In the coming week the calendar seems to be getting lighter.
On the monetary front we note the release from China of PBoC’s interest rate decision on Monday’s Asian session, while the highlight is expected to be from Canada, BoC’s interest rate decision on Wednesday. As for financial releases, we start on Tuesday as we get New Zealand’s trade data and Canada’s PPI rates for September and on Wednesday Eurozone’s preliminary consumer confidence for October.
Overall we see the case for the ECB to maintain a dovish stance in the coming week, A number of ECB policymakers are scheduled to speak next week, yet the speech of ECB President Lagarde’s at the Atlantic Council next Wednesday about Europe’s economic outlook seems to stand out and may affect EUR traders stance. As for financial releases we highlight the preliminary PMI figures for August next Thursday.
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