Forex – Weekly Outlook: October 22 – 26

0

Investing.com – This week investors will be looking ahead to Friday’s data on U.S. third quarter growth, while monetary policy decisions from the European Central Bank and Bank of Canada will also be in focus.

The GDP data is expected to show that U.S. economic growth slowed in the third quarter from the second, when the economy grew at its fastest pace in four years.

Investors will also be getting an update on the health of the U.S. housing market, which has been hit by rising borrowing costs as a result of Fed rate hikes, with the release of figures on new and pending home sales.

Data on Friday showed that sales of existing homes fell for a sixth straight month in September, in what was the largest decline in more than two years.

The BoC is widely expected to raise rates by a quarter point at its meeting on Wednesday and release updated economic forecasts.

Read more at : https://www.investing.com/news/forex-news/forex–weekly-outlook-october-22–26-1652621

LEAVE A REPLY

Please enter your comment!
Please enter your name here