U.S. Dollar Slides for Second Week as Tariff Threats and Iran Tensions Shake Markets 
Federal Reserve Faces Subpoena Delay Amid Investigation Into Chair Jerome Powell 
New York Fed President John Williams Signals Rate Hold as Economy Seen Strong in 2026 
South Korea Exports Surge in January on AI Chip Demand, Marking Fastest Growth in 4.5 Years 
BTC Flat at $89,300 Despite $1.02B ETF Exodus — Buy the Dip Toward $107K? 
Markets React as Tensions Rise Between White House and Federal Reserve Over Interest Rate Pressure 
Morgan Stanley Flags High Volatility Ahead for Tesla Stock on Robotaxi and AI Updates 
RBA Expected to Raise Interest Rates by 25 Basis Points in February, ANZ Forecast Says 
Indonesian Stocks Plunge as MSCI Downgrade Risk Sparks Investor Exodus 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
According to the CME Fed watch tool, market expectations for a Federal Reserve rate cut have decreased from 97% to 87% due to mixed U.S. economic data. The European Central Bank (ECB) is anticipated to cut rates by 25 basis points, given the economic challenges in the Eurozone, particularly in Germany. Market eyes Upcoming CPI releases from China, Canada, and New Zealand for further action from central banks. Major releases from the US are retail sales and initial jobless claims (Oct 17th, 12:30 pm GMT).
Earnings season is set to gain momentum, with major banks, including Blackrock and Bank of America, reporting results after JP Morgan exceeded profit projections. The positive market sentiment is reflected in recent gains in U.S. and European indices, despite ongoing concerns about oil prices and geopolitical factors.
Overall, the upcoming week is significant for economic data and market dynamics, as central banks' decisions could influence investor sentiment and trading strategies
UK Economic events to watch
UK CPI figures released on Wednesday are major economic data crucial for determining the Bank of England's potential actions, with a 75% chance of a 25-basis point cut on November 7 and a 60% chance of another in December. Upcoming reports on August employment (Oct 15th, 2024 6 am GMT) and September retail sales ( will assess wage growth and consumer spending. In the U.S., the earnings season becomes the focus, with major bank reports and retail sales data expected to provide insights into economic health. This week is packed with critical data influencing monetary policy and market sentiment. Overall, market participants are closely monitoring these developments.
