With a new trading week comes new opportunities. So, we’ve gathered insights for the week ahead that highlight the current trends, scheduled events and potential movers to watch. Let’s get started.           

Calendar Events  

Canada CPI – October 21  
UK CPI – October 22  
Canada Retail Sales – October 23  
Japan CPI – October 24  
UK Retail Sales – October 24  
French PMI – October 24  
German PMI – October 24  
Eurozone PMI – October 24  
UK PMI – October 24  
US CPI – October 24  
US PMI – October 24  

Top Things to Watch  

US CPI Set to Move Markets  

The release of the US CPI has been postponed to Friday, Oct 24 due to the ongoing government shutdown, adding market uncertainty ahead of key inflation data. Headline CPI is expected at +0.4% MoM / +3.1% YoY, with core CPI seen at +0.3% MoM / +3.1% YoY. Traders are watching for signs of easing or persistent inflation that could sway Fed rate-cut bets and move the USD, yields, and gold before the late-October Fed meeting.        

Flash PMI Data   

Flash PMI data across the EU, UK, and US will be released on Friday, Oct 24, set to move markets alongside the US CPI. The surveys will gauge performance in the manufacturing and services sectors, offering fresh insight into how both parts of the economy are holding up.  

Earnings Spotlight: GE, Netflix, Coca-Cola, Tesla, Amazon, IBM & Intel  

A busy week of corporate earnings lies ahead, with reports from GE Aerospace, Netflix, Coca-Cola, Tesla, Amazon, IBM, and Intel set to offer fresh clues on consumer demand, tech profitability, and industrial strength amid slowing growth and policy uncertainty. Results could drive market sentiment ahead of the Fed’s late-October meeting.  

Renewed Credit Risks Pressure US Banks  

Fresh credit concerns hit US markets as Zions reported a $60M loan loss linked to alleged fraud, while Western Alliance sued the same borrower — reviving memories of the 2023 banking crisis.  JPMorgan also revealed a $170M loss tied to a subprime auto lender, raising worries over credit quality and boosting expectations of earlier Fed rate cuts.  

             

Trending Now:   

Source: Acuity   

   

Source: TradingView   

Why It’s Trending?   

Gold pulled back after eased US-China trade tensions reduced safe-haven demand, as President Trump called a full-scale tariff “unsustainable” and confirmed plans to meet China’s president. The retreat was short-lived, as prices remained supported due to geopolitical risks, the prolonged US government shutdown, and rising fiscal concerns. Expectations of a dovish Federal Reserve continue to support the precious metal.