Let's take a closer look at what potentially impact markets events are happening this week! 📊
ECB President Lagarde Speech (12 October, Tuesday)
The European Central Bank President Christine Lagarde Speech reflects the official position of the European Central Bank, therefore every speech is carefully examined by the market participants and analysts. If Christine Lagarde's rhetoric suggests possible developments in the future monetary policy, such as the upcoming tightening or easing, this may have a short-term effect on the euro. Watch out for EUR/USD today.
The EIA United States Crude Oil Stocks Change (14 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. Watch out for OIL.WTI, as well as CAD/USD as Crude Oil is Canada's main export.
17 companies' Q3 earnings reports (Tuesday - 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. Note that NAGA will also report its Q3 earnings this week, on Friday. .
<u>Tuesday - 12 October</u>
👉 Fastenal Co - FAST.OQ
<u>Wednesday - 13 October</u>
<u>Thursday - 14 October</u>
👉 Progressive Corp - PGR.N 👉 UnitedHealth Group Inc - UNH.N 👉 Bank of America Corp - BAC.N 👉 Walgreens Boots Alliance Inc - WBA.N 👉 Wells Fargo & Co - WFC.N 👉 Citigroup Inc - C.N 👉 Suedzucker AG - SZUG.DE 👉 Wirecard AG - WDIG.DE 👉 TomTom NV - TOM2.AS 👉 Alcoa Corp - AA.N
<u>Friday - 15 October</u>
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