7th October 2019 – 11th October 2019
On Monday, the most important speech of the week will be US Fed Jerome Powell who will give us an indication on the current economic conditions of United States & their future outlook. On Tuesday, major highlight for the day will be around Bank of England governor Carney speech which will be giving out a statement on the current Economic Conditions of UK & also their future projection strategies Jerome Powell will conduct few more speeches during this week to give an indication on the current economic stance and future strategies. On Wednesday, the minutes from the September meeting may shed some light on the divisions within the world’s most powerful central bank. The Fed decided to cut rates for the second time in a row and refused to hint more reductions are underway. Three members voted against the majority decision. EUR ECB monetary policy meeting accounts USD consumer price index ex food and energy On Thursday, ECB Monetary Policy Meeting Accounts contain an overview of financial market, economic and monetary developments. 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. The accounts offer a fair and balanced reflection of policy deliberations. The aim is to provide the rationale behind monetary policy decisions and enable members of the public to improve their understanding of the Governing Council’s assessment of the economy and its policy responses in the light of evolving conditions. US Producer Price Index ex Food & energy released measures the average changes in prices in primary markets of the US by producers of commodities in all states of processing. Those volatile products such as food and energy are excluded in order to capture an accurate calculation. On Friday, HICP is an index of consumer prices calculated and published by Destatis, the Statistical Office of the European Union, on the basis of a statistical methodology that has been harmonized across all EU member states. HICP is a measure of prices used by Governing Council of EU to define and assess price stability in the euro area as a whole in quantitative terms Followed by the Michigan Consumer Sentiment Index released by the University of Michigan is a survey of personal consumer confidence in economic activity. It shows a picture of whether or not consumers are willing to spend money. Generally speaking, a high reading anticipates positive (or bullish) for the USD, while a low reading is seen as negativeMonday
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