TC Economic Insight - The Week Ahead (October 2-6)


Christophe Chevalier


October 2, 2023



Min Read

TC Economic Insight - The Week Ahead (October 2-6)

Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.

We are looking into the trading week of October 2-6:

We can select economic data of "High", "Medium" or "Low" importance, or any combination of such filters:

We can select which economies to focus on:

While Japan’s stock market was losing steam in the third quarter, and the Japanese yen has been sinking to test the psychologically-significant level of 150 to the U.S.dollar, investors should be focusing on sentiment data related to Japan’s economy.

The Bank of Japan’s quarterly Tankan data, to be released on Monday (October 2), should be among the most important.

According to Trading Central's "Economic Insight", the Tankan Large Manufacturers Index is expected to rise to 7 in the third quarter.

In the past 4 Tankan reports, USD/JPY rose in 50% of times (2 out of 4 events) within one hour from the report’s release, marking a trading range of 28.53 pips on average.

Other key economic data include:

Monday (October 2)

Japan Tankan Large Manufacturers Index (3Q) expected to climb to 7.

Japan Tankan Large Non-Manufacturing Index (3Q) may be unchanged at 23.

China's stock markets to be closed whole week for Mid-Autumn Festival holidays.

Hong Kong's stock market to be closed for Mid-Autumn Festival holiday.

Eurozone Unemployment Rate (AUG) expected to tick up to 6.5%.

Canada S&P Global Manufacturing PMI (SEP) may ease to 47.8.

U.S. ISM Manufacturing PMI (SEP) expected to rise to 48.1.

U.S. Federal Reserve Chair Jerome Powell to deliver a speech.

Tuesday (October 3)

Australia Central Bank expected to keep key rate unchanged at 4.10%.

Wednesday (October 4)

New Zealand Central Bank expected to keep key rate unchanged at 5.50%.

Eurozone Producer Prices (AUG) may fall 11.6% on year.

Eurozone Retail Sales (AUG) may drop 0.1% on month.

U.S. ADP Private Jobs (SEP) expected to add 160,000.

U.S. ISM Services PMI (SEP) may ease to 53.7.

U.S. Factory Orders (AUG) to grow 0.3% on month.

Thursday (October 5)

Australia Trade Surplus (AUG) may widen to A$8.50 billion.

Germany Trade Surplus (AUG) expected to widen to 16.8 billion euros.

France Industrial Production (AUG) to decline 0.3% on month.

U.S. Initial Jobless Claims (SEP 30) to rise to 210,000.

Canada Ivey PMI (SEP) to fall to 49.6.

Friday (October 6)

Germany Factory Orders (AUG) expected to rise 5.1% on month.

U.S. Non-farm Payrolls (SEP) expected to increase 150,000.

U.S. Unemployment Rate (SEP) to be stable at 3.8%.

U.S. Average Hourly Earnings (SEP) to rise 0.3% on month.

Canada Unemployment Rate (SEP) to rise to 5.6%.

Happy Trading!

Source: Trading Central Economic Insight

Christophe Chevalier

Technical Analyst
Christophe has an STA Level 1 & 2 from the Society of Technical (UK), an MS in Financial Trading ESLSCA France’s elite financial education university and an MBA from ISC Paris Business School. He joined TC in 2007, bringing over 11 years experience in financial markets.
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