David Morrison  |  29/10/2018 08:00
Here’s a look at the economic calendar for the rest of the week.
 
On Wednesday the Bank of Japan kept its key interest rate unchanged at minus 10 basis points and its target for 10-year JGBs unchanged at zero. The Nikkei closed 2% higher while the yen was pretty much unchanged in the session.
 
Euro zone CPI came in as expected, rising 2.2% from the same period last year. The euro remains under pressure following weaker-than-expected third quarter economic growth. There’s also the ongoing face-off between the Italian coalition government and the European Commission over Italy’s planned spending and tax cuts.
 
On Thursday we have the latest Bank of England rate decision and inflation report. The MPC is expected to keep the Bank Rate unchanged at +0.75%
BoE governor Mark Carney will then hold a press conference and this should see a pick-up in British pound volatility.
 
On Friday we have the latest US Non Farm Payroll release. Traders will be keeping a very close eye on Avergage Hourly Earnings for any further signs of inflation-boosting wage increases.
 
Next week we have a rate decision from the Reserve Bank of Australia and employment data from New Zealand.
This will keep both the Aussie and Kiwi currencies in focus.
 
The technical outlook suggests the dollar bull market is alive although its looking a bit overbought at current levels. However,  President Trump’s threat of increased tariffs on US imports from China could trigger further weakness across global equity markets, particularly if the dolar/yuan rate breaks above 7.

Have a great week.

Other Weekly Views

  • Is The Worst Over For EURUSD ?
    David Morrison

    Last week saw the release of yet more dismal economic data from Euro zone.

  • Fed confirms dovish pivot
    David Morrison

    But markets confused after strong data

  • Federal Reserve and Non-Farm Payrolls in focus
    David Morrison

    Busy week ahead

  • Chinese growth slows
    David Morrison

    China’s GDP growth continues to slow while there’s no breakthrough on trade talks with the US. Investors look ahead to monetary policy meetings from the Bank of Japan and European Central Bank

  • Sterling steady ahead of vote
    David Morrison

    Sterling has managed to hold on to last week's gains ahead of Tuesday's key Brexit vote. Meanwhile, gold is back in favour with investors

  • Powell responds to market volatility
    David Morrison

    US/China trade talks, strong payrolls and dovish comments from Fed Chairman Jerome Powell lifts equities and US Treasury yields while dollar slips

  • Dollar strong as 2019 gets underway
    David Morrison

    The first trading day of the New Year has seen the US dollar soar and equities decline. Meanwhile, gold seems to be back in favour with investors

  • Key Week Kicks Off
    David Morrison

    The US Federal Reserve meets on Wednesday and is expected to raise its Fed Funds rate by 25 basis points

  • Brexit Vote; Is it End or Just the Beginning ?
    David Morrison

    After five days of intense debate, on Tuesday the UK Parliament will vote on the withdrawal bill negotiated between the United Kingdom and the European Union.

  • Busy Week Ahead
    David Morrison

    On Saturday we heard that the US and China had managed to reach a tentative agreement over trade. As a result, President Trump has said that tariffs on Chinese imports to the US will stay at 10% for the next 90 days instead of being raised to 25% on January 1st as previously threatened

  • Fed Speaks Markets React
    David Morrison

    European and US equities were sharply higher early Monday. Investors were cheered by an apparent thaw in EU-Italian relations, a recovery in oil and hopes of a US/China trade breakthrough

  • Stock indices bounce back
    David Morrison

    European and US equities were sharply higher early Monday. Investors were cheered by an apparent thaw in EU-Italian relations, a recovery in oil and hopes of a US/China trade breakthrough

  • Trump administration will struggle to push through further tax reductions
    David Morrison

    Early last week the dollar came under selling pressure as traders expressed their uncertainty ahead of the US midterm elections. It continued to weaken after the Republicans increased their majority in the Senate, but lost control of the House of Representatives.

  • US dollar lost ground as November began
    David Morrison

    After a dismal performance in October, last week saw gobal equity markets rally sharply into the month-end.

  • ECB Takes Centre Stage
    David Morrison

    The US dollar continues to be in demand as investors look for safe-havens amid the carnage in global equity markets.

Show More Other Weekly Views

Sentiment

Open a Demo Account Open A Live Account

Losses can exceed deposits

Market Insight's Views

Market Insight analyses will provide both fundamental and technical comprehensions on FX
and other asset classes for Market Insight viewers

RISK WARNING

The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice.

If such information is acted upon by you then this should be solely at your discretion and GKFX will not be held accountable in any way.

  • ForexF
  • IndicesI
  • CommoditiesC
        Back

        Login to Market Insight Account

        Your Market Insight account gives you access to the tools that we offer our customers including our
        Technical Studies & Sentiment for your accounts.

        Forgot Password?

        Don't you have a Market Insight account? With a few easy steps you can easily register to Market Insight

        Create a Market Insight's Account

        Your Market Insight account gives you access to the tools that we offer our customers including our Technical Studies & Sentiment for your accounts.

        register_ty

        Thank you!

        Welcome to Market Insight family!

        You have succesfully completed the registration.
        We will send you an e-mail to give you some
        instructions and our Terms and Conditions!
        Our account representatives will be contacting you as
        soon as possible. If you have any further questions
        please do not hesitate to mail us via info@marketinsight.com