Forex Market Economic Calendar for Friday 13th October 2017

posted on

3 min

Today the Forex market economic calendar has mainly US Dollar economic events, and plenty of them, so high volatility is expected for US Dollar currency pairs. There is also the German inflation rate and the report on financial stability from the Reserve Bank of Australia.
These are the major economic events in the forex market for today:

European Session

  1. German Inflation Rate Yearly Final

Time: 06:00 GMT
The inflation rate in Germany on yearly basis is expected to show a stable reading of 1.8%. This can be considered a neutral reading, as high or rising figures indicate inflationary pressures in the German economy, the largest one in the Eurozone, and can prompt the ECB to raise interest rates which is a positive factor for the Euro.

  1. ECB Constancio Speech

Time: 14:15 GMT
A speech by the Vice-President of the ECB is both important and influential on the Euro.

American Session

  1. Fed Officials Speeches

Time: 01:15 GMT, 12:30 GMT, 14:25 GMT, 15:30 GMT, 17:00 GMT
The forex market participants will weigh on any new or updated statements about US economic developments.

  1. G20 Finance Ministers and CB Governors Meeting, IMF/World Bank Annual Meetings

Time: 12:00 GMT
Important global economic developments, insights on global financial issues, such as monetary policy, financial stability, economic growth.

  1. US Inflation Rate Yearly, Core Inflation Rate Yearly, and Retail Sales Ex Autos Monthly

Time: 12:30 GMT
The US inflation rate on yearly basis is expected to show a reading of 2.3%, an increase from the previous reading of 1.9%, while core inflation which excludes volatile energy and food prices is also expected to show an increase to 1.8%, up from the previous reading of 1.7%. High or rising readings for the inflation rate may prompt the Fed to raise interest rates before the end of the year, which is positive for the US Dollar. Any surprise, especially with a higher than expected reading, could strengthen the US Dollar against other currencies. Also retail sales excluding autos are expected to increase on a monthly basis to 0.3%, up from the previous reading of 0.2%, which can also lead to the appreciation of the US Dollar, reflecting higher consumer spending and future economic growth.

  1. Michigan Consumer Sentiment Preliminary

Time: 14:00 GMT
The University of Michigan Confidence survey is an important indicator about consumer confidence, with high or rising figures reflecting increased consumer confidence and higher future economic growth, in terms of GDP measurement, a positive factor for the US Dollar. For October the forecast is for a reading of 95.0, marginally lower than the previous reading of 95.0.

  1. US Business Inventories Monthly

Time: 14:00 GMT
Business inventories on a monthly basis measure the unsold inventories of goods by businesses, with a lower than expected reading being positive for the US Dollar, reflecting a strong demand by consumers. In general low levels of inventory indicate a strong economy with increased spending, which leads to higher levels of GDP. The forecast is for a figure of 0.7%, higher than the previous figure of 0.2%.

Pacific Session

  1. Reserve Bank of Australia Financial Stability Review

Time: 00:30 GMT
This is a review on the current condition of the financial system and potential risks to financial stability, issued twice per year. Financial stability is a major priority for almost all central banks, so statements, information and updated policies, decisions on monetary policy and financial stability have certainly a lot of influence on the economy of Australia and can move the Australian Dollar.
[cta_en link=”http://bit.ly/2w6LBL6″ name=”Trade now”][/cta_en]

general risk warning

CFDs are complex instruments and entail a high risk of losing money rapidly due to leverage.

79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

NOTE: This article is not an investment advice. Any references to historical price movements or levels are informational and based on external analysis and we do not warranty that any such movements or levels are likely to reoccur in the future. Information regarding past performance is not a reliable indicator of future performance. Forecasts are not a reliable indicator of future performance. In accordance with European Securities and Markets Authority's (ESMA) requirements, binary and digital options trading is only available to clients categorized as professional clients.

share

you may also like