A Week in the Market: Gearing Up for an Abundance of Statistics (2-6 October)

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/10/02.10.2023-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="A Week in the Market: Gearing Up for an Abundance of Statistics (2-6 October)" decoding="async" style="margin-bottom: 15px;" loading="lazy" /></div><p>China has days off, while the US is preparing to publish employment market data, and the eurozone is set to release a substantial volume of statistics. The upcoming week is expected to be exceptionally intriguing.</p>

<h2>USD: focus on the employment market</h2>

<figure><img decoding="async" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2022/01/USD.jpg" alt="USD: focus on the employment market" class="wp-image-11305" srcset="https://blog.roboforex.com/wp-content/uploads/2022/01/USD.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2022/01/USD-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2022/01/USD-768×401.jpg 768w, https://blog.roboforex.com/wp-content/uploads/2022/01/USD-150×78.jpg 150w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>Reports will be published on the manufacturing and services PMIs for September, as well as on the volume of factory orders, <a href="https://blog.roboforex.com/blog/2021/10/21/trade-balance-how-to-use-it-in-forex/" data-internallinksmanager029f6b8e52c="207" title="Trade balance">trade balance</a>, and the employment market. The unemployment rate is expected to drop to 3.7% in September while non-farm payrolls are likely to increase by 167,000, which is lower than in August. The USD has been holding a strong position so far; however, let us await the data releases.</p>

<h2>AUD: awaiting the RBA&rsquo;s decision</h2>

<figure><img decoding="async" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/01/audusd-1200×627.jpg" alt="AUD: awaiting the RBA’s decision" class="wp-image-2682" srcset="https://blog.roboforex.com/wp-content/uploads/2020/01/audusd.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/01/audusd-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/01/audusd-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>The Reserve Bank of Australia will hold its regular meeting to decide on the <a href="https://blog.roboforex.com/blog/2019/10/22/trading-news-how-to-earn-on-interest-rates/" data-internallinksmanager029f6b8e52c="90" title="Interest rate">interest rate</a>, which is likely to remain unchanged at 4.1% per annum. This may exert significant pressure on the <a href="https://roboforex.com/beginners/info/charts/forex/audusd/" data-internallinksmanager029f6b8e52c="33" title="AUD/USD">AUD</a>.</p>

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<h2>EUR: temporary neutrality</h2>

<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/08/euro-1-1200×627.jpg" alt="EUR: temporary neutrality" class="wp-image-5428" srcset="https://blog.roboforex.com/wp-content/uploads/2020/08/euro-1.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/08/euro-1-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/08/euro-1-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>The eurozone will present an abundance of statistics ranging from the unemployment rate in September, which could remain at 6.4%, to retail sales and business activity parameters. However, the neutrality of the <a href="https://roboforex.com/beginners/info/charts/forex/eurusd/" data-internallinksmanager029f6b8e52c="35" title="EUR/USD">EUR</a> exchange rate hinges on a pause in the USD rally.</p>

<h2>GBP: fragile stability</h2>

<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/08/gbp-1-1200×627.jpg" alt="GBP: fragile stability" class="wp-image-5294" srcset="https://blog.roboforex.com/wp-content/uploads/2020/08/gbp-1.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/08/gbp-1-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/08/gbp-1-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>The UK is set to release data on housing prices in September and the BRC retail prices along with the construction PMI. All these factors may become less relevant for the market if the USD resumes its strengthening <a title="&lt;div class=&quot;wpg-tooltip-content&quot;&gt;&lt;p&gt;A trend is a direction in which the market or the price of an instrument is moving. Trends can be upward, downward or sideways and are common to all types of markets.&lt;/p&gt;&lt;/div&gt;" href="https://blog.roboforex.com/glossary-terms/trend/">trend</a>, which could compel the <a href="https://roboforex.com/beginners/info/charts/forex/gbpusd/" data-internallinksmanager029f6b8e52c="36" title="GBP/USD">GBP</a> to retreat.</p>

<h2>JPY: still devaluating</h2>

<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/03/usdjpy-1200×627.jpg" alt="JPY: still devaluating" class="wp-image-3316" srcset="https://blog.roboforex.com/wp-content/uploads/2020/03/usdjpy.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/03/usdjpy-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/03/usdjpy-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>Devaluation remains the main scenario for the <a href="https://roboforex.com/beginners/info/charts/forex/usdjpy/" data-internallinksmanager029f6b8e52c="40" title="USD/JPY">JPY</a>. Nevertheless, the statistics to be published this week will show the state of Japan&rsquo;s economy and are therefore noteworthy. Information on the Tankan large manufacturers index and non-manufacturing index will be presented. In addition, the Bank of Japan is set to release data on <a href="https://blog.roboforex.com/blog/2022/06/30/what-is-inflation-reasons-and-consequences/" data-internallinksmanager029f6b8e52c="220" title="Inflation">inflation</a> and the <a href="https://blog.roboforex.com/blog/2019/10/29/trading-news-how-to-make-money-on-gdp/" data-internallinksmanager029f6b8e52c="93" title="GDP">GDP</a>.</p>

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<a href="https://my.roboforex.com/en/register/">Open Trading Account</a></p><p>The post <a rel="nofollow" href="https://blog.roboforex.com/blog/2023/10/02/a-week-in-the-market-gearing-up-for-an-abundance-of-statistics-2-6-october/">A Week in the Market: Gearing Up for an Abundance of Statistics (2-6 October)</a> appeared first at <a rel="nofollow" href="https://blog.roboforex.com">R Blog – RoboForex</a>.</p>