Next week's FX market will feature the schedules of key events in North America, Europe, Asia and emerging markets, with economic drivers including US CPI data expected to be concentrated during the week. The schedules and key points for each region are outlined below.
The North American schedule for the four regions includes key US economic indicators and speeches related to the Federal Reserve. The release of US September CPI and PPI data and the Beige Book is scheduled, while comments from relevant officials will also draw attention. Market participants are watching these developments as factors that could influence the future course of monetary policy by the Federal Reserve.
In Europe, UK and European industrial production, revised GDP figures and the G20 Finance Ministers and Central Bank Governors Meeting are scheduled. Speeches by the Bank of England governor and developments in domestic and overseas economic indicators could affect expectations for the next rate hike. Market participants are also monitoring inflation concerns stemming from the situation in the Middle East.
In Asia and Oceania, discussions related to the Bank of Japan and consumer price and trade data from China and Australia will be the focus. Market views could shift in response to the Bank of Japan's policy meeting and comments by its deputy governor, while Chinese indicators are expected to provide clues about economic conditions.
In emerging markets, data releases from Mexico and Turkey are scheduled, and comments on economic conditions in the minutes of the Bank of Mexico's meeting could be treated as a market factor. Mexico's August industrial production is scheduled for release on the 12th, with attention focused on domestic economic conditions.
Overall, next week is expected to be a period in which multiple factors, including US CPI, the Bank of Japan meeting, the Bank of England's decision and key emerging-market indicators, affect markets at the same time.