![\"usdjpy-10-6\"](\"http:\/\/countingpips.com\/fx\/wp-content\/uploads\/2013\/10\/usdjpy-10-6.png\")
<\/a><\/p>\nThe biggest news of the week was the start of a US government shutdown after US Congress could not agree on a bill to keep the government running. The shutdown affected all government reports including the much-anticipated nonfarm US government payrolls employment report that was scheduled for Friday as well as the weekly commitments of traders report that shows the positions of large and small speculators in the futures (currency) markets.<\/p>\n
The dollar gained strength as the week went on and it will be interesting to see whether this trend continues as focus will likely continue to be on the government shut down and the impending US debt limit deadline on October 17. Will this looming uncertainty be a help or hindrance for the dollar going forward?<\/p>\n
See our latest Trends, Fibonacci & Price Level Reports: EURUSD<\/a>, GBPUSD<\/a>, USDJPY<\/a>, USDCHF<\/a>, USDCAD<\/a>, AUDUSD<\/a>, NZDUSD<\/a><\/p>\n <\/p>\n Monday<\/strong>‘s data releases are mostly second-tier has the Eurozone investor confidence<\/span>, Japan’s leading index & Coincident index<\/span> as well as the Bank of Japan’s monthly economic report<\/span> for October.<\/p>\n Tuesday<\/strong>‘s economic releases include a services PMI data out of China<\/span>, the unemployment rate and retail sales data out of Switzerland<\/span>, German trade balance data<\/span> out of the euro zone and the Canadian housing starts<\/span>.<\/p>\n Wednesday<\/strong> has the United Kingdom gross domestic product estimate<\/span>, the UK trade balance<\/span> and the US Fed meeting minutes<\/span>.<\/p>\n Thursday<\/strong> will feature the Chinese new loans<\/span> for September, the Australian employment change<\/span> for September and the United Kingdom Bank of England interest rate decision<\/span>.<\/p>\n Friday<\/strong> will have the German consumer price index<\/span> out of the Euro zone, employment change out of Canada<\/span> and the United States retail sales<\/span> are scheduled.<\/p>\n Please see the week’s highlighted economic events below:<\/p>\n This Week’s Economic Highlights:<\/strong><\/p>\n Sunday, October 6<\/strong><\/p>\n Australia — performance of construction index<\/p>\n Monday, October 7<\/strong><\/p>\n Japan — leading index\/coincident index Tuesday, October 8<\/strong><\/p>\n China — services PMI Wednesday, October 9<\/strong><\/p>\n United Kingdom — trade balance Thursday, October 10<\/strong><\/p>\n China — new loans Friday, October 11<\/strong><\/p>\n Euro zone — German CPI<\/span><\/strong> <\/p>\nFundamental Outlook – This upcoming week has a number of major economic news on the schedule that are worth watching for<\/h3>\n
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\nJapan — monthly economic report by Bank of Japan
\neuro zone — Sentix investor confidence
\nUnited States — consumer credit
\nJapan — trade balance<\/p>\n
\nSwitzerland — unemployment rate
\neuro zone — German trade balance
\nSwitzerland — consumer price index
\nSwitzerland — retail sales
\neuro zone euro zone — German factory orders
\nCanada — housing starts
\nUnited States — trade balance
\nAustralia — consumer confidence
\nJapan — meeting minutes<\/p>\n
\nUnited Kingdom — GDP report<\/span><\/strong>
\nUnited States — Fed meeting minutes<\/span><\/strong>
\neuro zone — German industrial production
\nNew Zealand — manufacturing index<\/p>\n
\nAustralia — employment change<\/span><\/strong>
\nAustralia — inflation expectation
\nUnited Kingdom — interest rate decision<\/span><\/strong>
\nUnited States — weekly jobless claims<\/p>\n
\nUnited States — producer price index
\nCanada — employment change
\nUnited States — retail sales
\nUnited States — University of Michigan confidence survey<\/span><\/strong>
\nUnited States — business inventories<\/p>\n