The US dollar is heading to close the seventh day in the red as it remains under selling pressure. The US data at 15:30 GMT+3 (jobless claims and Philly Fed Manufacturing Index) may support the greenback if it's strong.
5 important events this week will bring us!
- Canadian GDP (Tue, 15:30 MT (12:30 GMT)) – According to analysts, the indicator will advance by 0.1%. If the actual level is higher than the forecasts, the CAD will go up.
- US ISM manufacturing PMI (Tue, 17:00 MT (14:00 GMT)) – Analysts expect the level of PMI to reach 50.4 points. Higher figures will push the USD up.
- Australian retail sales (Fri, 4:30 MT (1:30 GMT)) – Analysts anticipate the level of retail sales to advance by 0.5%. Higher-than-expected figures will boost the US dollar.
- Canadian trade balance (Fri, 15:30 MT (12:30 GMT)) – The difference in value between imported and exported goods are expected to remain at the same level of -1.1 billion dollars. If the actual level is higher, the CAD will be supported.
- US jobs data (Fri, 15:30 MT (12:30 GMT)) – NFP is forecast to increase by 140 thousand jobs, while the unemployment rate will likely remain at the same level and the level of average hourly earnings is forecast to decline by 0.3%. If NFP and average hourly earnings are higher and the unemployment rate is lower than the forecasts, it will make the USD rise.
Canada will publish the Retail Sales and Core Retail Sales on October 22, at 15:30 MT time (GMT+3).
The United States will release the weekly Unemployment Claims on October 21, at 15:30 MT time (GMT+3).
What will happen? ECB will report its Monetary Policy statement at 14:45 MT (GMT+3) on Thursday, October 28…
What will happen? BOC will report its Monetary Policy statement at 17:00 MT (GMT+3) on Wednesday, October 27…
What will happen? Australian Bureau of Statistics will announce Core PCE Price Index at 03:30 MT (GMT+3) on Wednesday, October 27…