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π± Target levels and forecast for the week 09.10. β 13.10.
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Military conflict in the Middle East is shifting the focus to geopolitical risks, but the publication of statistics has not yet been cancelled. The US PPI inflation report will appear on Wednesday and will take over some of the investor activity, so the reaction to the CPI data may be weak.
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The Fed's minutes are expected to be pessimistic, but they are already outdated.
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China will add positivity to Asian markets thanks to an improvement in the situation with its developers and preparations for the Biden-Xi meeting in November.
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On Friday, several major banks will open a new reporting period for US companies.
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The annual conferences of the IMF and World Bank will be held in Marrakech from Monday to Friday; The main topic of discussion is how to regain control of inflation without plunging large economies into crisis. We recommend following the comments of politicians and central bankers. Tomorrow the IMF's World Economic Prospects report will be published - it should be interesting.
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Recall the fundamental events that you need to pay attention to (GMT 0 time):
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USD, EUR: International Monetary Fund Meetings 09.10 -12.10
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Tue, 10
EUR: Lagarde Speaks (12:00)
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Wed, 11
USD: PPI (12:30); EIA Short-Term Energy Outlook (16:00); FOMC Meeting Minutes (18:00); API Weekly Crude Oil Stock (20:30)
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Thu, 12
GBP: GDP, Industrial Production, Trade Balance (06:00)
EUR: ECB Publishes Account Meeting (11:30)
USD: IEA Report (08:00); OPEC Report (11:00); CPI, Core CPI, Initial Jobless Claims (12:30); Crude Oil Inventories (+Cushing) (15:00); WASDE Report (16:00); Federal Budget Balance (16:00)
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Fri, 13
Earnings Dates & Reports: UnitedHealth, JPMorgan, Wells Fargo, BlackRock, Progressive, Citigroup
CNY: CPI, PPI (01:30); Exports, Imports, Trade Balance (03:00)
GBP: BoE Gov Bailey Speaks (08:00)
EUR: Lagarde Speaks (13:00)
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For more news β see Economic Calendar.
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Profits to yβall!