Let's take a closer look at what potentially impactful market events are happening this week! 📊
Potential rollout of the first-ever Bitcoin ETF (19 October, Tuesday)
The first bitcoin exchange-traded fund is expected to start trading on Tuesday, making the most widely traded cryptocurrency available to most investors with a brokerage account. Although many analysts are pessimistic, a final approval would likely boost Bitcoin's price. Or vice versa, if for some reason the ETF is cancelled, BTC/USD might decline as the recent push to record highs is believed to be due the hype about the upcoming ETF.
Several CPI releases at once (20 October, Wednesday)
CPI is a broad measure of inflation. On Wednesday, the CPI will be released for Europe, the United Kingdom, and Canada. When the CPI changes, central bank monetary policy may follow suit. Higher inflation in the form of a higher CPI naturally makes an individual unit of the currency worth less, as there are more units of that currency needed to buy a given item, and vice versa. On Wednesday, watch out for EUR/USD, GBP/USD, and CAD/USD!
The EIA United States Crude Oil Stocks Change (21 October, Thursday)
The Energy Information Administration's (EIA) Crude Oil Stocks Change Indicator is published weekly. It measures the number of barrels of commercial crude oil held by US companies. It is one of the indicators affecting world oil prices. Growing crude oil stocks indicate a weaker demand for oil and can have a negative impact on the oil barrel price, and vice versa. Watch out for OIL.WTI, as well as CAD/USD as Crude Oil is Canada's main export.
Germany's Purchasing Managers Index PMI (22 October, Friday)
The PMI assesses the business conditions of the manufacturing and service sectors of a country. The PMI is used to measure the change in the spending of business firms. Germany's PMI may reflect the EUR/USD price as it is the leading economy in Europe.
United Kingdom & Canada Retail Sales (22 October, Friday)
Retail Sales show the changes in the value of retail goods sold in a country/region, in this case, the United Kingdom and Canada. The indicator is used in forecasting, budgeting and in the development of the financial and economic policy. The retail sales growth can affect the British pound quotes positively, and vice versa. Watch out for GBP/USD.
European Union Leaders Summit (21 - 22 October, Thursday - Friday)
EU Leaders Summit is a regular two-day meeting of EU leaders and senior officials. Press conferences and open meetings of participants are held during the event. Depending on the events discussed at the summit, as well as political and economic rhetoric of the participants, euro quotes may change for a short time. Watch out for EUR/USD.
37 companies' Q3 earnings reports (18 - 22 October, Monday - Friday)
As quarterly earnings reports may cause volatility for stocks, this week looks like a busy and exciting one in terms of earning reports around the world.
Monday - 18 October
State Street - STT.N
Mercilays - MERY.PA
Koninklijke - DSMN.AS
Tuesday - 19 October
Johnson & Johnson - JNJ.N
Procter & Gamble - PG.N
Netflix - NFLX.OQ
Phillip Morris - PM.N
Intuitive Surgical - ISRG.OQ
Deutsche Borse - DB1Gn.DE
Halliburton - HAL.N
Wednesday - 20 October
IBM - IBM.N
Tesla - TSLA.OQ
Verizon - VZ.N
ASML - ASML.AS
Biogen - BIIB.OQ
Discover - DFS.N
Northern Trust - NTRS.OQ
Biogen - BIIB.OQ
ASML Holding - ASML.OQ
NextEra Energy - NEE.N
Anthem - ANTM.N
Lam Research - LRCX.OQ
Abbott Laboratories - ABT.N
CSX Group - CSX.N
Thursday - 21 October
Intel - INTC.OQ
AT&T - T.N
Snapchat - SNAP.N
Freeport-McMoRan - FCX.N
Barclays - BARC.L
Whirlpool - WHR.N
Union Pacific - UNP.N
Randstad - RAND.AS
Bankinter - BKT.MC
Friday - 22 October
Honeywell - HON.N
Schlumberger - SLB.N
American Express - AXP.N
Robert Half - RHI.N
Stay up-to-date all the time
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