Market Overview

Important upcoming events and publications

09:30 (GMT) UK GDP can seriously affect the GBP dynamics. According to forecasts, the economy is expected to grow by 0.1% in September, and by 0.6% in the third quarter, after 0.4% in the second. This will be a preliminary assessment, which most rarely coincides with expectations and therefore may have the most serious impact on the markets.

13:30 The US Producer Price Index is expected to add 0.3% in October and accelerate to 2.7% y/y. Stronger inflation data could spur an increase of USD on speculation that the Fed will raise rates faster.

15:00 US UoM Consumer Sentiment Index is able to influence the USD. A rise above 98.6 (the previous value) could have a positive effect on stock markets and weaken the dollar positions on renewed demand for risks.

See the detailed Economic calendar here

Article Rating
Rate this post