Weekly Economic & Political Timeline

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This week will see very little major central bank input, which is only due from the European Central Bank, but few data releases from major economies. Excepting the British Pound, market volatility is likely to be very low.

The market is likely to be most active on Thursday.

British Pound

It will be an extremely important week for the Pound, as the weekend is highly likely to see the British Parliament decide whether to accept the Brexit deal offered by the European Union, request an extension, revoke departure, or to leave the road open to a “no deal” Brexit. The value of the British Pound is likely to fluctuate very dramatically from the weekly open later until 1st November.

U.S. Dollar

It will be a relatively quiet week for the greenback, starting on Wednesday with a release of Crude Oil Inventories data. Thursday brings Core Durable Goods Orders.

Euro

It will be an important week for the Euro, with everything happening on Thursday when we will get the ECB’s Monetary Policy Statement and Main Refinancing Rate, followed by the usual press conference. Earlier in the day there will be releases of French and German Flash Services PMI, and German Flash Manufacturing PMI.

Canadian Dollar

It will be a quiet week for the Loonie, all happening on Tuesday with releases of Core Retail sales numbers and the BOC Business Outlook Survey.

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.