{"id":5841,"date":"2023-10-23T08:45:58","date_gmt":"2023-10-23T08:45:58","guid":{"rendered":"https:\/\/justmarkets.eu\/?p=5841"},"modified":"2023-10-23T08:45:58","modified_gmt":"2023-10-23T08:45:58","slug":"weekly-overview-2023-10-23-5","status":"publish","type":"post","link":"https:\/\/justmarkets.eu\/es\/company\/news\/weekly-overview-2023-10-23-5\/","title":{"rendered":"Week&#8217;s main events (October 23 &#8211; October 27)"},"content":{"rendered":"\r\n<div class=\"ag-base_page ag-m-format-container\">\r\n<h1 class=\"ag-base_title-page\">Week&#8217;s main events (October 23 &#8211; October 27)<\/h1>\r\n<div class=\"ag-analytics-page ag-market-overview-page\">\r\n <p class=\"ag-analytics_text\">\r\nThis week is full of important economic events. The central banks of Europe and Canada will hold monetary policy and interest rate meetings. Australia and Singapore will release new inflation data. Market watchers will also get an update on the state of the US economy, including third-quarter GDP data and the Fed&#8217;s preferred measure of inflation, the core PCE index. All of this will take place against the backdrop of the ongoing reporting season, where Microsoft&#160;(MSFT), Alphabet&#160;(GOOGL), Amazon&#160;(AMZN), Meta Platforms&#160;(META), and Apple&#160;(AAPL) will be reporting this week.\r\n  <\/p>\r\n\r\n\r\n\r\n\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Monday, October&#160;23\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nWeak volatility is forecasted on Monday as no important economic events are expected in the European and American sessions. The only important news will take place in Asia, and it is the Singapore inflation data, which will have an impact on the SGD-Singapore dollar pair and SG20 index.\r\n  <\/div>\r\n\r\n  <div class=\"ag-analytics_title-list__strong\">\r\n    Main events of the day:\r\n  <\/div>\r\n\r\n  <ul class=\"ag-analytics_list\">\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Singapore Consumer Price Index (m\/m) at&#160;08:00&#160;(GMT+3).\r\n    <\/li>\r\n    \r\n  <\/ul>\r\n\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Tuesday,&#160;October&#160;24\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nTuesday will see a lot of statistics on business activity in the manufacturing and services sectors for a number of countries. But the main event on Tuesday will be the UK labor market data, which will be taken into account by the Bank of England when planning monetary policy next month. The British labor market has lost jobs in recent months, and a continuation of this trend could hit the Pound as it increases the risk of recession.\r\n\r\n\r\n\r\n  <\/div>\r\n\r\n   <div class=\"ag-analytics_title-list__strong\">\r\n    Main events of the day:\r\n  <\/div>\r\n\r\n  <ul class=\"ag-analytics_list\">\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Australia Manufacturing PMI (m\/m) at&#160;01:00&#160;(GMT+3);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Australia Services PMI (m\/m) at&#160;01:00&#160;(GMT+3);\r\n\r\n    <\/li>\r\n       <li class=\"ag-analytics_item\">\r\n\u2013 Japan Manufacturing PMI (m\/m) at&#160;03:30&#160;(GMT+3);\r\n    <\/li>\r\n      <li class=\"ag-analytics_item\">\r\n \u2013 Japan Services PMI (m\/m) at&#160;03:30&#160;(GMT+3);\r\n    <\/li>\r\n      <li class=\"ag-analytics_item\">\r\n\u2013 UK Unemployment Rate (m\/m) at&#160;09:00&#160;(GMT+3);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 German Manufacturing PMI (m\/m) at&#160;10:30&#160;(GMT+3);\r\n\r\n    <\/li>\r\n       <li class=\"ag-analytics_item\">\r\n\u2013 German Services PMI (m\/m) at&#160;10:30&#160;(GMT+3);\r\n    <\/li>\r\n      <li class=\"ag-analytics_item\">\r\n\u2013 Australia RBA Gov Bullock Speaks at&#160;11:00&#160;(GMT+3);\r\n    <\/li>\r\n     <li class=\"ag-analytics_item\">\r\n\u2013 Eurozone Manufacturing PMI (m\/m) at&#160;11:00&#160;(GMT+3);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Eurozone Services PMI (m\/m) at&#160;11:00&#160;(GMT+3);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 UK Manufacturing PMI (m\/m) at&#160;11:30&#160;(GMT+3);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 UK Services PMI (m\/m) at&#160;11:30&#160;(GMT+3);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Eurozone ECB President Lagarde Speaks at&#160;15:30&#160;(GMT+3);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 US Manufacturing PMI (m\/m) at&#160;16:45&#160;(GMT+3);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 US Services PMI (m\/m) at&#160;16:45&#160;(GMT+3).\r\n    <\/li>\r\n    \r\n\r\n  <\/ul>\r\n\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Wednesday, October&#160;25\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nOn Wednesday, investors will focus on the Interest Rate Decision from the Bank of Canada (BoC). Markets give only a 15% probability of a rate hike. Inflation continues to fall, with a slowdown in business activity. This puts less pressure on the central bank. Investors should also not miss CPI data in Australia, where inflation is expected to rise slightly from 5.2% to 5.4% year-over-year. This could provide temporary upward momentum for the Aussie dollar. At the end of the trading day, investors should not miss US Fed Chairman Jerome Powell&#8217;s remarks, which may give some clues as to the US Fed&#8217;s future policy.