Summary:
- Canadian jobs report to be released this afternoon
- US consumer confidence data for October on the agenda on Friday
- Trump and Liu He are going to meet this evening (afternoon in Washington)
1:30 pm BST - Canadian jobs report for September: The Canadian dollar has rather underperformed its major peers in the G10 basket over the recent month (only AUD and NZD have lost more - we exclude Scandinavian currencies here) and this outcome has come despite rather muted expectations regarding rate cuts there (barely 30% odds for a cut in December). Thus, incoming data should be crucial in assessing how much potential left for the Loonie yet. The consensus implies employment to has grown 7.5k after jumping more than 80k in August. At the same time, the jobless rate should stay at 5.7% while hourly earnings at 3.8% YoY.
3:00 pm BST - UoM index on US consumer confidence: It will be a preliminary print for October and the Bloomberg median estimate suggests a slight deterioration to 92 from 93.2 seen in the previous period. The data will be another piece to assess how a US consumers’ position has evolved of late given the recent changes in monetary policy as well as further trade frictions with China.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile app7:45 pm BST - A meeting between Donald Trump and Lie He in Washington on foreign trade
Central bankers’ speeches:
-
11:30 am BST - ECB’s Guindos
-
1:30 pm BST - Fed’s Kashkari
-
6:15 pm BST - Fed’s Rosengren
-
8:00 pm BST - Fed’s Kaplan
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
