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💱 Target levels and forecast for the week 23.10.23. – 27.10.23.
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In the coming week the focus will be on company reports for the 3rd quarter, economic data and the meeting of ECB and the Bank of Canada. Interest rates are expected to remain unchanged, but the comments could be provocative.
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The trend in the euro and pound will be strongly influenced by PMI data, the German IFO report and the British labour market report.
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The American PCE index is, of course, also interesting, but the GDP data requires much more attention.
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There is a period of silence at the Fed: Powell will only give a lecture on a neutral topic on Wednesday.
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Let’s not forget about geopolitical factors that can break market logic at any moment.
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Recall the fundamental events that you need to pay attention to (GMT 0 time):
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Tue, 24
Earnings Dates & Reports: Microsoft, Alphabet, Visa, Coca-Cola, GE, Verizon, 3M
GBP: Labor market statistics (06:00); Composite, Manufacturing, Services PMI (08:30)
AUD: RBA Assist Gov Bullock Speaks (08:00)
EUR: Manufacturing, Composite, Services PMI (08:00); ECB President Lagarde Speaks (12:30)
USD: Manufacturing, Composite, Services PMI (13:45); API Weekly Crude Oil Stock (20:30)
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Wed, 25
Earnings Dates & Reports: Meta, IBM, Boeing, CME, General Dynamics, KLA, Moody's
AUD: CPI (00:30)
EUR: ECB President Lagarde Speaks (17:00)
USD: Crude Oil Inventories (+Cushing) (14:30); Fed Chair Powell Speaks (20:35)
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Thu, 26
Earnings Dates & Reports: Amazon, Mastercard, Intel, Unilever, Ford
EUR: EU Leaders Summit (10:00); ECB Monetary Policy Statement, Interest Rate Decision (12:15); ECB Press Conference (12:45)
USD: GDP, Trade Balance , Initial Jobless Claims (12:30); Fed Waller Speaks (13:00)
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Fri, 27
Earnings Dates & Reports: Exxon Mobil, Chevron, Colgate, Phillips 66
AUD: PPI (00:30)
EUR: EU Leaders Summit (10:00)
USD: PCE, Core PCE Price Index (12:30)
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For more news − see Economic Calendar.
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Profits to y’all!