spotlight during the week ending 29e October. During the previous week, 61 statistics had been finalized.

For the dollar:

At the start of the week, the consumer confidence figures for October will be decisive.

The focus will then be on durable and basic goods orders, expected on Wednesday.

Thursday 3rd Quarterly GDP and jobless claims will also have a lot of influence heading into a busy Friday.

At the weekend, inflation, personal spending, the Chicago PMI and final consumer confidence numbers are expected.

Expect inflation and personal spending numbers to be the main areas of focus.

The big question of the week will be whether the FED should provide more than just a reduction …

In the week ending 22sd October, the US dollar index fell 0.31% to 93.642.

For the euro:

It’s a busier week on the economic data front.

At the start of the week, German business sentiment figures for October will be the focus of attention.

German unemployment and inflation will attract a lot of interest on Thursday ahead of Friday’s GDP figures.

3rd quarterly GDP figures for France, Germany, Spain and the eurozone are expected. Expect GDP numbers for France, Germany, and the Eurozone to be key.

Preliminary inflation figures for October will also be on the agenda on Friday following the ECB press conference. Transient or sticky?

On the monetary policy front, the ECB is also in action on Thursday. Markets will be looking for a decision on tapering and forward guidance on the economy and interest rates.

For the week, the EUR rose 0.36% to $ 1.1643.

For the pound:

It’s a particularly quiet week ahead on the economic calendar.

There are no significant statistics outside of the UK to give direction to the pound.

Although there are no statistics, the comments of MPC members and the fall budget will generate a lot of interest …

The Grind ended the week up 0.03% to $ 1.3755.

For the loonie:

It’s a relatively busy week ahead on the economic calendar. At the end of the week, the GDP and RMPI figures will be the center of attention.

On the monetary policy front, however, the BoC’s monetary policy decision on Wednesday will be the main event.

The loonie ended the week up 0.01% to C $ 1.2367 against the US dollar.

Outside of Asia

For the Australian dollar:

It’s the busy week ahead.

Wednesday and Friday inflation figures and wholesale inflation for the 3rd quarter will be the center of attention.

At the end of the week, however, September’s retail sales figures will also be decisive.

The Australian dollar ended the week up 0.61% to $ 0.7466.

For the Kiwi-dollar:

It’s another quiet week to come.

September’s trade data will be the center of attention on Wednesday.

Expect a pickup in exports to give the Kiwi dollar a boost.

The Kiwi-dollar ended the week up 1.27% to $ 0.7157.

For the Japanese yen:

Retail sales figures will be the center of attention on Thursday, ahead of inflation and industrial production figures on Friday.

However, don’t expect too much influence on the yen.

On the monetary policy front, the BoJ is in action on Thursday, but no surprises are expected.

The Japanese Yen rose 0.63% to 113.50 against the US dollar.

Outside of china

It’s a quiet week ahead on the economic calendar.

There are no important statistics that could influence market risk sentiment during the week.

The Chinese yuan ended the week up 0.79% to CNY 6.385 against the US dollar.

Geopolitics

Nothing new to consider in the coming week, with China and Capitol Hill continuing to be the primary area of ​​focus.

This item was originally posted on FX Empire

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