Great Britain will publish the Inflation Rate on October 20, at 09:00 MT time (GMT+3).
An important indicator for the USD strength
The level of non-manufacturing PMI for the United States by the Institute of Supply Management will be published at 17:00 MT time on February 5.
Instruments to trade: EUR/USD, USD/JPY, GBP/USD
The indicator represents the index based on the survey of about 400 purchasing managers, which asks respondents to rate the level of business conditions. The indicator above 50 shows the optimistic conditions of the economy, while the indicator below 50 signals about the contraction. Last time the index reached the 55 level, outperforming the analysts' expectations of 54.5. This was the natural reaction to the optimism surrounding the US-China phase one trade deal. However, with the new challenges the global economy is facing right now, we may expect this optimism to be short-lived. So, will we see a different outcome this time?
• If the indicator is higher than the forecasts, the USD will rise;
• If the indicator is lower than the forecasts, the USD will fall.
Reserve Bank of New Zealand (RBNZ) will reveal Official Cash Rate and make a statement about monetary policy on October 6, 04:00 GMT+3.
United States Institute for Supply Management (ISM) will release services Purchasing Managers' Index (PMI) on October 5, 17:00 GMT+3.
Last week was full of surprises! Stock indices have shown significant growth…
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.
Canada will publish the Retail Sales and Core Retail Sales on October 22, at 15:30 MT time (GMT+3).