Chinese economists and traders share their outlook on the PBOC's CGB operations. On MNI Policy MainW...
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Thursday September labour market data print and Bloomberg consensus expects employment to rise 20k with the unemployment rate up 0.1pp to 4.3% but the participation rate steady at 66.8%. The August data disappointed falling 5.4k but unemployment was steady at 4.2% and underemployment moderated further. RBA Governor Bullock pointed out that the jobs data are volatile and that it is best to look at 3-month or quarterly averages. This release will round out Q3.
EURUSD is in consolidation mode. A bear mode remains in place following the recent breach of the 50-day EMA and a support at 1.1646, the Sep 25 low. This signal scope for a test of 1.1516, a Fibonacci retracement. Note that moving average studies are in a bull-mode position. This continues to highlight a dominant medium-term uptrend, suggesting the move down is likely a correction - for now. Initial firm resistance is 1.1672, the 50-day EMA.
| Date | Time | Country | Event |
| 15-Oct | 0745 | FR | HICP (f) |
| 15-Oct | 0800 | ES | HICP (f) |
| 15-Oct | 0840 | EU | ECB de Guindos at Resolution Mechanism Conference |
| 15-Oct | 1000 | EU | EZ Industrial Production |
| 15-Oct | 1900 | EU | ECB de Guindos at Alantra Anniversary Event |
| 16-Oct | 0900 | IT | HICP (f) |
| 16-Oct | 1000 | EU | Trade Balance |
| 16-Oct | 1000 | IT | Foreign Trade |
| 16-Oct | 1645 | EU | ECB Lane in Policy Panel at IIF Annual Meeting |
| 16-Oct | 1700 | EU | ECB Lagarde in IMF Policy Debate |
| 17-Oct | 1000 | EU | EZ HICP Final |
| 18-Oct | 1230 | EU | ECB Cipollone Speech at Euro50Group Meeting |
| 18-Oct | 1400 | EU | ECB Lagarde in Economic Outlook Panel at G30 |
| 20-Oct | 0700 | DE | PPI |
| 20-Oct | 0900 | EU | Current Account / ECB Schnabel at Macro&Fin Conference |
| 20-Oct | 0900 | IT | Construction Output |
| 20-Oct | 1000 | EU | EZ Construction Output / GDP 4th (Final) |
| 20-Oct | 1500 | EU | ECB Schnabel Panel at Macro & Finance Conference |