TC Economic Insight - The Week Ahead (October 16-20)

By

Christophe Chevalier

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October 13, 2023

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3

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TC Economic Insight - The Week Ahead (October 16-20)


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


We are looking into the trading week of October 16-20:



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:



China’s economy seems to lack momentum recently, as the country’s inflation data are pointing to bigger risks of deflation.


Investors are watching closely if the Chinese government would launch stimulus measures in case economic data turn out weaker.


According to Trading Central's "Economic Insight", China’s Gross Domestic Product (GDP) Growth, to be reported on Wednesday (October 18), may slow to 4.6% on year in the Third Quarter.



In the past 4 China Quarterly GDP Reports, USD/CNH rose in 100% of times (4 out of 4 events) within one hour from the report’s release, marking a trading range of 149.80 pips on average.



Other key economic data include:


Monday (October 16)

U.S. New York Empire State Manufacturing Index (OCT) expected to fall to -1.1.


Tuesday (October 17)

Australia’s Central Bank to release its latest policy-meeting minutes.

New Zealand Inflation Rate (3Q) expected to ease to 5.8% on year.

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

Germany ZEW Economic Sentiment Index (OCT) to tick up to -11.

U.S. Retail Sales (SEP) to grow 0.3% on month.

U.S. Industrial Production (SEP) to gain 0.2% on month.

Canada Inflation Rate (SEP) expected to accelerate to 4.5% on year.


Wednesday (October 18)

China GDP Growth (3Q) expected to slow to 4.6% on year.

China Industrial Production (SEP) to grow 4.3% on year.

China Retail Sales (SEP) to increase 4.7% on year.

U.K. Inflation Rate (SEP) expected to slow to 6.5% on year.

U.S. Housing Starts (SEP) to rise 9.1% on month.

U.S. Building Permits (SEP) may fall 5.2% on month.


Thursday (October 19)

Japan Exports (SEP) expected to drop 0.9% on year.

Australia Jobless Rate (SEP) to be steady at 3.7%.

U.S. Philadelphia Fed Manufacturing Index (OCT) to improve to -7.0.

U.S. Initial Jobless Claims (OCT/14) to increase to 212,000.

U.S. Conference Board Leading Index (SEP) may fall 0.3% on month.

U.S. Existing Home Sales (SEP) to drop 3.5% on month.

Canada Producer Prices (SEP) to increase 0.6% on month.


Friday (October 20)

Japan Inflation Rate (SEP) expected to slow to 3.1% on year.

U.K. Retail Sales (SEP) to grow 0.3% on month.

Germany Producer Prices (SEP) to increase 0.6% on month.

Canada Retail Sales (AUG) may drop 0.3% on month.



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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