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The economic calendar of this Thursday, October 29, 2018 will be quite busy, with several events likely to influence the evolution of the EUR / USD on the Forex.
Let's take stock of the elements not to be missed in the economic calendar of the day:
09h: The day will begin with an intervention by Mario Draghi, the head of the ECB, in which traders will monitor any potential sign of concern from the ECB about growth prospects.
09:55 Then the German unemployment figures will be of interest to traders, with a drop of -10k expected, after -11k previously, for an expected unemployment rate stable at 5.1%.
14h: Still on the subject of Germany, it is then the preliminary CPI of the month of November that will be waited. The consensus anticipates a CPI up 0.2%, like the previous month.
14h30: In the United States, the first expected statistic will concern household spending in October, forecast up 0.4%, like the previous month. The Core PCE price index related to household expenditure is in turn forecast down to 1.9% against 2% previously (annual data).
16h: Pledges for US home sales in October are also on the agenda, with an increase of 0.8% expected, after + 0.5% previously.
20h: Finally, the most important event of the day will be the publication of the Minutes of the Fed, which will be closely monitored after the intervention dovish Fed boss Jerome Powell last night.
Other influential files on EUR / USD to watch this Thursday
This day will be the busiest of the week in terms of statistics, but we must not forget that in addition to the scheduled events, it will follow closely any potential statement about the trade war, with a meeting USA -China planned this Saturday during the G20. It will also be necessary to monitor the progress of the negotiations between Italy and the EU, as well as any potential declaration about Brexit.
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