A Week in the Market: Abundance of Statistics (23-27 October)

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/10/23.10.2023-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="A Week in the Market: Abundance of Statistics (23-27 October)" decoding="async" style="margin-bottom: 15px;" loading="lazy" /></div><p>An avalanche of statistics is expected this week, but the market will mostly focus on the US <a href="https://blog.roboforex.com/blog/2019/10/29/trading-news-how-to-make-money-on-gdp/" data-internallinksmanager029f6b8e52c="93" title="GDP">GDP</a> and the ECB&rsquo;s meeting results. Investors will have to rapidly take into account a stream of reports.</p>

<h2>USD: the US economy may grow faster</h2>

<figure><img decoding="async" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2021/01/usd-1.jpg" alt="USD: the US economy may grow faster" class="wp-image-6662" srcset="https://blog.roboforex.com/wp-content/uploads/2021/01/usd-1.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2021/01/usd-1-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2021/01/usd-1-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>Apart from data on business activity and personal income and spending of Americans, the US is set to release a report on preliminary Q3 GDP. The economy is expected to expand by 4.1%. It is worth noting that last quarter&rsquo;s growth was 2.1%. Robust statistics may support the USD positions.</p>

<h2>AUD: focus on inflation</h2>

<figure><img decoding="async" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/10/aud.jpg" alt="AUD: focus on inflation" class="wp-image-5803" srcset="https://blog.roboforex.com/wp-content/uploads/2020/10/aud.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/10/aud-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/10/aud-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>The Reserve Bank of Australia will present an annual report, which will provide insights into the overall economic environment and the regulator&rsquo;s future fiscal actions. <a href="https://blog.roboforex.com/blog/2022/06/30/what-is-inflation-reasons-and-consequences/" data-internallinksmanager029f6b8e52c="220" title="Inflation">Inflation</a> data for Q3 will also be published. If they exceed expectations, this could provide support for the <a href="https://roboforex.com/beginners/info/charts/forex/audusd/" data-internallinksmanager029f6b8e52c="33" title="AUD/USD">AUD</a> exchange rate.</p>

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<h2>EUR: the interest rate may remain unchanged</h2>

<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2022/01/EURO.jpg" alt="EUR: the interest rate may remain unchanged" class="wp-image-11306" srcset="https://blog.roboforex.com/wp-content/uploads/2022/01/EURO.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2022/01/EURO-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2022/01/EURO-768×401.jpg 768w, https://blog.roboforex.com/wp-content/uploads/2022/01/EURO-150×78.jpg 150w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>There will be a stream of statistics from the eurozone and some of its member countries, but investors will most probably focus on the meeting of the European Central Bank and its decision on the <a href="https://blog.roboforex.com/blog/2019/10/22/trading-news-how-to-earn-on-interest-rates/" data-internallinksmanager029f6b8e52c="90" title="Interest rate">interest rate</a>. The indicator is likely to remain at 4.50% per annum. Comments from the regulator will have great importance to the <a href="https://roboforex.com/beginners/info/charts/forex/eurusd/" data-internallinksmanager029f6b8e52c="35" title="EUR/USD">EUR</a>.</p>

<h2>CAD: the interest rate is not expected to change</h2>

<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/08/cad-1200×627.jpg" alt="CAD: the interest rate is not expected to change" class="wp-image-5425" srcset="https://blog.roboforex.com/wp-content/uploads/2020/08/cad.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/08/cad-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/08/cad-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>The Bank of Canada will hold a meeting to decide on the borrowing cost. The interest rate currently stands at 5.00% per annum and is unlikely to change. The regulator will most probably say that it needs time to collect data. The <a href="https://roboforex.com/beginners/info/charts/forex/usdcad/" data-internallinksmanager029f6b8e52c="38" title="USD/CAD">CAD</a> exchange rate will move depending on the central bank&rsquo;s comments and oil prices.</p>

<h2>JPY: devaluation persists</h2>

<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/12/jpy.jpg" alt="JPY: devaluation persists" class="wp-image-6436" srcset="https://blog.roboforex.com/wp-content/uploads/2020/12/jpy.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/12/jpy-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/12/jpy-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>Devaluation remains the main scenario for the <a href="https://roboforex.com/beginners/info/charts/forex/usdjpy/" data-internallinksmanager029f6b8e52c="40" title="USD/JPY">JPY</a>. Nevertheless, the statistics are important for understanding whether there are real grounds for a shift in monetary policy. Japan is gearing up to release information on core inflation in Tokyo. A high ratio may help stabilise the JPY exchange rate.</p>

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<a href="https://my.roboforex.com/en/register/">Open Trading Account</a></p><p>The post <a rel="nofollow" href="https://blog.roboforex.com/blog/2023/10/23/a-week-in-the-market-abundance-of-statistics-23-27-october/">A Week in the Market: Abundance of Statistics (23-27 October)</a> appeared first at <a rel="nofollow" href="https://blog.roboforex.com">R Blog – RoboForex</a>.</p>