The Australian jobs data is announced on Thursday at 03:30 MT time.
How does the American CPI reflect the virus impact?
On Wednesday, the US monthly inflation will be announced at 14:30 MT time.
Instruments to trade: EUR/USD, USD/JPY, GBP/USD, USD/CAD
In the last four months, inflation in the US hasn’t been deviating from 2.3%, which must reflect the stability of the US economic expansion and the Fed’s monetary policy. This time inflation may tell much about the current situation. Primarily, coronavirus may cool down the US economic expansion lowering the internal consumption and slowing the production process. If that’s the case, inflation will become subdued. And that will be a preliminary indicator of how indeed the virus outbreak impacts the US economy and the USD. That, in turn, should contribute a lot to the US Fed’s rate decision on March 18.
- If the inflation is stable, the USD may be supported.
- If the inflation is lower than expected, the USD may be suppressed.
The US monthly CPI is announced on Tuesday at 15:30 MT time.
The Federal Open Market Committee (the department of the Federal Reserve) will publish the meeting minutes on October 7 at 21:00 MT time.
The USA will publish unemployment claims on October 22 at 15:30 MT time. How to trade after the release?
Canada’s retail sales will be out on October 21 at 15:30 MT time. Get ready with us for this event!
US Core monthly retails sales will be announced on Friday at 15:30 MT time.