Trading CFDs carries considerable risk of capital loss. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

You are here: Home > Blog > FX Market Movers – October 2017

FX Market Movers – October 2017

October 04, 2017

The month of October is dense with appointments, especially with reference to the news that might come from Central Banks.

If, for the Federal Reserve, the market now stands at a high probability of rising rates in December, the ambiguous statements of Mr.Draghi on tapering and over-volatility in Europe leave us ready to all options. As usual, we are going to check out the market movers of October for the main economic areas of the G20.

United States

On October 4th the ISM services will be published and the next day we will get the trade balance and factory orders. As usual, the beginning of the month will be crucial to understanding the evolution of the labour market; on October 6th, however, the data on unemployment will be published and above all also the data on the creation of new jobs (NFP), 156 k in August. The issue of price variation remains central and on October 12th we will get the September production prices followed the next day by the inflation data. By going back a few days, the minutes of the last FOMC scheduled for October 11th will be crucial. Still on the calendar, attention to retail sales on October 13th, followed by industrial production on October 17th. After the publication of the Beige Book scheduled for October 18th, we will reach the end of October with the Markit Pmi data scheduled for the 24th, but especially on October 27th the Gdp of the third quarter of 2017 will be published. Among the noteworthy verbal interventions of Yellen we can quote those expected on October 4th and 21st.

Euro area

Obviously, all the attention will be on the ECB meeting of October 26th, a date in which Draghi will clarify the intentions of the Frankfurt board. This will be a crucial and anticipated step that will certainly generate volatility for the EurUsd exchange rate. Before that, however, attention to the macroeconomic data. Above all, the industrial production expected on October 12th, the German Zew of October 17th, and on the same day, Euroland inflation will be crucial to give a position to financial operators before the ECB meeting. Pmi Markit (October 24th) and the German IFO (October 25th) will also attend the ECB meeting on the 26th.


Waiting for a rise in rates announced by the Bank of England in the coming months, markets will pay close attention to Britain inflation figures and expected production prices for October 17th. Also fundamental: unemployment numbers and retail sales expected to be released on October 17th and 18th. On October 25th the data on the third quarter of GDP.


The early elections involving Japan could put macroeconomic data in the background, but certainly some variables will have to be taken into account for those working with JPY, especially trade balance (October 10th) and inflation (October 27th), the most interesting data.


As usual, here is a list of dates for the Central Bank Meetings scheduled for October.

Canada: October 25th

Turkey: October 26th

Russia: October 27th

Related articles

Forex and volatility with the ATR

May 15, 2018

The volatility of the forex world is one of those factors that attract a huge number of beginner and professional traders.
Read more

What really drives the forex market?

April 13, 2018

What really drives the forex market? This is a question that is difficult to answer especially due to the complexity of the forex market and all the variables that influence the quotations of a currency.
Read more

Market Movers – April 2018

April 02, 2018

At the beginning of April, we can expect a rise in rates of the Fed, in a very uncertain market moment, especially on the stock market.
Read more

Market movers - March 2018

March 01, 2018

A list of important events that can move the markets in March...
Read more

Forex Strategy with Japanese Candlesticks: the Engulfing Bar

February 18, 2018

For those trading on forex it is essential to understand all the signals that the market offers daily. Technical analysis tools help the trader understand who is dominating the market: bulls or bears.
Read more

Forex Market movers - Month of February

February 05, 2018

There are no appointments in the month of February with the two most important central banks in the world, ECB and FED.
Read more

Managing risk with the trailing stop

January 20, 2018

Good traders always use a stoploss when they open a new trade. You can use a regular stop, but you can also use a trailing stop.
Read more

Forex Market Movers – January 2018

January 02, 2018

Last year closed with important performances that were not seen for a while, especially concerning Euro and Dollar.
Read more

Inflation rate, an important market mover in forex

December 18, 2017

Among the most relevant macroeconomic data for forex traders, inflation must absolutely be included, or even better all the data on production price trends (PPI) and consumption (CPI).
Read more

Forex Market Movers – December 2017

December 01, 2017

December is crucial for the currency market, but not just because of the important meeting of the Federal Reserve scheduled for the 13th.
Read more

Most common mistakes in Forex trading

November 21, 2017

Forex trading can create significant error margins and for this reason the combination of money management, continuous training and common sense is crucial to get the success you want.
Read more

Forex Market Movers – November 2017

November 02, 2017

November starts with the Federal Reserve meeting that should lead to the rise of rates in the month of December.
Read more

Not all exchange rates are the same

October 21, 2017

The Forex market allows each trader to operate not only on major currencies like EurUsd, UsdJpy or GbpUsd (the so-called majors), but also on the so-called exotic cross currencies.
Read more

Forex Market Movers – Month of July

June 30, 2017

As always, the month of July represents the antechamber to the month of August, a usually volatile month for financial markets due to the low amount of trades and lower presence of institutional transactions.
Read more

Benefits of trading CFDs

May 21, 2016

What are the benefits of trading CFDs over traditional forms of trading?
Read more

Trading plan: don't trade without it

May 21, 2016

Every trader needs a good and personal trading plan and most important: you have to stick with it.
Read more