Weekly outlook / Top 10 forex events: Oct. 11-15

NEW YORK (Forex News Now) – The FNN team has prepared a list of the top 10 economic events most likely to impact currency market trading and make realtime forex news during the coming week, Oct. 11-15.

All times are given in GMT.

1. Home loans (AUD): Monday, 12:30 A.M. – Australia’s statistics bureau is due to publish a report on the change in the number of new loans granted for owner-occupied homes in August.
2. Trichet speaks (EUR): Monday, 4:00 P.M. – The European Central Bank president, Jean-Claude Trichet, is due to speak at an event in Washington, D.C. FX traders will likely seek to discern clues to future monetary policy in his comments.
3. Consumer price index (GBP): Tuesday, 8:30 A.M. – Britain’s statistics bureau is scheduled to publish this key report on U.K. consumer price inflation in September.
4. FOMC meeting minutes (USD): Tuesday, 6:00 P.M. – The U.S. Fed’s key panel, the Federal Open Markets Committee, is to release the minutes of its latest policy-setting meeting.
5. Jobless claims change (GBP): Wednesday, 8:30 A.M. – The U.K. statistics bureau is to publish data on the change n the number of new claims for unemployment benefits in September.
6. Industrial production (EUR): Wednesday, 9:00 A.M. – Eurostat, the EU statistics office, is due to release this data, which is a leading indicator of economic health. The report measures the month-on-month change in industrial output.
7. Retail sales (NZD): Wednesday, 9:45 P.M. – New Zealand’s statistics bureau is to release this report on retail sales, a key gauge of consumer spending and central to indicator analysis, for August.
8. Trade balance (USD): Thursday, 12:30 P.M. – The Bureau of Economic Analysis is scheduled to publish this monthly report on the difference in value between imported and exported goods and services; Canada will also publish its trade balance. Meanwhile, the U.S. is also due to publish data on producer price inflation.
9. Initial jobless claims (USD): Thursday, 12:30 P.M. – The Department of Labor is due to release this data on the number of workers who filed new claims for jobless benefits during the previous week. The report is often quite influential on the dollar’s FX rate.
10. Core CPI (USD): Friday, 12:30 P.M. – The Bureau of Labor Statistics is scheduled to publish this key report on U.S. consumer price inflation, which excludes food and energy. The data is central in setting interest rates and is an important measure of purchasing power. At the same time, the U.S. is also to publish data on retail sales. Later in the day, the University of Michigan will release a closely followed survey of U.S. consumer sentiment.