Week Ahead | Monetary Policy and Geo-Politics to Influence the Market

22nd October 2018 - 26th October 2018

Monday

• JPY All Industry Activity Index
• USD Chicago Fed National Activity Index

Japan will release their All Industry activity index which is a key indicator of the current status of Japan Industries and their economic projections. Later the day, US Chicago Fed National Activity Index is released which will give us an indication on the overall economic activity and related Inflationary pressure.

Tuesday

• FOMC member Kashkari speech
• BOE Mark Carney Governor’s Speech

Kashkari is a recognized member of the Federal Reserve & his economic projections and opinions could impact the global markets & boost or derail investor confidence. Followed by a speech from Mark Carney Governor Bank of England, who will give a speech on the current conditions of Brexit Negotiations & its future strategies.

 

Wednesday

• EUR Markit manufacturing and PMI
• US PMI and composite
• Bank of Canada Monetary Policy Meeting & Interest Rate Decision

Eurozone will release there Markit manufacturing PMI Figures which will be a key indicator on their Business Conditions & overall economic conditions. Followed by US will release their PMI & Composite results both of which will signal the overall economic condition in the US. To conclude the day, Bank of Canada will release their Monetary Policy Meeting & Interest Rate Decision to express their new fiscal policy & also their future economic projections.

 

Thursday

• ECB interest rate decision & Monetary Policy Statement
• US Durable Goods & Pending Home Sales

Thursday will be a major highlight of the week and investors will look forward for Thursday, Eurozone will release its Interest Rate Decision and Monetary Policy Statements during the morning session and this will be a key indicator of the ECB’s Quantitative Easing program of ECB and Draghi’s Outlook towards this Quarter for their Interest Rate Decisions.

Finally, Durable Goods & Pending Home Sales will be released by end of the day which will give us an indication on their current Manufacturing Sector & Pending Home Sales growth.

 

Friday

• US Gross Domestic Product
• ECB President Draghis speech

On Friday, to conclude a mid-tier week US Gross Domestic Product reports will be released which shows GDP Annualized is a gross measure of market activity because it indicates the pace at which a country's economy is growing or decreasing. Finally, the ECB President Mario Draghi will give a speech on Friday for News & Media personnel which will be involved with a Q & A Session post of Interest Rate Decisions & Monetary Policy Statement released on Thursday.