High Impact News Update
Welcome to another edition of our High Impact News coverage, where we dissect upcoming market-moving events to keep you a step ahead in your trading. This week, we're closely monitoring several key economic indicators alongside notable speeches from central bank officials.
Global Economic Highlights:
Canada is buzzing with Governor Macklem scheduled for three speeches this week. Traders and analysts alike will be keen to parse his words for clues on the future monetary policy path of the Bank of Canada.
Australia will report various economic figures including Consumer Price Index (CPI) data for Q3 and Retail Sales for September. CPI is particularly significant as it influences the Reserve Bank of Australia's interest rate decisions, with analysts closely watching the RBA’s trimmed mean CPI as a core inflation indicator.
Europe sees preliminary Q3 Gross Domestic Product (GDP) readings and October Consumer Price Index (CPI) data released. These indicators are critical for gauging economic health and inflation trends, which could impact the European Central Bank’s policy outlook.
USA also releases its preliminary Q3 GDP figures alongside the October ADP Employment Change, offering a snapshot of economic resilience and labor market trends. The week rounds off with Core Personal Consumption Expenditures (PCE) — the Federal Reserve’s preferred measure of inflation.
Japan and China are not left behind, with the Bank of Japan's interest rate decision and several Chinese PMI reports due. These will provide insights into economic conditions in Asia, influencing global market sentiment.
As always, market participants are advised to trade cautiously around these high-volatility events, keeping an eye on unexpected shifts in data that could sway market dynamics. Stay updated, and trade wisely!