By David Papier

Next week begins on a relatively quiet note. Aside from the fundamental updates regarding Brexit and the global US trade saga, the first potentially market-moving information comes from the Bank of Japan (BOJ) as they release the latest minutes from the monetary policy meeting in the early hours of Tuesday morning.

Influential data really starts to ramp up on Wednesday evening as the Federal Reserve update the markets with their interest rate decision and monetary policy statement at 19:00 (BST). The USD will be interesting to monitor during the press conference 30 minutes later in which the, always eager to know more, members of the press quiz the Fed Chair Jerome Powell further about forward guidance. For those who trade the NZD, we hear from the Reserve Bank of New Zealand at 22:00 (BST) who are due to deliver their decision on interest rates and stance of monetary policy.

Dollar_NFP

From midday Thursday we could see the EUR/USD pairing move into focus, as Germany is set to release their Consumer Price Index (CPI) followed closely by US GDP data and durable goods. Durable goods refer to goods planned to last for three years or more, such as motor vehicles and appliances. Due to the typically larger cost, they are a good way of gauging the US economic situation and therefore should command attention.

At the break of Friday, the Yen could be volatile as Japan is due to release their CPI data at 00:30 (BST) alongside their unemployment rate, something to be mindful of if you’re holding overnight positions. Europe takes over in the morning with the German unemployment rate release, followed closely by the Sterling sensitive UK Gross Domestic Product at 09:30 (BST). Arguably the most important data comes out of the Euro Zone in the form of CPI inflation. Generally, a high reading anticipates a hawkish attitude which will be positive (or bullish) for the EUR, while a low reading is seen as negative (or bearish).

or LOGIN as existing customer

 

Economic Calendar

(All times are in BST)



Monday, 24th September

09:00 GER IFO – Business Climate
09:00 GER IFO – Current Assessment
09:00 GER IFO – Expectations
11:00 UK CBI Industrial Trends Survey
13:30 US Chicago Fed National Activity Index
13:30 CAD Wholesale Sales
15:30 US Dallas Fed Manufacturing Business Index

UK Company Announcements

Pennon Group PLC – Trading Statement

Tuesday, 25th September

00:50 JPY BoJ Monetary Policy Meeting Minutes
13:55 US Redbook Index
14:00 US Housing Price Index
15:00 US Richmond Fed Manufacturing Index
21:30 US API Weekly Crude Oil Stock
23:45 NZD Trade Balance
23:45 NZD Imports
23:45 NZD Exports

UK Company Announcements

SSE PLC – Trading Statement
Thomas Cook Group PLC – Trading Statement
United Utilities Group PLC – Trading Statement
Card Factory PLC – Interim Result
Next PLC – Interim Result

Wednesday, 26th September

08:00 EUR Non-Monetary Policy’s ECB Meeting
10:00 CHF ZEW Survey – Expectations
14:00 CHF SNB Quarterly Bulletin
15:00 US New Home Sales
15:30 US EIA Crude Oil Stocks Change
19:00 US FOMC Economic Projections
19:00 US Fed’s Monetary Policy Statement
19:00 US Fed’s Interest Rate Decision
19:00 US Fed’s Powell Speech
19:30 US FOMC Press Conference
22:00 NZD RBNZ Interest Rate Decision
22:00 NZD RBNZ Rate Statement

UK Company Announcements

PZ Cussons PLC – Trading Statement
SSP Group PLC – Trading Statement
AA PLC – Interim Result

Thursday, 27th September

07:00 GER Gfk Consumer Confidence Survey
07:00 UK Nationwide Housing Prices
09:00 EUR Economic Bulletin
10:00 EUR Services Sentiment
10:00 EUR Business Climate
10:00 EUR Consumer Confidence
10:00 EUR Industrial Confidence
10:00 EUR Consumer Confidence
13:00 GER Harmonized Index of Consumer Prices
13:00 GER Consumer Price Index
13:30 US Continuing Jobless Claims
13:30 US Initial Jobless Claims
13:30 US Gross Domestic Product Price Index
13:30 US Gross Domestic Product Annualized
13:30 US Durable Goods Orders
13:30 US Core Personal Consumption Expenditures
14:00 US Pending Home Sales

UK Company Announcements

RPC Group PLC – Trading Statement
888 Holdings PLC – Interim Result

Friday, 28th September

00:30 JPY Tokyo CPI ex Fresh Food
00:30 JPY Tokyo Consumer Price Index
00:30 JPY Unemployment Rate
02:45 CNY Caixin Manufacturing PMI
08:00 CHF KOF Leading Indicator
08:55 GER Unemployment Rate
09:30 UK Gross Domestic Product
10:00 EUR Consumer Price Index
13:30 US Core Personal Consumption Expenditure - Price Index
13:30 CAD Gross Domestic Product
14:45 Chicago Purchasing Managers’ Index
18:00 US Baker Hughes Oil Rig Count


Sources: Bloomberg/Companies

or LOGIN as existing customer