Forex News Trading Strategy For The Week of 19th – 23rd October

ECB Rate Statement and press conference are the highlights of Forex news trading events taking place this week. We do not expect ECB to do anything BUT if they decide to add more QE or express their concern about the current situation then this could be the time to do it. We also have a Rate Statement from Canada and again expect no change but there is talk of them cutting again at some point in the future so this week we are looking for their views and any change in tone.

All the high-impact events are as follow:

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Monday 19th
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3:00am BST – Chinese GDP and Industrial Production

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Tuesday 20th
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1:30am BST – RBA Monetary Policy Meeting Minutes
11:00am BST – BOE Gov Carney Speaks
1:30pm BST – Building Permits
Tentative – New Zealand’s GDT Price Index

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Wednesday 21st
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3:00pm BST – BOC Monetary Policy Report, Rate Statement and Overnight Rate
4:15pm BST – BOC Press Conference
6:00pm BST – BOE Gov Carney Speaks

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Thursday 22nd
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9:30am BST – UK Retail Sales
12:45pm BST – ECB Minimum Bid Rate
1:30pm BST – Canadian Core Retail Sales
1:30pm BST – ECB Press Conference
1:30pm BST – US Unemployment Claims

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Friday 23rd
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8:00am BST – French Flash Manufacturing PMI
8:30am BST – German Flash Manufacturing PMI
1:30pm BST – Canadian Core CPI

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