October 2023 EVENTS
- US ISM Manufacturing PMI (September) (October 2nd at 15:00 GMT+1)
August’s ISM Manufacturing PMI printed at 48.5.
Possible influence: Volatile US Dollar, Gold and US Stocks
- Reserve Bank of Australia Interest Rate decision (October 3rd at 03:30 GMT+1)
The RBA will meet to decide on interest rates. The current rate is 4.10%.
Possible Influence: Volatile Australian Dollar
- OPEC+ Joint Ministerial Monitoring Committee (JMMC) meeting (October 4th)
OPEC+ Joint Ministerial Monitoring Committee will hold a meeting on February 1st. Its current deal is to cut production by 2 million barrels per day. Saudi Arabia has a voluntary production cut of 1 ml bpd while Russia has export cuts of 300,000 bpd - both until end 2023.
Possible Influence: Volatile Oil, Gasoline, and Natural Gas
- U.S. Unemployment Rate and Non-Farm Payrolls (NFP) (September) (October 6th at 13:30 GMT+1)
The Unemployment rate for August rose to 3.8% from previous 3.5%. Non-Farm Payrolls for August came in at 187,000.
Possible Influence: Volatile US Dollar, Gold and US Stocks
- Inflation data in US (September) (October 12th at 13:30 GMT+1)
Core CPI (excluding food and energy) was 4.3%, Year-over-Year in August. Top-line CPI for August came in at 3.7%, Year-over-Year, higher than expected 3.6%.
Possible Influence: Volatile US Dollar, Gold and US Stocks
- Retail Sales in US (September) (October 17th at 13:30 GMT+1)
Retail Sales grew to 0.6%, Month-over-Month, in August, which was higher than expected by the market.
Possible Influence: Volatile US Dollar, Gold and US Stocks
- Bank of Canada meeting (October 25th at 15:00 GMT+1)
The central bank will meet to discuss interest rates and policy. The current interest rate is 5% after rates were kept unchanged at the previous meeting on September 6th.
Possible influence: Volatile Canadian dollar
- European Central Bank Meeting (October 26th at 13:15 GMT+1)
The ECB will meet to set interest rates and to discuss policy on October 26th. The Eurozone deposit rate is currently at 4%.
Possible Influence: Volatile EUR, GER40
- Bank of Japan Meeting (October 31st at 03:00 GMT+1)
The Bank of Japan meets to set rates which are expected to remain at -0.10%
Possible Influence: Volatile Japanese Yen
- US Federal Reserve Meeting and Press Conference (October 31st - November 1st at 19:00 GMT+1 and 19:30 GMT+1)
The U.S. Central Bank’s 2-day meeting concludes on November 1st. They will announce their latest interest rate decision and hold a press conference after to discuss their outlook moving forward as well as their plans for adjustments to their balance sheet. The current rate is 5.5%. Rates were unchanged at their last meeting on September 20th.
Possible Influence: Volatile US Dollar, Gold and US Stocks
- Company Q3 Earnings Season (October)
The 3rd Quarter earnings season kicks off traditionally with big banks declaring first and all the major listed global companies declaring their earnings in the coming weeks.
Possible Influence: Volatile US Stocks
- Russian President Putin to meet Chinese President Xi in China (October)
The presidents of Russia and China are scheduled to meet in China to discuss mutual issues including energy, trade and the war in Ukraine.
Possible Influence: Volatile Gold prices