The biggest economic calendar events to prepare for in week 43

Key takeaways

• US economic data: Pay close attention to US housing data, jobless claims, GDP, and PCE for insights into the US economy and monetary policy.
• UK inflation: A higher-than-expected UK CPI could impact the GBP and UK government bonds.
• Trading opportunities: Consider trading assets like US30, NAS100, XAUUSD, US100, GBPUSD, UK100, DE30, and USDJPY based on the economic events.

Discover the most impactful economic events happening this week and how they could influence popular trading assets on Exness. Stay ahead of the curve and seize trading opportunities.

Monday, October 21

8:30 AM GMT: US Existing Home Sales

This weekly report measures the number of existing homes sold in the United States. A higher-than-expected reading could indicate a stronger housing market, potentially benefiting related assets like lumber and homebuilders.

Trading assets: US30, NAS100, XAUUSD, US100

Tuesday, October 22

10:00 AM GMT: UK Consumer Price Index (CPI)

The CPI measures inflation in the UK, providing insights into consumer spending and the Bank of England's monetary policy decisions. A higher-than-expected CPI could lead to expectations of tighter monetary policy, potentially impacting the GBP and UK government bonds.

Trading assets: GBPUSD, UK100, DE30

Wednesday, October 23

10:30 AM GMT: US Initial Jobless Claims

This weekly report measures the number of new unemployment claims in the US. A lower-than-expected reading suggests a strong labor market, which could support the US dollar and stock market.

Trading assets: US30, NAS100, USDJPY

Thursday, October 24

12:30 PM GMT: US Gross Domestic Product (GDP)

GDP measures the total economic output of the US. A stronger-than-expected GDP reading could boost the US dollar and stock market.

Trading Assets: US30, NAS100, USDJPY

Friday, October 25

1:30 PM GMT: US Personal Consumption Expenditure (PCE)

PCE is the Federal Reserve's preferred inflation measure. A higher-than-expected PCE reading could increase expectations of further interest rate hikes, impacting the US dollar and bond yields.

Trading assets: US30, NAS100, USDJPY

Conclusion

This week is packed with crucial economic events that could significantly impact financial markets. If you don’t normally trade on economic calendar events, consider switching to a risk-free demo account to explore theories and strategies. This way, you still gain all the experience and lessons learned without risking your equity.

From US housing data to UK inflation and US GDP, there are plenty of opportunities to capitalize on potential price movements. Stay informed, analyze the data, and be ready to seize trading opportunities on Exness. For more timely entry points, put a trading app on your phone and get real-time market updates wherever you are.

This is not investment advice. Past performance is not an indication of future results. Your capital is at risk, please trade responsibly.

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Author:

Paul Reid

Paul Reid is a financial journalist dedicated to uncovering hidden fundamental connections that can give traders an advantage. Focusing primarily on the stock market, Paul's instincts for identifying major company shifts is well established from following the financial markets for over a decade.