{"id":9551,"date":"2024-10-14T06:21:50","date_gmt":"2024-10-14T06:21:50","guid":{"rendered":"https:\/\/justmarkets.eu\/?p=9551"},"modified":"2024-10-14T06:21:51","modified_gmt":"2024-10-14T06:21:51","slug":"weekly-overview-2024-10-14","status":"publish","type":"post","link":"https:\/\/justmarkets.eu\/pt\/analytics\/weekly-overview-2024-10-14\/","title":{"rendered":"Week&#8217;s main events (October 14 \u2013 October 18)"},"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 14 \u2013 October 18)<\/h1>\r\n<div class=\"ag-analytics-page ag-market-overview-page\">\r\n<p class=\"ag-analytics_text\">Also, the focus for investors will be on the consumer price index in the major economies (Eurozone, United Kingdom, Canada, New Zealand, and Japan). The European Central Bank will hold a monetary policy meeting, where further rate cuts are expected. There will also be plenty of economic statistics on China, with Q3 GDP data worth a special look. Geopolitical tensions will also remain at the forefront this week. Any hints of further escalation of the conflict in the Middle East will directly impact the US dollar, gold, and oil prices. Investors should also remember the 3rd quarter US earnings season.<\/p>\r\n<div class=\"ag-analytics_title\">Monday, October 14<\/div>\r\n<div class=\"ag-analytics_title-list\">Weak volatility is expected on Monday due to a bank holiday weekend in the United States, Canada, and Japan. In the European session, it is better to look closer at the pairs with the Swiss franc, as the report on industrial inflation will be published.<\/div>\r\n<div class=\"ag-analytics_title-list__strong\">Main events of the day:<\/div>\r\n<ul class=\"ag-analytics_list\">\r\n<li>\u2013 China Trade Balance (m\/m) at 06:00 (GMT+3);<\/li>\r\n<li>\u2013 Switzerland Producer Price Index (m\/m) at 09:30 (GMT+3);<\/li>\r\n<li>\u2013 US FOMC Member Kashkari Speaks (m\/m) at 16:00 (GMT+3).<\/li>\r\n<\/ul>\r\n<div class=\"ag-analytics_title\">Tuesday, October 15<\/div>\r\n<div class=\"ag-analytics_title-list\">On Tuesday, the main event of the day will be the inflation data in Canada. The overall inflation rate is expected to remain at 2.0%, while core inflation is also at 1.5%. Any downside inflation surprise will pressure the Canadian dollar and vice versa. Also, traders shouldn\u2019t miss the UK labor market data, which the Bank of England will scrutinize to plan the future trajectory of interest rates. A strong labor market will positively impact the pound sterling, as it allows the Bank of England to pause at the next meeting.<\/div>\r\n<div class=\"ag-analytics_title-list__strong\">Main events of the day:<\/div>\r\n<ul class=\"ag-analytics_list\">\r\n<li>\u2013 UK Unemployment Rate (m\/m) at 09:00 (GMT+3);<\/li>\r\n<li>\u2013 German ZEW Economic Sentiment (m\/m) at 12:00 (GMT+3);<\/li>\r\n<li>\u2013 Eurozone ZEW Economic Sentiment (m\/m) at 12:00 (GMT+3);<\/li>\r\n<li>\u2013 Eurozone Industrial Production (m\/m) at 12:00 (GMT+3);<\/li>\r\n<li>\u2013 Canada Consumer Price Index (m\/m) at 15:30 (GMT+3);<\/li>\r\n<li>\u2013 US NY Empire State Manufacturing Index (m\/m) at 15:30 (GMT+3);<\/li>\r\n<li>\u2013 US FOMC Member Daly Speaks (m\/m) at 18:30 (GMT+3).<\/li>\r\n<\/ul>\r\n<div class=\"ag-analytics_title\">Wednesday, October 16<\/div>\r\n<div class=\"ag-analytics_title-list\">On Wednesday, all investors will be focused on the UK and New Zealand inflation data. Analysts forecast the UK&#8217;s overall inflation rate to hit its target of 2.0%, while core inflation (which excludes food and energy prices) will fall slightly from 3.6% to 3.5%. Any sign of inflation resilience will prove positive for GBP. New Zealand publishes inflation data once a quarter, not once a month like other countries. Analysts expect inflation to fall from 3.3% to 2.0% yearly, increasing the probability that the RBNZ will cut the rate by 0.5% again at the next meeting. This would be negative for the NZD.<\/div>\r\n<div class=\"ag-analytics_title-list__strong\">Main events of the day:<\/div>\r\n<ul class=\"ag-analytics_list\">\r\n<li>\u2013 New Zealand Consumer Price Index (q\/q) at 00:45 (GMT+3);<\/li>\r\n<li>\u2013 UK Consumer Price Index (m\/m) at 09:00 (GMT+3);<\/li>\r\n<li>\u2013 UK Producer Price Index (m\/m) at 09:00 (GMT+3);<\/li>\r\n<li>\u2013 Eurozone ECB President Lagarde Speaks at 21:40 (GMT+3).<\/li>\r\n<\/ul>\r\n<div class=\"ag-analytics_title\">Thursday, October 17<\/div>\r\n<div class=\"ag-analytics_title-list\">On Thursday, investors will focus on the ECB&#8217;s monetary policy meeting. A rate cut at this meeting is a done deal and is likely already priced in. Therefore, it is worth focusing on the politicians&#8217; plans for the next December meeting. A hint of another rate cut will put pressure on the euro. If the politicians refrain from forecasting, the euro may benefit from it. In the US session, traders will await the US retail sales report. A strong report almost always supports the dollar. But this time, a modest 0.3% increase is expected. It should also be noted that the reports on crude oil and natural gas inventories will be released 30 minutes apart due to a day off at the beginning of the week.