The week ahead: FOMC Meeting Minutes & ECB President Draghi speech

9th October 2017 – 13th October 2017

Monday

• CNY Caixin China Services PMI (Sep)

On Monday, there are no major events or indicators on the economic calendar. It would be a quiet day since US market is closed due to Colombus Day, Canada market is closed due to Thanksgiving day, Japan Market is closed due to Health-sports day.

Tuesday

• EUR Exports, Imports, Trade Balance, Current account reports (Aug) will be released from Germany
• GBP Manufacturing & Industrial Production (YoY) (Aug)

On Tuesday, Germany is going to release some reports and UK will also release some economic sentiments. It is a normal day and investors expect minor volatile market for euros and GBP.

Wednesday

• USD FOMC Meeting minutes

On Wednesday, FOMC meeting minutes will be released in the late evening. It is a big event of the day and investors expect a lot of volatility in the market.

Thursday

• ECB President Draghi’s speech
• EUR Industrial Production report
• AUD Consumer Inflation Expectation (Oct)
• USD Continuing Jobless Claims, Initial Jobless Claims

On Thursday, Firstly, ECB President Draghi’s speech that contains an overview of financial market, economic and monetary developments, interest rate decision. It's followed by a summary of the discussion, in an unattributed form, on the economic and monetary analyses and on the monetary policy stance. Europe zone will release the Industrial production report. Australia will release Consumer Inflation Expectation  (Oct) which moves the AUD.

From US, Jobless Claim is due to be released as they will present the strength in the labor market. A rise in this indicator has negative implications for consumer spending which discourage economic growth.

Friday

• USD Retail Sales (MoM) (Sep)
• USD Consumer Price Index (Sep)

On Friday, whole day is packed with major reports from US.