The week ahead | Investors still reacting to GBP “flash crash”

10th – 14th October

Monday

To start the first week of October, the main focus will be from Switzerland with the latest Unemployment Rate report which is expected to remain stable at its current position. However other reports worth watching are the Euro's October Imports, Exports and the Trade Balance. On the other hand the US markets will be quiet for the week as the United States markets is closed for the day due to the Columbus Day holiday.

• Trade Balance from Britain
• Unemployment Rates from Switzerland
• Import, Export & Trade Balance  from Germany

Tuesday

There will be no top tier data that will be released for the day. There would be a few mid-tier reports coming for the AUD such as the Mid-Year Economic and Fiscal Outlook and the Home Loans. Following short after would be the ZEW Survey for the Economic Sentiment. Finally we have the Labor Market Conditions Index coming from the US

• Mid-Year Economic & Fiscal Outlook from Australia
• Home Loans from Australia
• ZEW Survey – Economic Sentiment from Europe
• Labor Market Conditions Index from US

Wednesday

The day will start with the Industrial Production from Europe that shows the volume of production of industries such as factories and manufacturing. The major report for the day would be the FOMC Minutes report which assesses the risks to its long-run goals of price stability and sustainable economic growth which will be released by the Board of Governors of the Federal Reserve. Finally the day will end with the RICS Housing Price Balance

• Industrial Production from Europe
• FOMC Minutes from US
• RICS Housing Price Index from Britain

Thursday

The focus for the day will be on the EU Extraordinary Economic Summit that will focus on discussion between the Prime Ministers and the Presidents about current problems that is likely to effect the Union. Based on this event the Euro could get a significant boost. There will also be Import and Export Price Index reports coming from US as well as the Initial Jobless Claims report that indicates the number of people who have applied for state unemployment Insurance.

• EU Extraordinary Economic Summit from Europe

• Import & Export Price Index from US
• Initial Jobless Claims from US

Friday

The Highlight of the week’s end would be the speech that will take place in the evening from US by Fed’s Yellen who will cause investors to react and cause currency shifts based on the speech. We will be receiving retail sales reports as well as Reuters/Michigan Consumer Sentiment Index which surveys the consumer confidence in economic activity which is forecasted to rise from 91.2 to 92

• Retail Sales from US
• Reuters/ Michigan Consumer Sentiment Index from US
• Fed’s Yellen Speech