Header help text

Start trading with a free $30

There is no better time than now
Your first deposit is on us

Grab your $30 from XM

Forex Analysis
by ForexNewsNow Team on October 1st, 2010

Weekly outlook / Top 10 EUR/USD events: Oct. 4-8

EUR/USD weekly forecast - 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 newsduring the coming week, Oct. 4-8.

All times are given in GMT.

  1. Pending home resales (USD): Monday, 2:00 P.M. – The National Association of Realtors, an industry group, is due to release this important report for August. The data are a useful indication of the state of the U.S. housing market.
  2. Bernanke speaks (USD): Monday, 11:30 P.M. – The U.S. Federal Reserve chairman, Ben Bernanke, is slated to speak at an event in Providence. Traders will seek to discern clues to future monetary policy moves in the central bank chief’s comments, which can often cause shifts in the EUR/USD FX rate.
  3. Retail sales (EUR): Tuesday, 9:00 A.M. – The EU statistics agency is due to release this report on the month-on-month change in retail sales in August. The data is a key gauge of consumer spending.
  4. ISM non-manufacturing PMI (USD): Tuesday, 2:00 P.M. – The Institute for Supply Management, an industry group, is due to publish this data on U.S. industrial activity, excluding the manufacturing sector, for September.
  5. German factory orders (EUR): Wednesday, 10:00 A.M. – Germany’s central bank, the Deutsche Bundesbank, is due to publish this report, which is a leading indicator of production. It measures the month-on-month change in the value of new purchase orders placed with manufacturers in August.
  6. ADP nonfarm employment change (USD): Wednesday, 12:15 P.M. –ADP, a payroll processing firm, is slated to release this report on the change in U.S. private sector employment, excluding agriculture, in September.
  7. German industrial production (EUR): Thursday, 10:00 A.M. – Germany’s statistics office, Destatis, is due to release this data, a leading indicator of economic health. The report measures the month-on-month change in industrial output in August.
  8. ECB interest rate decision (EUR): Thursday, 11:45 A.M. – The European Central Bank is due to reach a decision on whether to alter its benchmark interest rate, the Official Bank Rate which it is expected to hold steady at 1 percent, according to two currency market trading news outlets. The ECB will also hold a press conference on the decision.
  9. Initial jobless claims (USD): Thursday, 12:30 P.M. – The Department of Labor is due to release this report on the number of workers who filed new claims for jobless benefits during the previous week.
  10. Nonfarm employment change (USD): Friday, 12:30 P.M. – The Bureau of Labor Statistics is scheduled to release this closely watched monthly report for September, as well as the U.S. unemployment rate, in a report likely to shake up EUR USD analysis.

By ForexNewsNow Team

This is a general account of the ForexNewsNow Team. It is used to published exclusive content carefully crafted by our experts as well as it is used to bring you the most recent industry highlights from our guest contributors that wish to remain anonymous.

More content by ForexNewsNow Team

Comments (0 comment(s))