\r\n\r\n  <\/div>\r\n\r\n <div class=\"ag-analytics_title-list__strong\">\r\n    Main events of the day:\r\n  <\/div>\r\n\r\n  <ul class=\"ag-analytics_list\">\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Australia Consumer Price Index (m\/m) at&#160;03:30&#160;(GMT+3);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 German Ifo Business Climate (m\/m) at&#160;11:00&#160;(GMT+3);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 US Building Permits (m\/m) at&#160;15:00&#160;(GMT+3);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 US New Home Sales (m\/m) at&#160;17:00&#160;(GMT+3);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Canada BoC Monetary Policy Report at&#160;17:00&#160;(GMT+3);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Canada BoC Interest Rate Decision at&#160;17:00&#160;(GMT+3);\r\n    <\/li>\r\n       <li class=\"ag-analytics_item\">\r\n\u2013 US Crude Oil Reserves (w\/w) at&#160;17:30&#160;(GMT+3);\r\n    <\/li>\r\n      <li class=\"ag-analytics_item\">\r\n\u2013 Canada BoC Press Conference at&#160;18:00&#160;(GMT+3);\r\n\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Eurozone ECB President Lagarde Speaks at 20:00 (GMT+3);\r\n    <\/li>\r\n  \r\n  <\/ul>\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Thursday, October 26\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nThe European Central Bank meeting will be the key event on Thursday. It is expected that the ECB will take a pause and keep the rate at&#160;4.5%. Traders will also pay special attention to the US GDP data for the third quarter, which is expected to grow by 4.3% y\/y, double the 2.1% in the previous quarter. Against the backdrop of a robust US labor market, GDP growth may increase the likelihood of another rate hike, which could be reflected in a stronger dollar. \r\n\r\n  <\/div>\r\n\r\n <div class=\"ag-analytics_title-list__strong\">\r\n    Main events of the day:\r\n  <\/div>\r\n\r\n  <ul class=\"ag-analytics_list\">\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Australia RBA Gov Bullock Speaks at&#160;01:00&#160;(GMT+3);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Eurozone Monetary Policy Statement at&#160;15:15&#160;(GMT+3);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Eurozone Interest Rate Decision at&#160;15:15&#160;(GMT+3);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 US Initial Jobless Claims (w\/w) at&#160;15:30&#160;(GMT+3);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 US GDP (q\/q) at&#160;15:30&#160;(GMT+3);\r\n    <\/li>\r\n       <li class=\"ag-analytics_item\">\r\n\u2013 US Durable Goods Orders (m\/m) at&#160;15:30&#160;(GMT+3);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Eurozone ECB Press Conference at&#160;15:45&#160;(GMT+3);\r\n    <\/li>\r\n     <li class=\"ag-analytics_item\">\r\n\u2013 US Natural Gas Storage (w\/w) at&#160;17:30&#160;(GMT+3).\r\n    <\/li>\r\n    \r\n  <\/ul>\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Friday, October 27\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nOn Friday, traders should keep an eye on the Fed&#8217;s preferred measure of inflation &#8211; the Personal Consumption Expenditures (PCE) Index. The core index, which excludes volatile food and fuel costs, is forecast to increase by 3.7% on a year-over-year basis. The growth of this indicator will be favorable for the dollar, as a stable level of PCE indicates stable inflation, which means that the US Federal Reserve may go for further tightening. In the Asian session, traders should pay attention to the Tokyo Inflation Rate data, which is a leading indicator of inflation across the country.\r\n\r\n  <\/div>\r\n\r\n  <div class=\"ag-analytics_title-list__strong\">\r\n    Main events of the day:\r\n  <\/div>\r\n\r\n  <ul class=\"ag-analytics_list\">\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Japan Unemployment Rate (m\/m) at&#160;02:30&#160;(GMT+3);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Japan Tokyo Core CPI (m\/m) at&#160;02:30&#160;(GMT+3);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Australia Producer Price Index at&#160;03:30&#160;(GMT+3);\r\n    <\/li>\r\n        <li class=\"ag-analytics_item\">\r\n\u2013 US PCE Price index (m\/m) at&#160;15:30&#160;(GMT+3);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 US FOMC Member Barr Speaks at&#160;16:00&#160;(GMT+3);\r\n\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 US Michigan Consumer Sentiment (m\/m) at&#160;17:00&#160;(GMT+3).\r\n    <\/li>\r\n     \r\n  <\/ul>\r\n\r\n\r\n<p class=\"ag-analytics_text\">by <span class=\"author vcard\"><span class=\"fn\">JustMarkets<\/span><\/span>, <span class=\"updated\">2023.10.23<\/span><\/p>\r\n<!--a href=\"\/analytics\/daily-forecast\" class=\"ag-analytics_link\">\r\n          We advise you to get acquainted with the daily forecasts for the major currency pairs.\r\n        <\/a--> <a class=\"ag-base-btn\" href=\"https:\/\/secure.justmarkets.eu\/es\/register\/?sl=1\">Open Account<\/a><\/div>\r\n<\/div>\r\n\r\n\r\n\r\n<p>&nbsp;<\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>Week&#8217;s main events (October 23 &#8211; October 27) This week is full of important economic events. The central banks of Europe and Canada will hold monetary policy and interest rate meetings. Australia and Singapore will release new inflation data. Market watchers will also get an update on the state of &#8230;<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[346],"tags":[],"class_list":["post-5841","post","type-post","status-publish","format-standard","hentry","category-news"],"featured_image_src":"","blog_images":{"medium":"","large":""},"acf":[],"aioseo_notices":[],"ams_acf":[{"key":"icon","label":"Icon","value":false}],"_links":{"self":[{"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/posts\/5841","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/comments?post=5841"}],"version-history":[{"count":1,"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/posts\/5841\/revisions"}],"predecessor-version":[{"id":5842,"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/posts\/5841\/revisions\/5842"}],"wp:attachment":[{"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/media?parent=5841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/categories?post=5841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/tags?post=5841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}