TC Economic Insight - The Week Ahead (October 23-27)


George Lam


October 20, 2023



Min Read

TC Economic Insight - The Week Ahead (October 23-27)

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

We are looking into the trading week of October 23-27:

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:

The European Central Bank (ECB) decided a 10th consecutive interest-rate hike in September pushing key rates to record levels.

While the U.S. Federal Reserve paused its rate-hikes in September, investors are watching closely if the ECB will follow suit.

According to Trading Central's "Economic Insight", the ECB will, on Thursday (October 26), keep its Key Interest Rate unchanged at 4.50%.

In the past 8 ECB Interest-Rate Decisions, EUR/USD fell in 63% of times (5 out of 8 events) within one hour from the report’s release, marking a trading range of 73.41 pips on average.

Other key economic data include:

Monday (October 23)

Hong Kong's stock market closed for Chung Yeung Festival.

U.S. Chicago Fed National Activity Index (SEP) expected to tick up to 0.05.

Tuesday (October 24)

U.K. Unemployment Rate (AUG) expected to remain at 4.3%.

Germany GfK Consumer Confidence Index (NOV) to fall to -27.

Germany HCOB Manufacturing PMI (OCT) to rise to 41.5.

U.S. S&P Global Manufacturing PMI (OCT) may dip to 49.5.

U.S. Richmond Fed Manufacturing Index (OCT) to fall to -1.

Wednesday (October 25)

Australia Inflation Rate (3Q) expected to ease to 5.1% on year.

German Ifo Business Climate Index (OCT) to rise to 86.3.

U.S. New Home Sales (SEP) to drop 11.0% on month.

Canada’s Central Bank expected to keep Key Interest Rate unchanged at 5.00%.

Thursday (October 26)

The European Central Bank (ECB) expected to keep Key Interest Rate unchanged at 4.50%

U.S. GDP Growth (3Q) to accelerate to 4.7% on quarter.

U.S. Durable Goods Orders (SEP) to grow 0.7% on month.

U.S. Initial Jobless Claims (OCT/21) to pick up to 200,000.

Friday (October 27)

Australia Producer Price Growth (3Q) expected to slow to 2.0% on year.

France GDP Growth (Q3) to slow to 0.1% on quarter.

France Inflation Rate (OCT) to cool down to 4.1% on year.

U.S. Core PCE Price Growth (SEP) to slow to 3.6% on year. 

Happy Trading!

Source: Trading Central Economic Insight

George Lam

Technical Analyst
George Lam is a technical analyst attached to Trading Central's Hong Kong Office. George graduated from the University of Manchester with a bachelor's degree in economics, and has been engaged in the financial analysis field in Hong Kong for about 10 years.
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