3rd - 7th October
To start the first week of October, the main focus will be from the US with the latest non-farm payrolls report. However other reports worth watching are the RBA’s October monetary policy decision and industrial production numbers out of Germany, France and the UK. On the other hand the Asian markets will be quiet for the week as the Chinese markets is closed for the entire week for the National Day Golden Week holiday. The day will start off with the TD Securities Inflation with the Inflation rates going up by 0.2% which could cause the RBA to hike Interest Rates as a sign of Economic Expansion. Further in the day, Markit Manufacturing PMI reports for USD which is going to be released at 13:45 GMT along with ISM Price Paid and ISM Manufacturing PMI which will be released at 14:00 GMT could decide whether the USD will strengthen or give a competitive edge to its competitors Euros and GBP. The top tier data that will be released for the day is the RBA’s Interest Rate decision and the RBA’s Interest Rate Statement which could cause the AUD to shift either way depending on the outcome of the event. The decision is taken by looking at the TD Securities Inflation report that turned out positive. Next for the day would be Producer Price Index that basically measures the change in prices received by domestic producers of commodities in all stages. The day will start with the market service PMI reports from Spain that captures the business conditions in the manufacturing industry. A few other mid-tier reports will be coming in for the USD which could cause the USD to shift in either direction depending on the outcome of the events. USD ADP Employment Change The focus for the day will be on the ECB’s Monetary Policy Meeting Accounts that will focus on the financial market, economic and monetary developments. Based on this event the Euro could get a significant boost. There will be few other events for the days as well. The Highlight of the week’s end would be the non-farm payroll which shows the jobs created in the non-agriculture businesses which is forecasted to increase by 25k from its previous value of 151k as well as the Unemployment Rate which shows the number of unemployed workers by the total civilian labor force which is expected to have no change from previous numbers which was at 4.9%. The only major report from Britain is the NIESR GDP Estimate which shows the overall growth of the British Economy in the last 3 months. If the reports come out positive, GBP would be getting a significant boost. A few mid-tier reports from Canada will also be released. GBP NIESR GDP Estimate Monday
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