<\/div>\r\n<div class=\"ag-analytics_title-list__strong\">Main events of the day:<\/div>\r\n<ul class=\"ag-analytics_list\">\r\n<li>\u2013 Japan Trade Balance (m\/m) at 02:50 (GMT+3);<\/li>\r\n<li>\u2013 Australia Unemployment Rate (m\/m) at 03:30 (GMT+3);<\/li>\r\n<li>\u2013 Eurozone Consumer Price Index (m\/m) at 12:00 (GMT+3);<\/li>\r\n<li>\u2013 Eurozone ECB Interest Rate Decision at 15:15 (GMT+3);<\/li>\r\n<li>\u2013 Eurozone ECB Monetary Policy Statement at 15:15 (GMT+3);<\/li>\r\n<li>\u2013 US Retail Sales (m\/m) at 15:30 (GMT+3);<\/li>\r\n<li>\u2013 US Initial Jobless Claims (w\/w) at 15:30 (GMT+3);<\/li>\r\n<li>\u2013 US Philadelphia Fed Manufacturing Index (m\/m) at 15:30 (GMT+3);<\/li>\r\n<li>\u2013 Eurozone ECB Press Conference at 15:45 (GMT+3);<\/li>\r\n<li>\u2013 US Industrial Production (m\/m) at 16:15 (GMT+3);<\/li>\r\n<li>\u2013 US Natural Gas Storage (w\/w) at 17:30 (GMT+3);<\/li>\r\n<li>\u2013 US Crude Oil Reserves (w\/w) at 18:00 (GMT+3);<\/li>\r\n<li>\u2013 US FOMC Member Goolsbee Speaks (m\/m) at 18:00 (GMT+3).<\/li>\r\n<\/ul>\r\n<div class=\"ag-analytics_title\">Friday, October 18<\/div>\r\n<div class=\"ag-analytics_title-list\">The main event to watch on Friday is the Japan National Consumer Price Index. Economists forecast inflation to fall from 2.8% to 2.3% annually. This will be extremely negative for the JPY, as it will put the Bank of Japan further away from the process of normalization of monetary policy. Also, a batch of economic data from China will be released on Friday. China&#8217;s third-quarter GDP data will be the main report. Policymakers expressed confidence in achieving the target annual growth rate of around 5% despite a weak second quarter and expectations of a slight improvement in the third quarter. Several speeches by FOMC officials are expected, which may cause an increase in volatility in US indices.<\/div>\r\n<div class=\"ag-analytics_title-list__strong\">Main events of the day:<\/div>\r\n<ul class=\"ag-analytics_list\">\r\n<li>\u2013 Japan National Consumer Price Index (m\/m) at 02:30 (GMT+3);<\/li>\r\n<li>\u2013 China GDP (q\/q) at 05:00 (GMT+3);<\/li>\r\n<li>\u2013 China Retail Sales (m\/m) at 05:00 (GMT+3);<\/li>\r\n<li>\u2013 China Industrial Production (m\/m) at 05:00 (GMT+3);<\/li>\r\n<li>\u2013 China Unemployment Rate (m\/m) at 05:00 (GMT+3);<\/li>\r\n<li>\u2013 UK Retail Sales (m\/m) at 09:00 (GMT+3);<\/li>\r\n<li>\u2013 US Building Permits (m\/m) at 15:30 (GMT+3);<\/li>\r\n<li>\u2013 US FOMC Member Bostic Speaks (m\/m) at 16:30 (GMT+3);<\/li>\r\n<li>\u2013 US FOMC Member Kashkari Speaks (m\/m) at 17:00 (GMT+3).<\/li>\r\n<\/ul>\r\n<p class=\"ag-analytics_text\">by <span class=\"author vcard\"><span class=\"fn\">JustMarkets<\/span><\/span>, <span class=\"updated\">2024.10.14<\/span><\/p>\r\n<!--a href=\"\/analytics\/daily-forecast\" class=\"ag-analytics_link\">\r\nWe 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\/pt\/register\/?sl=1\">Open Account<\/a><\/div>\r\n<\/div>\r\n\r\n\r\n","protected":false},"excerpt":{"rendered":"<p>Week&#8217;s main events (October 14 \u2013 October 18) Also, the focus for investors will be on the consumer price index in the major economies (Eurozone, United Kingdom, Canada, New Zealand, and Japan). The European Central Bank will hold a monetary policy meeting, where further rate cuts are expected. There will &#8230;<\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[191,334,340],"tags":[],"class_list":["post-9551","post","type-post","status-publish","format-standard","hentry","category-analytics","category-market-overview","category-weekly-overview"],"featured_image_src":"","blog_images":{"medium":"","large":""},"acf":[],"aioseo_notices":[],"ams_acf":[{"key":"icon","label":"Icon","value":false}],"_links":{"self":[{"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/posts\/9551","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/comments?post=9551"}],"version-history":[{"count":2,"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/posts\/9551\/revisions"}],"predecessor-version":[{"id":9563,"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/posts\/9551\/revisions\/9563"}],"wp:attachment":[{"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/media?parent=9551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/categories?post=9551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/tags?post=9551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}