In This Article:
On the Macro
For the Dollar:
It’s a quieter week ahead on the economic calendar.
September wholesale inflation and inflation figures due out on Tuesday and Thursday will have the greatest influence.
On Tuesday, we can expect some influence from the JOLTs job openings, with quit rates likely to garner particular interest.
At the end of the week, prelim Michigan Consumer sentiment and expectation figures for October will also provide direction.
Outside of the stats, any updates from the resumption of high-level trade talks between the U.S and China will likely overshadow the stats.
There’s also impeachment chatter to consider.
The Dollar Spot Index ended the week down by 0.27% to $98.840.
For the EUR:
It’s also a relatively busy week ahead on the economic data front.
German factory orders, industrial production and trade data due out on Monday, Tuesday and Thursday will direct the EUR.
Finalized inflation figures out of Germany and Spain would likely have a muted impact on the EUR, however.
Expect a strong response from the EUR should the numbers impress. Forecasts are EUR negative.
On the geopolitical front, Brexit will also have an impact in the week.
The EUR/USD ended the week up by 0.35% to $1.0978.
For the Pound:
It’s a busy week ahead on the economic calendar.
Key stats include September’s Retail Sales Monitor and 2nd quarter Labour Productivity on Tuesday. On Thursday, GDP numbers and August industrial and manufacturing production and trade data will also influence.
The markets will likely brush aside house price figures due out on Monday and Thursday.
While we can expect the Pound to be responsive, Brexit and British politics will continue to overshadow the numbers.
The GBP/USD ended the week up by 0.32% to $1.2331.
For the Loonie:
It’s a relatively quiet week ahead on the data front.
Key stats include September employment change numbers and the unemployment rate due out on Friday.
Of less influence through the week is housing sector figures due out on Tuesday and Thursday.
Outside of the numbers, OPEC will also influence with updates from the October meeting likely to move oil prices.
The Loonie ended the week down by 0.51% to C$1.3314 against the U.S Dollar.
Out of Asia
For the Aussie Dollar:
It’s a relatively quiet week ahead.
Key stats include September business confidence and October consumer sentiment figures due out on Tuesday and Thursday.
We can expect the Aussie Dollar to be particularly sensitive to the numbers.
On Thursday, August home loans will also influence, with the RBA looking for continued improvement in the housing sector.