NEWS / Foreign Exchange

After G7

Week Ahead 22 Oct to 26 Oct

We have seen the highly volatile makets ahead of G7. USD/CAD hit a new record low at 0.9703 on Monday 15th Oct, while EUR/USD establised a new record high at 1.4319 on Friday 19th Oct, 8:15 GMT. We should keep on paying extra attention to the markets. Although we do not have many economic events during the week (22 Oct to 26 Oct) , several explosive ones are scheduled. We can not afford to miss any of them. Let??s review them all.

On Monday (Oct 22nd ) we have the following events to watch:

• In Germany, Factory orders is a notable event to watch ( previous -0.7%).
• In the UK, Nationwide House Prices are scheduled ( previous 0.7%)

On Tuesday (Oct 23rd ) we have the following events to watch:

• In the Euro-Zone, Industrial New orders ( previous ??“ 4.0%) should be taken into account.
• In the UK, CBI Industrial Trends Orders is a notable event to follow.
• In Canada, Both Retail Sales and Core Retail Sales are remarkable events that may generate high volatility for the CAD. Be aware USD/CAD traders.
• In the US, Richmond Fed Index is an important envent to watch. The index gives inside info on the US economy.
• In Japan, Trade Balance ( previous 1.14T )is a remarkable event to monitor. Be aware JPY traders.

On Wednesday (Oct 24th ) we have the following events to watch:

• In Australia, the CPI is a notable event to follow ( previous 1.2%).
• In the Euro-Zone, PMI is a remarkable event to watch ( previous 53.2), followed by Current Account ( previous 1.7B ).
• In New Zealand, the Reserve bank of New Zealand announces the interest rate decision ( previous 8.25% ) at 20:00 GMT. Be aware NZD traders.

On Tursday (Oct 25th ) we have the biggest day of the week with the following events:

• In Euro-Zone, Ifo business Climate Index ( previous 104.2 ) is a remarkable event to follow.
• In the US, Durable Goods Orders (previous -4.9% ), Core Durable Goods Orders (previous -1.8% ) and New Home Sales ( previous 795K) are the most important events to watch.
• In Japan, Core CPI ( previous -0.1 %) and Industrial production ( previous 3.4% ) are scheduled at 23:50 GMT. Be aware JPY traders. These events may generate a good deal of volatility fo the JPY.

On Friday (Oct 26th ) have the following events to watch:

• In Germany, Consumer confidence is an important event to watch.
• In Switzerland, PPI ( previous 0.3% ) is scheduled at 7:15 GMT.
• In the US, Consumer Sentiment (previous 82.5) is a notable event to follow.