Weekly Economic & Political Timeline - 23 October 2016

There will be a significantly lighter news schedule this week compared to last week, with no real input due from any major central banks. However, there will be some important testimony from the heads of the Bank of England and the European Central Bank. The week’s agenda is likely to be dominated by a few important economic data releases from the U.S. The busiest and most volatile day of this week will probably be Thursday.

Monday is a public holiday in New Zealand.

 

U.S. Dollar

The greenback’s week begins on Tuesday with the release of CB Consumer Confidence data. On Wednesday, we will get Crude Oil Inventories numbers, then on Friday, Unemployment Claims and Core Durable Goods Orders.

 

Euro

It will be a light week for the Euro, with nothing due except German IFO Business Climate data and a speech from the President of the European Central Bank on Tuesday.

 

British Pound

It will be a light but important week for the Pound, with the Governor of the Bank of England due to testify before Parliament about the economic consequences of Brexit on Tuesday, followed by Preliminary GDP numbers on Thursday.

 

Canadian Dollar

It will be a light but important week for the Loonie, with the Governor of the Bank of Canada due to testify before Parliament’s Standing Committee on Finance this Monday.

 

Australian Dollar

It will be a light week for the Aussie, with nothing due except a release of CPI data on Wednesday.

Adam Lemon

Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. Adam believes that it is very possible for retail traders/investors to secure a positive return over time provided they limit their risks, follow trends, and persevere through short-term losing streaks – provided only reputable brokerages are used. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch.