17.10.16

Good morning,

The week got underway with data out of Japan which showed August's Capacity Utilization gaining ground on previous growth figures at 2.6%, up from 0.6% while Industrial Production contracted slightly, to 4.5% from 4.6% growth year on year until August. USDJPY trading at 104.11 at time of writing. Australia and New Zealand will be interesting over the next 24 hours as Reserve Bank of Australia's Deputy Governor Phillip Lowe is scheduled to speak before the RBA Meeting Minutes are published. New Zealand will publish Consumer Price Index figures. AUDNZD trading at 1.0684 at time of writing.

Italian Trade Balance figures will be the first item of data out in Europe this week, with the Euro Zone Consumer Price Index for September the big European data out this session. ECB President Mario Draghi is due to speak later today. The ECB Interest Rate decision is coming up this Thursday. EURUSD trading at 1.0980 at time of writing. The CB Leading Economic Index for September will be released in the United Kingdom and Monetary Policy Committee member Ben Broadbent is scheduled to speak this session.

Across the Atlantic today Capacity Utilization and Industrial Production figures for September will get the US session underway, while Canadian figures released today will include foreign portfolio investment in Canada and Canadian investments in foreign securities. USDCAD trading at 1.3279 at time of writing. The Bank of Canada will announce their Interest Rate decision this Wednesday.

I hope you all have a good week.