October 30, 2023

Weekly Economic Calendar

Foreign Exchange

October 29 - November 3, 2023 Economic report and policy meetings

 

October 29

Australia:  Retail Sales (MoM) Preliminary – September   

 

October 30

Australia:  Reserve Bank of Australia Jones Speech, Housing Credit (MoM) – September

Canada:  Bank of Canada Governor Macklem Speech

China:  NBS Manufacturing Purchasing Managers Index (PMI) – October, NBS Non-Manufacturing PMI – October

Euro-Zone:  Consumer Confidence Final – October, Economic Sentiment – October, Industrial Sentiment – October, Spain: Business Confidence – October, Spain: Inflation Rate (MoM) Preliminary – October, Inflation Rate (YoY) Preliminary – October, Germany: GDP Growth Rate (YoY) Flash – 3rd Qtr., GDP Growth Rate (QoQ) Flash – 3rd Qtr., Germany: Inflation Rate (YoY) Preliminary – October, Inflation Rate (MoM) Preliminary - October

Japan:  Bank of Japan Interest Rate Decision, Bank of Japan Quarterly Outlook Report, Consumer Confidence – October, Housing Starts (YoY) – September, Unemployment Rate – September, Industrial Production (YoY) Preliminary – September, Retail Sales (YoY) – September

Netherlands:  Inflation Rate (YoY) Preliminary - October

New Zealand:  Building Permits (MoM) – September, ANZ Business Confidence - October

Switzerland:  KOF Leading Indicators - October 

U.K.:  Mortgage Approvals – September, Mortgage Lending - September 

U.S.:  Dallas Federal Reserve Manufacturing Index – October 3 & 6-Month Bill Auctions

 

October 31

Australia:  Ai Group Industry Index – October, Judo Bank Manufacturing Purchasing Managers Index (PMI) Final – October, Building Permits (MoM) Preliminary – September

Brazil:  Unemployment Rate - September 

Canada:  GDP (MoM) – August, GDP (MoM) Preliminary – September  

China:

Euro-Zone:  Core Inflation Rate (YoY) Flash – October, GDP Growth Rate (QoQ) Flash – 3rd Qtr., GDP Growth Rate (YoY) Flash – 3rd Qtr., Inflation Rate (MoM) Flash – October, Inflation Rate (YoY) Flash – October, Germany: Retail Sales (YoY) – September, France: Inflation Rate (YoY) Preliminary – October, Inflation Rate (MoM) Preliminary – October, Italy: GDP Growth Rate (YoY) Advance – 3rd Qtr., GDP Growth Rate (QoQ) Advance – 3rd Qtr., Italy: Inflation Rate (YoY) Preliminary – October, Inflation Rate (MoM) Preliminary – October

Hong Kong:  GDP Growth Rate (QoQ) Advance – 3rd Qtr., GDP Growth Rate (YoY) Advance – 3rd Qtr.

India:  S&P Global Manufacturing Purchasing Managers Index (PMI) - October

Indonesia:  Inflation Rate (YoY) – October

Mexico:  GDP Growth Rate (YoY) Preliminary – 3rd Qtr.

New Zealand:  Reserve Bank of New Zealand Financial Stability Report, Employment Change (QoQ) – 3rd Qtr., Unemployment Rate – 3rd Qtr.

Poland:  Inflation Rate (MoM) Preliminary – October, Inflation Rate (YoY) Preliminary – October

Russia:  S&P Global Manufacturing Purchasing Managers Index (PMI) – October

South Africa:  Balance of Trade – September

South Korea:  Exports (YoY) – October, S&P Global Manufacturing Purchasing Managers Index (PMI) - October

Switzerland:  Retail Sales (YoY) – September  

Taiwan:  GDP Growth Rate (YoY) Advance – 3rd Qtr.

 U.S.:  Conference Board Consumer Confidence – October, Employment Cost – Benefits (QoQ) – 3rd Qtr., Employment Cost – Wages (QoQ) – 3rd Qtr., House Price Index (MoM) - August

 

November 1

Australia:  Balance of Trade – September, Home Loans (MoM) – September, Investment Lending for Homes – September  

Brazil:  Industrial Production (MoM) – September, Balance of Trade – October, Interest Rate Decision

Canada:  S&P Global Manufacturing Purchasing Managers Index (PMI) – October, Bank of Canada Governor Macklem Speech    

