High-Impact Events for the First Week of October 2024
As we kick off October 2024, several high-impact economic events are set to influence the Forex market. Here’s what to watch:
Key U.S. Indicators
– Labor Market Report:
Expected to show a gain of 145,000 nonfarm payrolls in September, with the unemployment rate steady at 4.2%.
– Federal Reserve Insights:
Chair Jerome Powell and other officials will speak, potentially hinting at future interest rate cuts.
– ISM PMIs:
Manufacturing PMI may indicate contraction, while Services PMI is expected to show growth.
European Developments
– Euro Area Inflation:
Preliminary data may show inflation dropping to **2%**, with Germany and Italy also experiencing declines.
– PMI Reports:
Manufacturing sectors in Spain, Italy, and Switzerland may highlight weaknesses.
Asian Markets
– China’s PMIs: NBS and Caixin PMIs will be closely monitored as they reflect economic conditions ahead of Golden Week.
– Japan’s Data: Reports on industrial production and consumer confidence will provide insights into Japan’s economy.
Global Trade Dynamics
Keep an eye on foreign trade data from Australia, South Korea, and Brazil, along with PMI releases from multiple countries.
Red Economy News of this week:
Monday, September 30, 2024
| Mon Sep 30 |
1:30 am
|
CNY |
Manufacturing PMI
|
Actual:? | Previous: 49.4 | 49.1 | ||||
|
All Day
|
EUR |
German Prelim CPI m/m
|
Actual:? | Previous: 0.1% | -0.1% | |||||
|
5:55 pm
|
USD |
Fed Chair Powell Speaks
|
Tuesday, October 01, 2024
| Tue Oct 1 |
9:00 am
|
EUR |
Core CPI Flash Estimate y/y
|
Actual:? | Previous: 2.7% | 2.8% | ||||
| EUR |
CPI Flash Estimate y/y
|
Actual:? | Previous: 1.9% | 2.2% | ||||||
|
2:00 pm
|
USD |
ISM Manufacturing PMI
|
Actual:? | Previous: 47.6 | 47.2 | |||||
| USD |
JOLTS Job Openings
|
Actual:? | Previous: 7.64M | 7.67M |
Wednesday, October 02, 2024
| Wed Oct 2 |
12:15 pm
|
USD |
ADP Non-Farm Employment Change
|
Actual:? | 124K | 99K |
Thursday, October 03, 2024
| Thu Oct 3 |
6:30 am
|
CHF |
CPI m/m
|
Actual:? | Previous: -0.1% | Forecast: 0.0% | ||||
|
12:30 pm
|
USD |
Unemployment Claims
|
Actual:? | Previous: 221K | Forecast: 218K | |||||
|
2:00 pm
|
USD |
ISM Services PMI
|
Actual:? | Previous: 51.6 | Forecast: 51.5 |
Friday, October 04, 2024
| Fri Oct 4 |
12:30 pm
|
USD |
Average Hourly Earnings m/m
|
Actual:? | Previous: 0.3% | Forecast: 0.4% | ||||
| USD |
Non-Farm Employment Change
|
Actual:? | Previous: 144K | Forecast: 142K | ||||||
| USD |
Unemployment Rate
|
Actual:? | Previous: 4.2% | Forecast: 4.2% |
other data:
Conclusion
The first week of October promises crucial economic updates that could sway Forex markets. Stay alert for these developments to capitalize on trading opportunities!
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