Great Britain will publish the Inflation Rate on October 20, at 09:00 MT time (GMT+3).
Parliamentary Brexit vote may move the GBP
The endless Brexit loop continues to intrigue traders.Today, the main focus will be on the Parliamentary Brexit vote around 20:30 MT. If the deal by the UK PM Boris Johnson gets a good number of votes, the GBP may be supported. Otherwise, if the deal is rejected, the GBP will be under pressure. Reportedly, the second scenario may push Boris Johnson to call for an election. This news will also be negative for the GBP. At the moment, GBP/USD has been going up towards the 1.2985 level on H4. If the pound gets stronger, this level will be broken. Bulls will target the further resistance levels at 1.3011 and 1.3059. In case of a negative scenario, the cable will slide below the 1.29 level. Further support levels will be placed at 1.2864 and 1.2834.
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.
Although Jerome Powell’s speech sounded hawkish on Wednesday, September 22, markets did not get scared and the main stock indices got bought back…
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).