Tension in the markets is rising again. China, with its statistical data, will set the tone for the week, but there are also challenges elsewhere.

China: asset risk

China: asset risk

China is preparing to publish a large amount of economic data, from its trade balance to GDP in Q3, the volume of investment in fixed assets, and foreign investment. All these economic indicators are very important, as expectations regarding Chinese statistics are very cautious and weakening. If the numbers turn out lower than the forecasts, risk assets are bound to fall in price.

USD: forecasts in its favour

USD: forecasts in its favour

This week, the US will release stats on its industrial production in September, and also report on its real estate market performance. The focus is on the forecasts regarding future interest rate hikes in the US.  This plays in favour of the USD.

EUR: under pressure

EUR: under pressure

The Eurozone will attract attention with the publication of the EU consumer prices for September in the final calculation. According to the initial forecast, the inflation rate was 10% YoY, which is the all-time maximum. The EUR remains under pressure as winter approaches and the demand for heating is rising.

AUD: rising risks

AUD: rising risks

Australia will also be active on the macroeconomic calendar. The country will present its labour market data, which demonstrates that growth in the number of jobs in September was less than in August. This puts the AUD at risk, apart from the Chinese reports.

GBP: focus on politics

GBP: focus on politics

With more political unrest and problems brewing in the UK, this week's statistics may fade into the background. For the GBP, any political imbalance is bad news, and the downside risks remain. Among the statistics, it is worth paying attention to the September retail sales data, which could remain under pressure.


Material is prepared by

A Forex trader with a more than 10-years experience in leading investment banks. She gives her weighted view of markets through analytical articles, regularly published by RoboForex and other popular financial sources.