Please note ThinkMarkets does not provide CFD services to residents of the US.

Please note ThinkMarkets does not provide CFD services to residents of the US.

Learn To Trade
 
Indicators & Chart Patterns

Deepen your knowledge of technical analysis indicators and hone your skills as a trader.

Find your detailed guides here
Trading Glossary

From beginners to experts, all traders need to know a wide range of technical terms. Let us be your guide.

Learn more
Knowledge Base

No matter your experience level, download our free trading guides and develop your skills.

Learn more
Learn To Trade

Trade smarter: boost your skills with our training resources.

Create a live account
Market Analysis
 
Market News

All the latest market news, with regular insights and analysis from our in-house experts

Learn more
Economic Calendar

Make sure you are ahead of every market move with our constantly updated economic calendar.

Learn more
Technical Analysis

Harness past market data to forecast price direction and anticipate market moves.

Learn more
Live Webinars

Boost your knowledge with our live, interactive webinars delivered by industry experts.

Register now
Special Reports

Engaging, in-depth macroeconomic analysis and expert educational content from our in-house analysts

Learn more
Market Analysis

Harness the market intelligence you need to build your trading strategies.

Create a live account
Partnership
 
Affiliate Programme

Grow your business and get rewarded. Find out more about our Affiliate Programme today.

Learn more
Introducing Broker

ThinkMarkets ensures high levels of client satisfaction with high client retention and conversion rates.

Learn more
Proprietary Trading

Partner with us to build your own prop trading business. Enquire with our account managers today.

Learn more
White Label

We supply everything you need to create your own brand in the Forex industry.

Learn more
Regional Representatives

Partner with ThinkMarkets today to access full consulting services, promotional materials and your own budgets.

Learn more
Refer a friend

Receive $50 for you and your friend when you convert them into an active trader of ThinkMarkets.

Learn more
Partnership

Plug into the next-gen platforms and the trades your clients want.

Partner Portal
About ThinkMarkets
 
Sponsorships

Check out our sponsorships with global institutions and athletes, built on shared values of excellence.

Learn more
About Us

Find out more about ThinkMarkets, an established, multi-award winning global broker you can trust.

Learn more
Careers

Discover a range of rewarding career possibilities across the globe

Apply now
ThinkMarkets News

Keep up to date with our latest company news and announcements

Learn more
Trading Infrastructure

When it comes to the speed we execute your trades, no expense is spared. Find out more.

Learn more
Contact Us

Our multilingual support team is here for you 24/7.

Learn more
About ThinkMarkets

Global presence, local expertise - find out what sets us apart.

Create a live account
Log in Create account

Week Ahead Preview 17th of October

Mahmoud Alkudsi Mahmoud Alkudsi 17/10/2022
Week Ahead Preview 17th of October Week Ahead Preview 17th of October
Week Ahead Preview 17th of October Mahmoud Alkudsi

Markets will be waiting for very important data from the UK and other major economies this week. The UK’s mini-budget fiasco was among the hot topics recently which led the prime minister to fire her chancellor of exchequer Mr Kwarteng and replace him with Jeremy Hunt. Nonetheless, it does not look like Liz Truss is out of the woods yet after her disappointing press conference on Friday therefore, it is highly likely the Sterling pound to remain under pressure until markets get a clear political and fiscal image in the UK.
 
Investors will be following the 20th national congress of the Chinese communist party this week. President Xi is highly likely to continue in power and his policy towards Taiwan could stay unchanged given his focus on more urgent issues such as the property-development crisis, the problematic Covid zero policy, youth unemployment and economic growth. Eyes will be also on the Russian-Ukrainian war’s updates as any use of a prohibited kind of weapon could take this war to a different level. 
 
The US inflation report released last week erased any hope of a less-hawkish monetary policy from the Fed this year. Therefore, investors modified their portfolios pressing most US indices and the Gold to close in the red, while the greenback index stabilized above 113.00. On the other hand, the oil price fell by 7% on fears of lower demand due to an expected global recession.


Economic data highlights

Monday 17th of October

  • JPY- Industrial Production Final (AUG)
Tuesday 18th of October
  • NZD- Inflation Rate (Q3)
  • RBA Meeting Minutes
  • CNH- GDP Growth Rate (Q3)
  • CNH- Industrial Production (SEP)
  • CNH- Retail Sales (SEP)
  • EUR- ZEW Economic Sentiment Index (OCT)
  • USD- Industrial Production MoM (SEP)
  • USD- NAHB Housing Market Index (OCT)
Wednesday 19th of October
  • GBP- Core Inflation Rate (SEP)
  • GBP- Inflation Rate (SEP)
  • EUR- Core Inflation Rate Final (SEP)
  • CAD- Inflation Rate (SEP)
Thursday 20th of October
  • AUD- Unemployment Rate (SEP)
  • USD- CB Leading Index MoM (SEP)
  • USD- Existing Home Sales MoM (SEP)
Friday 21st of October
  • GBP- Gfk Consumer Confidence (OCT)
  • JPY- Inflation Rate (SEP)
  • GBP- Retail Sales (SEP)
  • CAD- Retail Sales (AUG)
  • EUR- Consumer Confidence Flash (OCT)
 
High-interest Rates Come with a Price
 
The higher-than-expected inflation read (8.2% vs 8.1%) of September revealed last week increased the odds for the fourth 75 bp rate hike in early November and opened the door for the fifth in December. Although, the Fed members would remain data-dependent before deciding the size of any rate hike.
 
The US interest rate could end 2022 at 4.50% weighing heavily on the housing market with a lower number of mortgage applications and consequently, lower profitability in the construction and furniture sectors leading some related companies out of business.     
 
BoE Monetary Policy
 
The Bank of England ended its temporary bond-buying scheme announced to slow down the sell-off of the Gilts (UK bonds) triggered by the unfounded tax cuts in the mini-budget.
 
Eyes will be on the coming meeting of the central bank on November 3rd, to see how aggressively the MPC members will hike rates possibly (75bp to 100bp). The consumer price index data of September (inflation) is expected to rise from 9.9% to 10% yet it is unlikely to be the main decider here however, the UK fiscal policy to be announced by Jeremy Hunt this week could be the main driver of the monetary policy. 
 
Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.

Related articles:

Trading Hours for Christmas and New Year Holi...

By ThinkMarkets

08/12/2023

Week Ahead Preview 9th of January

By Mahmoud Alkudsi

09/01/2023

Week Ahead Preview 3rd of January

By Mahmoud Alkudsi

03/01/2023

Week Ahead Preview 19th of December

By Mahmoud Alkudsi

19/12/2022

Week Ahead Preview 12th of December

By Mahmoud Alkudsi

12/12/2022

Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Back to top