Weekly FX Trade Ideas – Oct 16th 2017

Weekly FX Trade Ideas – Oct 16th 2017
October 13, 2017 forextraderplus
In Weekly Forex Brief

Weekly Market Watch

These are the main points to watch out for this week;

1. China party congress: markets are watching the signals coming out of the central committee this week from  monetary policy, capital controls and China’s debt of 28 trillion US dollars.  Will we see a more hawkish stance or hints of slowing China growth?

2.  Limited UK economic data out this week; but watch for Brexit news and more potential volatility.  Thursday is the big day as China GDP and industrial growth figures are released.

3.  US equities set record highs again on Friday whilst the US dollar was pushed lower after subdued core US inflation figures.   Earnings announcements are commencing this week including Goldman Sachs (GS)Goldman Sachs (GS) Morgan Stanley (MS), IBM, Omnicom and Harley Davidson on Tuesday.

Is the SP500 due a pull back or can equities rally further on the back of US tax cut news and some net positive earning announcements.

4. The Catalan government are being asked what there current stance is on independence.  On Monday they need to either confirm or deny whether they have declared independence to the Spanish government or not.

5. On Sunday, it is the Japanese election.  Shinzo Abe is expected to win.

 

Main Economic Data / Events

Tuesday:

U.K  Consumer Price Index CPI (YoY) (Sep) and UK CPI (MoM)

EUR Consumer Price Index CPI (YoY) (Sep)

BoE Gov Carney Speaks

Wednesday:

ECB President Draghi Speaks  ECB President Draghi Speaks GBP

UK Average Earnings Index +Bonus (Aug)

US Building Permits (Sep)

Thursday:

China GDP (YoY) (Q3)

China Industrial Production (YoY) (Sep)

UK Retail Sales (MoM) (Sep)

Friday:

CAD Core CPI (MoM) (Sep)

CAD Core Retail Sales (MoM) (Aug)

US Existing Home Sales (Sep)

Rumours

 

Risks

  • Catalan govermment
  • Brexit news

Get the FREE Forex Trader Plus 3 DUCKS STRATEGY INDICATOR / SCANNER

DOWNLOAD NOW

More Trading Strategies

Comments (0)

Leave a reply

Your email address will not be published. Required fields are marked *

*