The Week Ahead: Week of 16 October US Existing Home Sales Faces Challenges

In August, U.S. retail sales exceeded expectations due to higher gasoline prices, impacting the economy. UK CPI was predicted to reach 7.0% but surprised at 6.7%, leading to adjustments in future rate hike expectations. Unexpectedly, U.S. existing home sales declined in August, indicating housing market challenges despite prior stabilisation.

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Tuesday, 17 October, 15:30 - US Retail Sales (MoM) (Sep)

In August, U.S. retail sales surpassed expectations due to a surge in gasoline prices, which boosted service station receipts. The rising gas prices are impacting the economy and could dampen shoppers' momentum as holiday shopping season approaches.

Wednesday, 18 October, 09:00 - UK CPI (YoY) (Sep)

Economists anticipated a CPI increase to 7.0% from July's 6.8% due to higher fuel prices and a tax hike on alcoholic drinks. However, the unexpected 6.7% figure surprised the market. The BoE previously forecasted inflation reaching 7.1% before a notable drop to about 5% in October, still well above its 2% target.

Thursday, 19 October, 09:00 - US Existing Home Sales (Sep)

In an unexpected turn, the latest U.S. existing home sales dropped from 4.07m to 4.04m. The housing market had exhibited signs of stabilization after the Federal Reserve's aggressive monetary policy tightening, but it now appears to be facing challenges. Homebuilder confidence decreased, and there was a drop in housing starts during August as well.

The Week Ahead: Week of 16 October US Existing Home Sales Faces Challenges

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Tags: Analysis

Dollar Mixed as Tariff Tensions Rise and Jobs Data Buoys Fed Outlook | 4th July, 2025

On July 4, strong U.S. jobs data boosts the dollar, but Trump’s tariff warning sparks trade uncertainty. USD/CAD dips near 1.3600 as oil rebounds; AUD/USD slips below 0.6650. NZD/USD holds near 0.6050, GBP/USD steadies at 1.3650, and USD/CNY stays firm as PBOC signals caution. Markets eye ISM data and tariff updates for next moves.

Moneta Markets | 29 minutes ago

ATFX Market Outlook 4th July 2025

The U.S. economy added 147,000 jobs in June, beating expectations of 110,000, while the unemployment rate fell to 4.1%. Traders are now betting that the Fed is unlikely to cut rates before September. Meanwhile, the House narrowly passed Trump's major fiscal bill by a vote of 218 to 214. U.S. stocks rallied on Thursday, hitting fresh record highs.

ATFX | 3h 11min ago

Nonfarm payrolls take center stage

Slide in US private payrolls raise concerns about NFP miss - US strikes trade deal with Vietnam ahead of July 9 deadline - Pound feels the heat of fiscal shenanigans - S&P 500 hits fresh record high ahead of jobs report

XM Group | 20h 41min ago

Gold declines as trade optimism reduces safe-haven demand, while a weak dollar limits losses

On Thursday, the price of gold fell to 3,340 USD per troy ounce, partially correcting the previous day’s gains. The decline reflects growing optimism over trade agreements, which reduced demand for gold as a safe-haven asset.

RoboForex | 22h 21min ago

Rate Shifts Steer FX Markets as Silver Holds Strong

On July 3, silver stays firm above $35.40 as Fed cut bets persist. EUR/USD holds near 1.1800, while GBP/USD lingers near 1.3585 ahead of UK jobs data. JPY strengthens after BoJ signals a hawkish pause. AUD/USD slips on weak trade surplus. Focus turns to US NFP and ISM data for market direction before the US holiday break.

Moneta Markets | 23h 44min ago

ESG or Instability? What EBC Sees in the Raja Ampat Shutdown

EBC analyses how Indonesia’s Raja Ampat nickel shutdowns signal deeper ESG tensions and policy risks in global commodity and currency markets.

EBC Financial Group | 1 day ago

ATFX Market Outlook 3rd July 2025

Wednesday’s ADP report showed a surprise decline of 33,000 private-sector jobs in June, marking the first contraction since March 2023 as economic uncertainty weighed on hiring. U.S. equities surged, with the S&P 500 and Nasdaq closing at record highs, driven by gains in tech stocks and relief following the U.S.–Vietnam trade agreement, which eased concerns over prolonged trade tensions

ATFX | 1 day ago

Powell keeps the door to a July cut open

Dollar slides as Powell sounds more dovish than expected - Trump’s bill passes through Senate, pending final vote in House - JOLTS job openings and ISM mfg. PMI reveal some improvement - Wall Street pauses uptrend, gold rebounds

XM Group | 1 day ago

EURUSD	1.17753	GBPUSD	1.36719	AUDUSD	0.65729
USDJPY	144.298	USDCAD	1.35715	USDCHF	0.79314