analytics

Pound could rise if Brexit manages to delay

By 27/09/2019 No Comments
weekly announcement

This week was eventful. The presidents of the United States and China agreed on the next round of talks and scheduled a meeting on October 10-11. On this positive wave, the dollar rose as much as possible. Also, the British Parliament resumed work. MPs want to delay the country’s exit from the EU at all costs and conduct this process with the deal. If they succeed, the pound may rise.
This week, traders will follow the economic reports of Germany, Great Britain, and the United States.

Key events for the upcoming week of the Forex Economic Calendar:

Forex calendar Sept-oct 30-2Forex calendar Oct 3-4

Monday September 30th
China will release the business activity index (PMI) for September.

At 11:30 (GMT+3), the UK will publish GDP for the second quarter. Analysts suggest that the indicator will remain the same – 1.2%.

Tuesday October 1st
From Tuesday to the end of the week, China’s National Day is celebrated, because local exchanges will not work.

10:55 (GM+3) will be released the index of business activity in the manufacturing sector (PMI) of Germany for September. A figure above 41.4 will be positive for the euro (EUR).

At 11:30 (GMT+3) in the UK will be released the index of business activity in the manufacturing sector for September. Analysts suggest that the figure will be 47%.

At 12:00 (GMT + 3), the consumer price index in the eurozone for September in the annual perspective will be published. The indicator is expected to remain unchanged: 1%.

At 17:00 (GMT + 3), the US index of business activity in the manufacturing sector for September will be released. The expected figure is 50.4.

Wednesday, October 2
At 11:30 (GMT + 3), the index of business activity in the UK construction sector for September will be released. If the indicator is above 45, this will support the pound (GBP).

At 17:30 (GMT+ 3) a weekly report on US crude oil inventories will be published. A large reduction in stocks will be a positive signal for a commodity asset.

Thursday October 3rd
In Germany, celebrate the Day of Association, therefore, low financial activity is expected.

At 11:30 (GMT+3) in the UK will be released a composite PMI index for September.

Friday October 4th
From 15:30 (GMT+3) the US will publish data on changes in the number of people employed in the non-agricultural sector and the unemployment rate (September). If the number of employees is above 162 thousand, the dollar (USD) will receive support.

At 17:00 (GMT+3), the business activity index (PMI) for September in Canada will be released.