KEY EVENTS FOR THIS WEEK

This are the key Economic Data that i'm going to watch thru out this week. And this week is purely belongs to the inflation data from UK, USA, Euro-Zone and Canada. And the most key week for the Sterling Pound. On this week i'll be looking for the Economic Data like CPI, ILO Unemployment Rate, Retail Sales, BoE Minutes Of Meeting and GDP all this data will be very important and BoE will be closely monitor this data before they go for Interest Rate decision in the next month of November. Some analysts and BoE policy makers are expecting one more hike in rate in November by 25bps to 5.00% from 4.75%. And i feel BoE Minutes of Meeting will reinforce this picture. Currently Uk inflation is at 2.5% and consensus estimate is at 2.4%. And from the USA i'll keep eyes on PPI, CPI, NAHB Housing Market Index and Hosing Starts & Building Permits. And Fed is still highlighting the uncertainity and risks associated with the slow down in housing market. Fed is still on the way to tighten the rate of inflation. In the long run the current higher inflation rate is really unacceptable to the Fed. And from Eur theres not too much of data to look out for, i'll be looking for German ZEW Survey and Euro-Zone CPI thats is from E12. German industrial production and orders are firing on all cylinders and i'm not seeing any sort of coming down, even though the despite fall in surveys such as ZEW and IFO index. August German industrial production of 7% in August is the highest since 1991. And from Swiss the only data that really count is Trade Balance. And from Canada i'll watching for Interest rate decision, most of the analysts are expecting is unchanged at 4.25% and another data is CPI. And therez is nothing to lookout for in Aussie or Kiwi. And from Yen the one data that i'll keep eye on BoJ Minutes Of Meeting this will provide some insight how far off a second rate hike is.
Thats all...