Mark Carney’s and Janet Yellen’s speeches, US Building Permits, Unemployment Claims, Rate decision in Canada and the Eurozone. These are the major events on forex calendar. Here is an outlook of the top events for this week.
Last week U.S. Retail sales and Philly Fed Manufacturing Index missed expectations reducing chances for a Fed rate hike this year. Retail sales report inched up 0.1% while expected a 0.2% gain. Philadelphia Manufacturing Index contracted for the second month in October, reaching minus 4.5 compared to minus 6 in the prior month. Furthermore, consumer prices in September, registered their biggest drop in eight months amid low gasoline prices, however, the Core CPI showed a 0.2% gain, suggesting inflation is on its way up. Will we see a rebound in the coming days?
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