The ECB is going to move the euro
The European Central Bank publishes the monetary policy statement alongside with an update on the interest rate on October 29, at 14:45 MT time.
Chinese economy loses some steam as investment surge hits 18-year minimum
On Thursday, China posted a rare flurry of dismal data, including its slowest surge in investment in almost 18 years. It definitely suggests the world's number two economy is currently losing some momentum as borrowing costs go up.
Factory output along with retail sales ascended less than anticipated, although a rebound in property sales as well as construction starts will probably keep China's overall surge relatively firm and conveniently on target ahead of next month’s major leadership reshuffle.
Financial experts had widely expected China's August data to show industrial output as well as retail sales surge accelerated having faded moderately in July. Meanwhile, investment was observed as just marginally softer.
It would have gotten along with a pattern of stronger-than-expected outcomes from China in the first half of 2017 as well as positive surveys on August factory activity.
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The Bank of Canada will publish the rate statement together with the interest rate on October 28, at 17:00 MT time.
USD rose on market uncertainty
The US dollar turned to the upside on Monday. Let's discuss what to expect next from the market.
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The focus of traders’ attention shifted from Brexit and the US stimulus to the coronavirus . The WHO claimed that Europe become the new Covid-19 epicenter.
Is the Canadian economy recovering?
Canada will publish the monthly GDP growth on October 30 at 14:30 MT time.
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