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💱 Target levels and forecast for the week 16.10. – 20.10.
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We remind you: that geopolitics continues to influence the market, and force majeure can break any forecast.
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Powell will speak at the Economic Club of New York luncheon on Thursday, one day before the quiet period begins before the November 1 meeting, so we recommend listening closely.
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Investors' attention will be focused on US retail sales data and $&P500 company reports.
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British reports will have a direct impact on the dollar trend.
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In Asia, positive signals may appear if rumours about the creation of a stabilization fund in China to support the stock market are confirmed. China's economic reports on GDP and inflation will adjust investors' views on global economic growth and influence overall risk appetite.
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Recall the fundamental events that you need to pay attention to (GMT 0 time):
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Tue, 17
Earnings Dates & Reports: J&J, BofA, Lockheed Martin. Goldman Sachs, Interactive Brokers, Bank of NY Mellon
GBP: Labor market statistics (06:00)
USD: Retail Sales (12:30); Industrial Production (13:15); API Weekly Crude Oil Stock (20:30)
EUR: ZEW Economic Sentiment (09:00)
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Wed, 18
Earnings Dates & Reports: Tesla, Volvo, Procter&Gamble, ASML, Netflix, Abbot labs, SAP, Morgan Stanley, Lam Research
CNY: GDP, Industrial Production, Unemployment Rate, NBS Press Conference (02:00)
GBP: CPI, PPI (06:00)
EUR: CPI (09:00)
USD: Crude Oil Inventories (14:30); Beige Book (18:00)
JPY: Exports, Trade Balance (23:50)
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Thu, 19
Earnings Dates & Reports: TSMC, Nestle, L'Oreal, Roche, Phillip Morris, AT&T
AUD: Labor market statistics (00:30)
USD: Initial Jobless Claims (12:30); Fed Chair Powell Speaks (16:00)
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Fri, 20
Earnings Dates & Reports: American Express, Schlumberger
CNY: PBoC Loan Prime Rate (01:15)
GBP: Retail Sales (06:00)
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For more news − see Economic Calendar.
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Profits to y’all!