Japan:  Foreign Bond Investment – October 28th

Mexico:  Business Confidence - October

South Korea:  Inflation Rate (YoY) - October    

Russia:  Unemployment Rate – September

Switzerland:  procure.ch Manufacturing Purchasing Managers Index (PMI) – October   

U.K.:  Nationwide Housing Prices (YoY) – October, S&P Global/CIPS Manufacturing Purchasing Managers Index (PMI) Final - October

U.S.:  Institute of Supply Management (ISM) Manufacturing Purchasing Managers Index (PMI) – October, Federal Reserve Interest Rate Decision, Federal Reserve Press Conference, Construction Spending (MoM) – September, ADP Employment Change – October, S&P Global Manufacturing Purchasing Managers Index (PMI) Final – October, MBA 30-Year Mortgage Rate (October 27),  MBA Survey Indexes - Mortgage Market Index, Mortgage Applications (October 27), Mortgage Market Change, Mortgage Refinance Index, Refinancing Change, MBA Mortgage Approvals (October 27), Department of Energy (DOE) U.S. Crude Oil Inventories (October 27), DOE Cushing OK Crude Inventory (October 27), DOE U.S. Gasoline Inventories (October 27), DOE U.S. Distillate Inventory (October 27), DOE U.S. Refinery Utilization (October 27), DOE Crude Oil Implied Demand (October 27), Gasoline Implied Demand (October 27), Distillate Implied Demand (October 27), API Crude Oil Stock Change (October 27), EIA Natural Gas Stocks Change – October 27

The Bureau of Labor Statistics releases the Job Openings and Labor Turnover Survey for September. There were 9.61 million job openings on the last business day of August, down from a peak of just over 12 million in March of 2022, but still well above historical averages. The Federal Open Market Committee announces its monetary-policy decision. Wall Street is nearly unanimous in expecting the FOMC to leave the federal-funds rate unchanged at 5.35%-5.50%. Traders are pricing in a one in five chance that the Fed will hike interest rates by a quarter of a percentage point at its last meeting of the year, in mid-December.

 

November 2

Australia:  Judo Bank Services Purchasing Managers Index (PMI) Final – October, Reserve Bank of Australia (RBA) Jones Speech

China:  Caixin Composite Purchasing Managers Index (PMI) – October, Caixin Services PMI – October

Euro-Zone:  HCOB Manufacturing Purchasing Managers Index (PMI) Final – October, Spain: HCOB Manufacturing Purchasing Managers Index (PMI) – October, Italy: HCOB Manufacturing PMI – October, France: HCOB Manufacturing PMI Final – October, Germany: Unemployment Change – October, Unemployment Rate – October, HCOB Manufacturing PMI Final – October, Unemployed Persons - October

Norway:  Norges Bank Interest Rate Decision, Norges Bank Press Conference

Switzerland:  Inflation Rate (YoY) – October, Consumer Confidence – 4th Qtr.

U.K.:  Bank of England (BoE) Interest Rate Decision, BoE Monetary Policy Report, BoE MPC Vote Cut, BoE MPC Vote Hike, BoE MPC Vote Unchanged, MPC Meeting Minutes

U.S.:  Continuing Jobless Claims – October 21, Initial Jobless Claims – October 28, Factory Orders (MoM) – September

 

November 3

Canada:  Employment Change – October, Unemployment Rate – October, Average Hourly Wages (YoY) – October, Full Time Employment Change - October

China:  Current Account Preliminary – 3rd Qtr.

Euro-Zone:  Unemployment Rate – September, Germany: Balance of Trade – September, Exports (MoM) – September, France: Industrial Production (MoM) -September, Spain: Unemployment Change – October, Italy: Unemployment Rate – September

U.K.:  S&P Global/CIPS Services Purchasing Managers Index (PMI) Final – October

U.S:  Non-Farm Payrolls – October, Unemployment Rate – October, Average Hourly Earnings (MoM) – October, Average Hourly Earnings (YoY) -October, Average Weekly Hours – October, Nonfarm Private Payrolls – October, Participation Rate – October, S&P Global Composite Purchasing Managers Index Final – October, S&P Global Services PMI Final – October, Institute of Supply Management (ISM) Services Purchasing Managers Index (PMI) – October, ISM Services Employment – October, Federal Reserve Barr Speech, Baker Hughes U.S. Rig Count – November 3

The BLS releases the jobs report for October. Consensus estimate is for the economy to have added 175,000 jobs, after an increase of 336,000 in September. The unemployment rate is expected to remain unchanged at a historically low level of 3.8%.

Bold denotes likely market-moving newsflash which traders consider significant to foreign exchange levels or otherwise important/noteworthy information, i.e., market holiday’s which will affect standard settlement dates.

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