Monday, 21st October:
- PBOC Interest Rate Decision – 02:15am BST: Traders will keep a close eye on whether the People’s Bank of China (PBOC) will act again after last month’s rate cut aimed at supporting China’s economy, especially the housing sector. Any move could directly affect the China A50 and Hong Kong 50 indices, as well as key commodities like oil and copper.
Tuesday, 22nd October:
- BRICS Summit (Day 1): Kicking off in Johannesburg, the BRICS summit, involving Brazil, Russia, India, China, and South Africa, will likely bring geopolitical headlines that may influence markets.
- Bank of England Governor Bailey Speaks – 02:25pm BST: BoE Governor Andrew Bailey will deliver a key speech, offering insights into the bank’s economic outlook. This could affect GBP pairs and UK stock indices.
- FOMC Member Harker Speaks – 03:00pm BST: U.S. Federal Reserve official Patrick Harker’s remarks could give further clues about the Fed’s future rate decisions, influencing the USD.
Wednesday, 23rd October:
- Bank of Canada Interest Rate Decision – 02:45pm BST & Press Conference – 03:30pm BST: Traders expect a possible 50bps rate cut from the BoC following last week’s lower-than-expected CPI data. This will likely trigger volatility in USDCAD and Canadian equities.
- Tesla Earnings Report: Tesla will release its Q3 earnings report after market close. Investors are eager to hear updates on Tesla’s new robotaxi and cheaper EV models. Tesla shares have underperformed recently, and this report could stir volatility in U.S. tech stocks.
Thursday, 24th October:
- Global Preliminary PMI Surveys: Flash PMIs for major economies like the Eurozone, the UK, and the U.S. will provide insights into the manufacturing and service sectors. Readings below 50 suggest economic contraction and could lead to speculation about further ECB and BoE rate cuts.
- U.S. Unemployment Claims – 01:30pm BST: The latest jobless claims data could offer clues about the U.S. labor market’s health and affect USD and U.S. equities.
Friday, 25th October:
- Tokyo Inflation Data (CPI) – 12:30am BST: Japan’s CPI data will be critical for assessing whether consumer demand is driving inflation higher, potentially impacting USDJPY and the Japan 225 index.
- U.S. Durable Goods Orders – 01:30pm BST: A key report offering insights into the U.S. economy’s health, especially in the manufacturing sector. Any surprise in this data could trigger moves in U.S. indices and USD pairs.
This week is packed with impactful events, including the BRICS summit, central bank rate decisions, and Tesla earnings, all of which are expected to create volatility across global markets.
