
The week ahead in the FX Markets with Jamie Coleman from Thomson Financial www.thomsonfxhub.com Transcript: This is FX Hub's look at the week ahead, I'm Jamie Coleman The aftermath of the G7 meeting in Washington will dominate proceedings on Monday, but the economic calendar is light. On Tuesday, Canadian retail sales are a highlight. A rebound in sales in the August figures after a tumble in the July data. Late in the US session, early in Asia, expect the Reserve Bank of New Zealand to hold rates steady at a robust 8.25%. Wednesday, expect the release of the Nationwide home price index in the UK. With the steam showing signs of leaking out of the UK housing bubble, dealers will eye this number closely. Flash Purchasing managers data from the Eurozone is Wednesday as well. The index dropped sharply in September as the global credit crunch deepened. Existing home sales from the US round out the calendar on Wednesday. All indications are that the trend toward lower home sales and prices remains entrenched. Thursday the 25th sees the release of a flood of Chinese data. CPI, GDP retail sales and industrial production are all expected to maintain their breakneck pace. Business surveys from Germany and France are a focus of the European session with Ifo and Insee set to release their monthly indexes. Durable goods orders are set for release in the US Thursday morning,, as are new home sales. These are some of the last data releases before the Fed meeting on October 31. The market is still weighing the odds of an addition 25 bp cut at that meeting. That's our look at the week ahead. See you next week. I'm Jamie Coleman
