The week will start out on a fairly quiet note, but will eventually pick up on Tuesday. Most of the data will be particularly focused on those coming from the United States and Germany. Check out the details of this week's upcoming events in the list below:
Event: RBA Governor Glenn Stevens' Speech – Australia
Date: October 28, 2013
Time: 10:30pm (GMT)
What It Is About and Why It’s Important
The week starts off with a speech by RBA Governor Glenn Stevens. Happening on early morning of Tuesday in Australia, expect this event to add some volatility in the market, particularly on the aussie.
Event: Retail Sales (MoM, September) – US
Date: October 29, 2013
Time: 12:30pm (GMT)
What It Is About and Why It’s Important
While the United States will release a number of data on Tuesday, much of the focus would be on its retail sales data for September, as this would provide a good indication on whether or not consumers are starting to spend more. Previous figure was at 0.2%. In September, it is expected to be at 0.1%.
Event: Consumer Confidence (October) – US
Date: October 29, 2013
Time: 2:00pm (GMT)
What It Is About and Why It’s Important
Along with the retail sales data, focus would also be on US Consumer Confidence. From September's 79.7, it is expected to drop several points to 76.5.
Event: Unemployment Rate s.a./Unemployment Change (October) – Germany
Date: October 30, 2013
Time: 8:55am (GMT)
What It Is About and Why It’s Important
Little is expected of Germany's unemployment figures for October, as the s.a. data is expected to remain at 6.9%, while unemployment change is expected to be at a lower 5K compared to the previous 25K.
Event: CPI/CPI Ex Food, Energy (YoY/MoM, September) – US
Date: October 30, 2013
Time: 12:30pm (GMT)
What It Is About and Why It’s Important
The US will pick up the pace of its announcements on Wednesday, starting with its CPI data for September. CPI is expected to come out lower at 1.2% on a YoY basis, and slightly higher at 0.2% on a MoM basis. Meanwhile, YoY CPI Ex Food and Energy is seen to stay at 1.8%, while it is seen to be higher at 0.2% on a MoM basis.
Event: CPI/Harmonised CPI (YoY/MoM, October) – Germany
Date: October 30, 2013
Time: 1:00pm (GMT)
What It Is About and Why It’s Important
Following the US CPI announcement would be Germany, wherein the CPI and Harmonised CPI are expected to remain the same as previous figures on a YoY and MoM bases.
Event: Fed Interest Rate Decision – US
Date: October 30, 2013
Time: 6:00pm (GMT)
What It Is About and Why It’s Important
The Fed will announce its interest rate decision on Wednesday along with other important announcements, including its Pace of Treasury Program and Pace of MBS Purchase Program for October. This event could provide clues on how soon the much-awaited QE tapering would happen.
Event: BoJ Interest Rate Decision – Japan
Date: October 31, 2013
Time: 3:00am (GMT)
What It Is About and Why It’s Important
Japan will cap off its October with its interest rate decision. While no change in the rate is expected, anticipate some volatility in the yen around the time of this announcement.
Event: CPI/CPI - Core (October) – EU
Date: October 31, 2013
Time: 10:00am (GMT)
What It Is About and Why It’s Important
The EU's CPI is expected to be at the same level as September's at 1.1%. Current CPI - Core, meanwhile is at 1%.
Event: NBS/HSBC Manufacturing PMI (Oct) – China
Date: November 1, 2013
Time: 1:00am/1:45am (GMT)
What It Is About and Why It’s Important
Both the NBS and HSBC Manufacturing PMI of China are expected to rise slightly, with the NBS going up from 51.1 to 51.2, while the HSBC is seen to rise from 50.2 to 50.7.
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