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  • Welcome to the Investors Trading Academy economic calendar of the week. Each week our news analysts

  • review the upcoming economic events that you should be monitoring. Mario Draghi manipulated

  • the markets like a master after the ECB held rates and policy as expected. Draghi’s comments

  • sent the euro tumbling 200 points. On the heels of the ECB were surprising earning reports

  • in the US. Traders were expecting a round of gloomy data, but reports have been pretty

  • rosy. On Friday, an unexpected move from the People Bank of China sent equities and commodities

  • rallying. This week’s Federal Reserve meeting could be anti-climactic. Expectations are

  • low the Fed will provide any new policy insight in the coming week, and focus should stay

  • on economic reports and a flood of earnings, from Apple, big oil, drug makers and others.

  • In fact, strategists say more clarity on what the Fed might do should come from the employment

  • report the following week. Market expectations put a less than 5 percent chance on the Fed

  • raising rates at its two-day October meeting, and the odds are not even that high for the

  • Fed's December meeting. The ECB President signaled that more QE and

  • lower deposit rates could come as soon as December, sending EUR lower across the board.

  • Fed inaction has put the Bank of Japan in a tough spot. BOJ Governor Haruhiko Kuroda

  • is expected to announce an increase to the bond buying program to boost growth as the

  • latest inflation data has disappointed. On Thursday Investorsattention will turn

  • to the October BoJ meeting where economists expect another round of easing. If confirmed,

  • model simulations have shown that more QE should lift USD/JPY by more than 4%.

  • US data dominates the economic calendar in the coming week with the highlight being the

  • Federal Reserve meeting on Wednesday. And the week kicks off on Monday with data on

  • new home sales while the Dallas Federal Reserve manufacturing survey is released.

  • On Tuesday, the Case Shiller measure of home prices will be released with a gauge of consumer

  • confidence and figures on orders of durable (or long-lasting) goods with the latter also

  • serving as a proxy for business investment. Also surveys are released by the Richmond

  • and Dallas Federal Reserve districts. On Thursday the first estimates of economic

  • growth are expected for the September quarter with economists tipping annualized growth

  • rate of 1.7 per cent -- a result that gives the Fed more ammunition to justify the low

  • rate environment. Also on Thursday is the release of weekly

  • data on claims for unemployment insurance and pending home sales. And on Friday, data

  • on personal income and spending is issued with the final reading of the consumer sentiment

  • index for October from the University of Michigan.

Welcome to the Investors Trading Academy economic calendar of the week. Each week our news analysts

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