The week is bound to start on a quiet note, but it will eventually pick up on Wednesday with reports from Japan and China, and will be capped off with data from Canada and the US on Friday. Check out the details below:
Event: BoJ Monetary Policy Meeting Minutes – Japan
Date: October 8, 2013
Time: 11:50pm (GMT)
What It Is About and Why It’s Important
Although Japan has not raised its interest rates yet, it announced that it would increase its sales tax from 5% to 8% starting April next year. Check out if there are any insights from the BoJ regarding that in this report.
Event: New Loans (September) – China
Date: October 9, 2013
Time: 4:00am (GMT)
What It Is About and Why It’s Important
Previously, China had a total of 711B Yuan loans. An increase in these figures can be positive news on the Chinese economy especially in terms of people’s confidence in the economy.
Event: ECB Monthly Report – EU
Date: October 9, 2013
Time: 9:00am (GMT)
What It Is About and Why It’s Important
Released by the European Central Bank, this report provides an insight on how the ECB views the region’s economic performance as well as potential risks. This is an important report to those trading the euro.
Event: NIESR GDP Estimate (3mo., September) – UK
Date: October 9, 2013
Time: 2:00pm (GMT)
What It Is About and Why It’s Important
This report released by the National Institute of Economic and Social Research provides an estimate of the growth of the UK’s GDP over a three-month period. Typically reliable, this report has a huge influence on the country’s monetary policy.
Event: FOMC Minutes – US
Date: October 9, 2013
Time: 6:00pm (GMT)
What It Is About and Why It’s Important
This report provides an insight on the FOMC’s outlook of the economy, and thus, an important report for those trading the USD.
Event: Employment Data – Australia
Date: October 10, 2013
Time: 12:30am (GMT)
What It Is About and Why It’s Important
This series of employment related reports will indicate, among other things, whether or not Australia’s unemployment rate has increased (currently at 5.8%).
Event: BoE Interest Rate Decision – UK
Date: October 10, 2013
Time: 11:00am (GMT)
What It Is About and Why It’s Important
While no change in the country’s interest rate is expected, the accompanying statement will provide a good insight into the BoE’s outlook on UK’s current economic situation and how it will perform in the near future.
Event: CPI Data - Germany
Date: October 11, 2013
Time: 6:00am (GMT)
What It Is About and Why It’s Important
Germany will release a load of CPI-related data on Friday, including the country’s CPI and harmonised CPI for September on both a MoM and YoY bases, and its wholesale price index for the same period.
Event: Employment Data – Canada
Date: October 11, 2013
Time: 12:30pm (GMT)
What It Is About and Why It’s Important
This report will include the country’s net change in employment, participation rate, and the unemployment for the month of September. From the previous 59.2K, the net change in employment is expected to be at 15.3K, while the unemployment rate is expected to remain at 7.1%.
Event: Employment Data – US
Date: October 11, 2013
Time: n/a
What It Is About and Why It’s Important
Last week’s NFP data wasn’t released due to the ongoing shutdown of the US government. We’ll see if this changes this week. Aside from the NFP, the unemployment rate figures are also expected to be released.
Event: Retail Sales (MoM, September) – US
Date: October 11, 2013
Time: 12:30pm (GMT)
What It Is About and Why It’s Important
This particular report provides an insight on the country’s consumer spending habits, and thus, a higher figure is typically favored than a lower one. It is expected to be as the previous figure which was at 0.2%.
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