Last week saw the US government finally end a two-week fiscal impasse that helped boost the greenback. In comparison, however, this week will be a fairly quiet one, with news coming mainly from the UK, Japan, Canada, and Australia. Check out the details below on what’s happening this week:
Event: Consumer Price Index (YoY/QoQ, Q3) – AustraliaDate: October 23, 2013 Time: 12:30am (GMT)
What It Is About and Why It’s Important
The aussie has had a good run last week particularly against the greenback. We’ll see if it maintains its rise as Australia releases its CPI figures on Wednesday. Its current CPI is at 2.4% on a YoY basis.
Event: Bank of England Minutes – UK Date: October 23, 2013 Time: 8:30am (GMT)
What It Is About and Why It’s Important
If you’re trading the pound, be sure to catch this event as this will give you an insight on how the BoE views the current economy and how it will perform in the near-term.
Event: BoC Interest Rate Decision/Rate Statement – Canada Date: October 23, 2013Time: 1:00pm (GMT)
What It Is About and Why It’s Important
While there are no indicators that the Bank of Canada will make changes to its rates soon, the statement will be important for traders to view the BoC’s outlook on the economy.
Event: National CPI/National CPI Ex Food, Energy/National CPI Ex-Fresh Food (YoY, September) – Japan Date: October 24, 2013 Time: 11:30pm (GMT)
What It Is About and Why It’s Important
Happening in Japan on Friday morning, this report will provide CPI-related data on the country. Its current National CPI is at 0.9%, while the NCPI ex food and energy is at -0.1%, while the NCPI ex fresh food is at 0.8%.
Event: GDP (YoY/QoQ, Q3) – UK Date: October 25, 2013 Time: 8:30am (GMT)
What It Is About and Why It’s Important
The GDP is one of the major indicators of how a country’s economy performs. In the case of the UK, it is currently up from 0.7% on a QoQ basis, while it is also up by 1.3% on a YoY basis.
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