Market updates and forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Economic Calendar | October 10 – 14


October, 10 2022
watermark Economic news

Monday, October 10


Monday will be accompanied by a completely empty macroeconomic calendar. No data is published at all. However, it is worth considering the strongest escalation of the Russian-Ukrainian conflict caused by the undermining of the Crimean Bridge and the bombing of Ukrainian cities. 


Investors should assess the situation and the reaction of the parties, since we are talking about the further development of the conflict, which clearly does not bode well for the entire European continent. So the development of events in the foreign exchange market will depend largely on the headlines in the media.


Tuesday, October 11


The only thing worth paying attention to on Tuesday is the data on the UK labor market. It is expected that the unemployment rate should remain unchanged, and employment may grow by only 12 thousand. So it will continue to remain at the current level for some time. And if these forecasts are confirmed, then no market reaction will follow.


Wednesday, October 12


Data on industrial production in the UK and the eurozone will be published on Wednesday. They will certainly provide significant support to the pound and the single European currency. The fact is that the decline in industrial production by 2.4% will be replaced by an increase of 0.7%. Moreover, the growth rate of industrial production itself should accelerate from 1.1% to 1.3%. 


At the same time, the United States will publish data on producer prices, the growth rate of which may slow from 8.7% to 8.4%, which indicates the prospect of a further decline in inflation. And this will put additional pressure on the dollar.


Thursday, October 13


The main event of the whole week will be the publication of inflation data in the United States, which will take place on Thursday. According to forecasts, inflation may slow down from 8.3% to 8.2%, which will be the third consecutive decline in consumer price growth. And this means that the Federal Reserve System has more and more reasons to reduce the rate of interest rate growth. Which will put pressure on the US dollar.


And against this background, statistics on applications for unemployment benefits in the United States are likely to go unnoticed. 


Friday, October 14


On Friday, the dollar will continue to lose its positions – already due to a slowdown in retail sales growth from 9.1% to 8.0%. This may indicate that, despite the decrease in inflationary pressure, consumer activity is also declining. And as you know, it is she who is the main factor in America's economic growth.


Thus, there will be signals on the market again that the American economy is slipping into recession.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.