Here’s an overview of the potential FX market movers for Monday, 10th of October.
Trading should be slower than usual as it’s a market holiday in a number of countries, providing traders with a three day weekend in the US, where it’s Columbus Day, Canada due to Thanksgiving and Japan, where it’s Health and Sports Day.
Agenda starts early at 5:45, when Swiss unemployment rate for September will be published. Jobless rate increased slightly in August, from July’s level of 3.3%.
German trade balance for August follows 15 minutes later. Sliding exports dragged surplus lower in July as it returned below the 20 billion mark for the first time in four months.
Italian Industrial Production data for August is out at 8 AM. Production rose in July, wiping out June’s downwardly revised contraction of point 3%.
Euro Zone Sentix Investor Confidence for October will be available at 8:30. Economic expectations continued to improve as both the current situation, as well as expectations have slightly improved. Consequently, the overall index rose from 4.4 points to 5.6 points in September.
UK BRC KPMG Retail Sales Monitor for September is published shortly after 11 PM GMT. Sales were down by point 9% in August, when compared to the same month last year.
Japanese current account for August is up next at ten to midnight. Un-adjusted surplus rose sharply in July, from 974.4 billion Japanese Yen in June, which was still slightly short of market expectations.
A couple of news reports regarding Australian economy are out at a half past midnight, including Housing Finance for August. Home loans dropped by 4.2% in July, wiping out June’s gain of 1.7%.
NAB Business confidence for September is the other item scheduled at this time. The business confidence index rose by 2 points to +6 in August as the RBA’s 25 basis point cut to the cash rate may have further bolstered sentiment.
Japanese economy watchers survey for September concludes this overview at 5 o’clock in the morning. The index for current economic conditions rose by point 5 points in August, from the previous month to 45.6.
I’m Sam Meredith and this wraps up Monday’s Economic Calendar. Click back for more on the FX markets, but for now, goodbye.
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