DAX Index October-December 2016 Forecast: ranging for direction within the levels inside Ichimoku cloud

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Press review

Sergey Golubev, 2016.10.01 10:41

Monday

• "Ford, General Motors and other U.S. automakers report their September sales figures. While sales have softened this year, the seasonally adjusted annual sales rate is still expected to top 17.6 million, according to analysts surveyed by Bloomberg. Last year, Americans bought a record-breaking 17.5 million vehicles."

Tuesday

• "Google will show off its new products."
• "U.S. Federal Reserve Bank of Richmond President Jeffrey Lacker will speak at a conference in West Virginia."
• "Darden Restaurants and Micron, which has struggled mightily due to falling demand for its memory chips, are out with earnings."
• "Vice presidential nominees Mike Pence and Tim Kaine will take the debate stage for their turn in the limelight. Presidential nominees Donald Trump and Hillary Clinton went head to head last week."

Wednesday

• "The U.S. Supreme Court, which begins its term this week, will hear arguments on an insider trading case. The decision could alter the way in which regulators define insider trading."
• "U.K. Prime Minister Theresa May will give the keynote speech at the Conservative party conference and will likely touch on Brexit."
• "Monsanto, which was just bought by Bayer for $66 billion, reports earnings in the morning. It will be followed in the afternoon by Yum, the parent company of KFC, Pizza Hut and Taco Bell."
• "The Fed’s Charles Evans and Jeffrey Lacker will speak at separate events."

Thursday

• "Some of Wall Street’s biggest names, including Jaime Dimon, James Gorman, Michael Corbat and Mohamed El-Erian, will speak at a meeting held by the Institute of International Finance that continues through Saturday.
• "The European Central Bank will release the minutes from its policy meeting in September, at which President Mario Draghi said there was no change to their monetary policy.

Friday

• "It’s time to take another pulse of the labor market. U.S. employers are expected to have added 175,000 jobs in September and the unemployment rate should be steady at 4.9%."
• "The IMF and World Bank convene their 2016 annual meeting in Washington, D.C. Among the scheduled speakers are former Treasury Secretary Tim Geithner and Bank of England Governor Mark Carney. On Sunday, IMF Managing Director Christine Lagarde will have a one-on-one conversation with financial journalist Michael Lewis, author of “The Big Short” and “Boomerang,” which will be live streamed here at 10 am ET."