Market focus

On Wednesday, 31.10.2018, the economic calendar will be very saturated with news, which will make the day very volatile in terms of trading.

In the Asia-Pacific session, market attention will be focused on inflation data in Australia and business activity in China. Both reports are very significant, the first will have a local impact on the Australian dollar, and the second is more global and influence the stock markets. Particularly acute Chinese statistics can be perceived by the market against the backdrop of expectations of new tariffs from the United States. Also publication of the meeting results of the Bank of Japan are expected preliminarily, without expectations of monetary policy changes.

The European session will be saturated with data for the euro area, but the main attention should be paid to the preliminary data on inflation and employment in the euro area. Expectations regarding these publications remain quite restrained, therefore, the influence on the euro by less influential statistics in the eurozone is possible.

In the American session, market attention will be focused on employment data in the United States, Canada’s GDP and data on oil inventories in the United States. The publication of Canadian GDP remains very significant, but it will have a local impact on the Canadian dollar.

Hanzenko Anton