Forex - Weekly outlook: 10.22 - 10.26

The Federal Reserve (FED) meeting last week was unexpectedly hawkish, causing large fluctuations in the market. At the same time, in the Brexit negotiations, there was no substantial progress in the EU summit last week, and we still need to pay close attention this week.
In terms of economic data, the focus is on US durable goods orders and new home sales data for September, as well as the US third-quarter GDP report and personal consumption expenditure price index. At the same time, the euro zone will announce the initial value of the October consumer confidence index and the initial value of the October Markit manufacturing PMI.
In terms of central bank dynamics, the Bank of Canada, the European Central Bank, the Swedish central bank, and the Russian central bank will all announce interest rate resolutions this week, and the Bank of Japan will hold a meeting on market operations.
In terms of official speeches, European Central Bank President Mario Draghi will hold a press conference this week. Bank of England Governor Carney will deliver a speech at the University of Toronto, Canada. Bank of Canada Governor Poloz will hold a press conference, Chairman of the Clerland Fed Mestre also gave a speech.
Godbole believes that gold has repeatedly failed to close above the 100-day moving average and may be seen as a sign of exhaustion. Therefore, gold may be slightly adjusted back to the 10-day moving average in the future, but this market callback may not last long because of market sentiment. This is evident from the fact that although the Fed has stated that it will introduce a more stringent monetary policy, the price of gold is still stable near the 100-day moving average.
In addition, the technical side is biased towards bullishness. For example, the 5-week and 10-week moving averages regained action, the first time since the last week of December 2017.

Monday, October 22

Economic data
20:30 Canada August wholesale stocks
Canada wholesale sales in August
US September Chicago Fed National Activity Index
Central Bank News
09:00 Australian Federal Reserve Assistant Chairman De Bell speaks in Sydney
The Italian government will submit a response to the government budget to the EU.

Tuesday, October 23

The Bank of Japan held a meeting on market operations.
NYMEX New York crude oil November futures were affected by the shift to the month, the last transaction on the market was completed at 2:30 am on October 23, and the last transaction of the electronic disk was completed at 5:00 in the morning. Please pay attention to the risk of trading at the trading venue due to the monthly change. In addition, the trading period of some trading platforms US oil contracts is usually one day ahead of the NYMEX official, please pay more attention.
Bank of England Governor Mark Carney gave a speech at the University of Toronto conference on machine learning.
Andy Haldane, chief economist at the Bank of England, held a seminar on the launch of the Innovation Laboratory for the Economic Cooperation and Development Organization (OECD) Economic Challenges (NAEC).

Wednesday, October 24

In 2018, the FOMC voting committee and the chairman of the Federal Reserve Bank of Atlanta, Raphael Bostic, gave a speech on economic prospects and monetary policy.
Kansas Fed President Esther George spoke at the Sibos Conference in 2018 on the "US Payment System."
The Bank of Canada announced interest rate decisions and monetary policy reports.
Bank of Canada Governor Stephen Poloz and Senior Vice President Carolyn Wilkins held a press conference.

Thursday, October 25

In 2018, the FOMC voting committee and the chairman of the Federal Reserve Bank of Atlanta, Raphael Bostic, delivered a speech at the Energy Summit.
In 2018, the FOMC voting committee and Cleinland Fed President Loretta Mester participated in a question and answer session at the Cornell Club in New York.
The Federal Reserve issued a Beige Book on Economic Conditions.
Fed Governor Lael Brainard participated in a Q&A session of an event.
The European Central Bank announced interest rate resolutions.
European Central Bank President Mario Draghi held a press conference.

Friday, October 26

Federal Reserve Vice Chairman Richard Clarida spoke at a luncheon at the Peterson Institute for International Economics on "The Future of the US Economy and Monetary Policy."
In 2018, the FOMC voting committee and the chairman of the Cleveland Fed, Loretta Mester, gave a speech.
European Central Bank President Mario Draghi delivered a keynote speech at the end of the conference “Understanding Inflation Kinetics: The Role, Price and Expectations of Costs”.
European Central Bank Executive Benoit Coeure gave a speech.