Here is what you need to know about the important news between October 10th 2022 and October 14th 2022, where we take a look at the economic data, market news and headlines likely to have the biggest impact on the market prices this week and beyond, as well as the US Dollar, and other key correlated assets.
U.S. dollar index
Columbus Day today Monday 10/10/2022 on the States, with low liquidity to be the most common issue during these days. The dollar indicator during last week managed to climb to 112, and this week started with the indicator to trying to test the 113 level.
Gold
Gold after the 5 days upward movement, it continued its direction with 4-day drop, testing the 1685 level with the 21-Daily Moving Average to provide support on the precious metal. Thursday Inflation data will most likely be the most important factor to give the next direction on the “safe heaven” precious gold.
Oil
Oil dropped a bit on Monday, as China contractor sector fuelled fears of slowing demand, although OPEC supply cut and the prospect of more disruption in the Russia Ukraine war kept price high.
Stocks
Investors will be closely monitoring speeches from Fed policymakers for further clues on the Fed’s rate hike path. In addition, fresh PPI and CPI data, the FOMC’s latest meeting minutes, retail sales, and Michigan consumer sentiment will be watched, as well as fresh earnings results from companies including Morgan Stanley, JPMorgan Chase & Co, Citigroup Inc, Wells Fargo & Company, PepsiCo Inc, and Delta Air Lines Inc.
Economic calendar most important releases – All times are GMT
Monday, October 10, 2022
All Day CAD Bank Holiday
All Day USD Bank Holiday
Tuesday, October 11, 2022
18:35 GBP BOE Gov Bailey Speaks
Wednesday, October 12, 2022
06:00 GBP GDP m/m
12:30 USD PPI m/m
18:00 USD FOMC Meeting Minutes
Thursday, October 13, 2022
12:30 USD CPI m/m
12:30 USD CPI y/y
12:30 USD Core CPI m/m
12:30 USD Unemployment Claims
Friday, October 07, 2022
12:30 USD Retail Sales m/m
12:30 USD Core Retail Sales m/m
14:00 USD Prelim UoM Consumer Sentiment
Thanks for reading! Have a great week!
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