Weekly outlook / Top 10 EUR/USD events: Oct. 11-15

ForexNewsNow | Published on October 8, 2010 at 7:56 pm

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EUR USD analysis - The EU flagNEW YORK (Forex News Now) – The FNN team has prepared a list of the top 10 economic events most likely to impact EUR/USD and make realtime forex news during the coming week, Oct. 11-15.

All times are given in GMT.

  1. Trichet speaks (EUR): Monday, 4:00 P.M. – The European Central Bank president, Jean-Claude Trichet, is due to speak at an event in Washington, D.C. FX traders will likely seek to discern clues to future monetary policy in his comments.
  2. FOMC meeting minutes (USD): Tuesday, 6:00 P.M. – The U.S. Fed’s key panel, the Federal Open Markets Committee, is to release the minutes of its latest policy-setting meeting.
  3. Bernanke speaks (USD): Wednesday, 8:10 A.M. – The U.S. Federal Reserve chairman, Ben Bernanke, is slated to speak at an event in Pittsburgh. FX traders will seek to discern clues to future monetary policy moves in the central bank chief’s comments.
  4. Industrial production (EUR): Wednesday, 9:00 A.M. – Eurostat, the EU statistics office, is due to release this data, a leading indicator of economic health, for August. The report measures the month-on-month change in industrial output.
  5. Trade balance (USD): Thursday, 12:30 P.M. – The Bureau of Economic Analysis is scheduled to publish this monthly report on the difference in value between imported and exported goods and services in September. Meanwhile, the U.S. is also due to publish data on producer price inflation.
  6. ECB monthly bulletin (EUR): Thursday, 8:00 A.M. – The European Central Bank is due to publish the data it examined while reaching its most recent interest rate decision, offering an analysis of economic conditions in the euro zone.
  7. Initial jobless claims (USD): Thursday, 12:30 P.M. – The Department of Labor is due to release this data on the number of workers who filed new claims for jobless benefits during the previous week. The report is often quite influential on the dollar’s FX rate.
  8. CPI (EUR): Friday, 9:00 A.M. – Eurostat is due to release this key data on consumer price inflation in September, as well as a “core CPI” report, which excludes food, energy, alcohol and tobacco.
  9. Core CPI (USD): Friday, 12:30 P.M. – The Bureau of Labor Statistics is scheduled to publish this key report on U.S. consumer price inflation, which excludes food and energy, in September. The data is central in setting interest rates and is an important measure of purchasing power; as such, it is usually subject to intense indicator analysis in the online FX trading community.
  10. Retail sales (USD): Friday, 12:30 P.M. – The U.S. Census Bureau is due to release this report on the month-on-month change in retail sales in September. The data is a key gauge of consumer spending. Later in the day, the University of Michigan will release a closely followed survey of U.S. consumer sentiment.

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