Track Key Economic Indicators and Market Shifts This Week
This week’s economic calendar features key events likely to impact global markets, with a focus on inflation, employment data, and central bank decisions. All times are GMT+8. Watch for major US releases, including inflation data and the Fed’s meeting minutes, alongside updates from New Zealand, Germany, and the UK. These events could trigger significant moves across currencies, commodities, and indices.
Monday, Oct 7, 2024
All Day – China: National Day Holiday (Markets closed)
Wednesday, Oct 9, 2024
09:00 – New Zealand: RBNZ Interest Rate Decision
The Reserve Bank of New Zealand will announce its interest rate decision, which could have a strong impact on NZD trading.
22:30 – United States: Crude Oil Inventories
This report reflects the weekly change in the amount of commercial crude oil held by US companies, impacting oil prices and related markets.
Thursday, Oct 10, 2024
01:00 – United States: 10-Year Note Auction
An auction of 10-year government bonds that reveals demand for long-term US debt.
02:00 – United States: FOMC Meeting Minutes
The release of the Federal Open Market Committee’s minutes from their last meeting, providing insights into the Fed’s views on inflation, employment, and future monetary policy.
20:30 – United States: Core CPI (MoM) (Sep)
The Core Consumer Price Index (CPI) excludes food and energy and is considered a key measure of inflation.
20:30 – United States: CPI (MoM) (Sep)
This general inflation measure is closely watched as it will impact expectations around the Federal Reserve’s interest rate decisions.
20:30 – United States: CPI (YoY) (Sep)
The year-on-year inflation rate for Sep, a critical data point for assessing longer-term inflation trends.
20:30 – United States: Initial Jobless Claims
A weekly report on the number of individuals filing for unemployment insurance for the first time, providing insight into the health of the labor market.
Friday, Oct 11, 2024
All Day – Hong Kong: Chung Yeung Festival Holiday (Markets closed)
01:00 – United States: 30-Year Bond Auction
Similar to the 10-year note auction, this reflects demand for longer-term debt instruments.
14:00 – United Kingdom: GDP (MoM) (Aug)
The monthly GDP report for the UK will show economic growth trends, which are crucial for assessing the strength of the British economy and GBP valuation.
14:00 – Germany: German CPI (MoM) (Sep)
Germany’s consumer inflation figures, significant for the Eurozone’s overall inflation dynamics.
20:30 – United States: PPI (MoM) (Sep)
The Producer Price Index (PPI) measures changes in the prices producers receive for goods and services, providing early signals of inflationary pressures.
Trading Tips
This week, market volatility is expected due to key events such as the RBNZ Interest Rate Decision and the U.S. CPI release. Here are some tips to help navigate these opportunities:
- Manage Your Risk: With central bank decisions and inflation data on the calendar, price swings are likely. Set stop-loss orders and use proper risk management techniques to protect your capital.
- Stay Updated: Follow important updates like the Fed’s meeting minutes and inflation data from the U.S. and Germany to adjust your positions as needed.
- Diversify: Avoid focusing solely on one market. Spread your investments across forex, commodities, and indices to hedge against unexpected volatility.
Adjust your strategies based on real-time data and stay informed through Zooe’s market updates for timely insights!y, and stay informed through Zooe’s real-time updates!
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Risk Reminder
Trading in financial markets involves significant risks, including the potential loss of your investment. Trade responsibly and only invest what you can afford to lose. Seek independent financial advice if needed.
