A very strong week ahead in terms of volatility. BoE is expected to raise its interest rates, while Fed to announce that will raise rate in the next policy meeting in December. Many market driver indicators will be released while many central bank’s chiefs will give speeches.
Today, Euro area’s various sentiment indicators for October will be released. The industrial confidence for October is expected to pick up to 7.1 from 6.6 before and the economic sentiment indicator to 113.4 against 113.0. The business climate is forecasted to rise to 1.41 from 1.34 the preceding month while the services sentiment to 15.4 from 15.3. On the other hand, the consumer confidence is expected to remain unchanged at -1.
From the U.S., the personal spending for September and the personal consumption expenditure for September will be released. In Germany, the preliminary CPI report is coming out. Later in the day, the Japanese unemployment report and industrial production will be published, while overnight the Bank of Japan will announce its interest rate decision. No changes are expected to the current negative rate of -0.1%, however, traders will eye the BoJ outlook report and the monetary policy statement will be published. At 06:30 GMT on Thursday, the BoJ Governor Haruhiko Kuroda will give a press conference regarding the decision and the economy in general.
Read the full financial markets weekly outlook on JFD Research.