Forex Weekly Outlook October 12-16

UK and US inflation data, German economic sentiment, UK and Australian employment data, US Retail sales, Unemployment Claims, Philly Fed Manufacturing Index and Consumer Sentiment. These are the main market movers on forex calendar. Join us as we explore the main events of this week.

Last week the Federal Open Market Committee released the minutes from its crucial meeting in September, where the members decided to hold off raising the Federal funds rate. The policymakers acknowledged that the labor market has improved over the year, getting closer to their estimates of longer-run normal rates. Regarding inflation, FOMC members stated that subdued inflation will improve in the near term and would return to normal levels over the medium term. Fed Chair Janet Yellen said it was decided to hold off the rate hike in September but expects such a move later this year.

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