A Week in the Market: A Focus on Key Data (16-20 October)
<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/10/16.10.2023-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="A Week in the Market: A Focus on Key Data (16-20 October)" decoding="async" style="margin-bottom: 15px;" loading="lazy" /></div><p>This week, investors will be interested in both the corporate earnings reports and the macroeconomic <a href="https://blog.roboforex.com/blog/2019/11/19/top-10-forex-indicators-that-every-trader-needs/" data-internallinksmanager029f6b8e52c="99" title="Indicators">indicators</a> from the US.</p>
<h2>China: in the spotlight again</h2>
<figure><img decoding="async" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2019/10/china-gdp-1200×627.jpg" alt="China: in the spotlight again" class="wp-image-1621" srcset="https://blog.roboforex.com/wp-content/uploads/2019/10/china-gdp.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2019/10/china-gdp-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2019/10/china-gdp-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>China is set to release reports on the <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>, industrial production, retail sales, and fixed asset investments. The stronger the data, the better for risk-related assets.</p>
<h2>AUD: in a weak position</h2>
<figure><img decoding="async" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/11/aud.jpg" alt="AUD: in a weak position" class="wp-image-6014" srcset="https://blog.roboforex.com/wp-content/uploads/2020/11/aud.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/11/aud-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/11/aud-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>Australia is gearing up to present a large set of data. It is worth noting employment parameters and the business sentiment index. The Reserve Bank of Australia will publish the minutes of its last meeting, which might offer insight into the regulator's future actions. The <a href="https://roboforex.com/beginners/info/charts/forex/audusd/" data-internallinksmanager029f6b8e52c="33" title="AUD/USD">AUD</a> exchange rate is still considerably weak and could be bolstered by robust reports.</p>
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<h2>GBP: awaiting positive news</h2>
<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/08/gbp-3-1200×627.jpg" alt="GBP: awaiting positive news" class="wp-image-5426" srcset="https://blog.roboforex.com/wp-content/uploads/2020/08/gbp-3.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/08/gbp-3-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/08/gbp-3-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>The UK is to release updates on the pricing landscape, including the producer input and producer output price <a href="https://roboforex.com/forex-trading/assets/indices/" data-internallinksmanager029f6b8e52c="11" title="indices trading">indices</a>, an official <a href="https://blog.roboforex.com/blog/2022/06/30/what-is-inflation-reasons-and-consequences/" data-internallinksmanager029f6b8e52c="220" title="Inflation">inflation</a> report, and the retail price index. Given the <a href="https://roboforex.com/beginners/info/charts/forex/gbpusd/" data-internallinksmanager029f6b8e52c="36" title="GBP/USD">GBP</a>'s current state of ambiguity, any positive news might help to bring stability to its position.</p>
<h2>EUR: lack of guidance from the ECB</h2>
<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/10/eur-1.jpg" alt="EUR: lack of guidance from the ECB" class="wp-image-5903" srcset="https://blog.roboforex.com/wp-content/uploads/2020/10/eur-1.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/10/eur-1-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/10/eur-1-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>The eurozone is scheduled to unveil the ZEW economic sentiment index and deliver the final inflation figures for September. The <a href="https://roboforex.com/beginners/info/charts/forex/eurusd/" data-internallinksmanager029f6b8e52c="35" title="EUR/USD">EUR</a> exchange rate appears weak, primarily as the European Central Bank refrains from issuing new <a href="https://blog.roboforex.com/blog/2019/11/28/signals-on-forex-where-to-search-how-to-find-filter-and-create/" data-internallinksmanager029f6b8e52c="101" title="Signals">signals</a> suggesting changes in interest rates.</p>
<h2>USD: still strong</h2>
<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2021/01/usd.jpg" alt="USD: still strong" class="wp-image-6604" srcset="https://blog.roboforex.com/wp-content/uploads/2021/01/usd.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2021/01/usd-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2021/01/usd-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>US retail sales and real estate data take centre stage this week. The market continues to monitor any signals related to the Federal Reserve’s monetary decisions. The series of <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> hikes is expected to remain paused at the November meeting. Demand for safe-haven assets keeps the USD in a strong position.</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/2023/10/16/a-week-in-the-market-a-focus-on-key-data-16-20-october/">A Week in the Market: A Focus on Key Data (16-20 October)</a> appeared first at <a rel="nofollow" href="https://blog.roboforex.com">R Blog – RoboForex</a>.</p>
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