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7:33 AM · 21 October 2024

Economic calendar: Fed bankers' speech in the spotlight

  • Futures point to lower opening of today's session in Europe
  • China cut annual and 5-year lending rates
  • Fed bankers' speeches in the background

We are beginning a new week of trading on international financial markets. As a reminder, Friday's session saw sizable rallies in precious metals (gold and silver), which knocked out their historic or multi-year peaks. Moreover, Bitcoin broke out above $67,000, paving the way for a retest of psychologically important resistance near $70,000. On both classes of instruments, the observed movements are extended today.

We are beginning a new week of trading on international financial markets. As a reminder, Friday's session saw sizable rallies in precious metals (gold and silver), which knocked out their historic or multi-year peaks. Moreover, Bitcoin broke out above $67,000, paving the way for a retest of psychologically important resistance near $70,000. On both classes of instruments, the observed movements are extended today.

Detailed calendar of the day:

After-session - SAP results for Q3

09:00 BST - Poland, labor market data for September.

  • Wages. Forecast: 11.1% y/y. Earlier: 11.1% y/y.
  • Change in employment. Forecast: -0.5% y/y. Previously: -0.5% y/y

13:55 BST - Speech by FED Logan

18:00 BST - Speech by FED Kashakri

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