Safe-Haven Demand Increases On N.K Bomb Test.
FXPrimus has summarized the important market indicators of the week.
This Week’s Indicators
ECB is going to publish its latest decision on interest rates on Thursday while Draghi will hold a conference after the announcement. Investors will focus on any clues provided by ECB’s president.
In the U.S, the figures of August ISM Services PMI are going to be released while speeches are expected to be delivered by a number of FOMC members.
In the U.K reports on Construction and Manufacturing are going to be released while British Pound is being under pressure on weak data and uncertainty over Brexit.
On Friday, the Chinese Trade Balance for the month of August could be a good opportunity for investors and volatility is expected to be high.
Another event on the calendar not to be missed is BoC’s interest rate decision on Wednesday as well as its latest Jobs report on Friday.
Meanwhile, safe-haven demand is increasing amid N.K test of a hydrogen bomb. Tensions and escalations could be expected.
Markit will release August UK Construction PMI sector activity figures.
The start of this week will have U.K traders focus on the Construction PMI release at 08:30 GMT.
The survey is expected to tick up t0 52.1 from a figure of 51.9 while BoE policymakers’ concerns raise amid surging inflation on a weak Pound.
As North Korea test of a hydrogen bomb eventuated, an escalation of the crisis could see safe-havens appreciate and the Dollar moving lower while U.S and Canada markets are closed.
RBA will announce its rate while Markit the UK Services PMI. Day will be followed by multiple speeches. A busy Tuesday starting with the announcement of Australia’s Cash Rate at 04:30 GMT. The session will continue with the UK Services PMI and U.S Factory Orders at 08:30 and 14:00 respectively.
Meanwhile, at 09:10 GMT RBA’s Lowe will speak at the Reserve Bank Board Dinner and FOMC Brainard will speak at the Economic Club of New York about the economic outlook and monetary policy at 12:00 GMT.
FOMC Kashkari and Kaplan will also appear at the University of Minnesota and Dallas’s FRB to make their own speeches.
A busy day with releases on GDP, Trade Balance, rates and manufacturing.
Another busy session starting with Australia’s second quarter GDP and followed by the Canadian Trade Balance and Interest Rate decision at 14:00 GMT.
U.S will also release its Trade Balance earlier at 12:30 GMT, and this will be followed by the ISM Manufacturing PMI also at 11:45 and 14:00 GMT respectively.
A crucial day for Euro due to ECB’s monetary policy decision. Data from AU and US also expected.
Market participants will take advantage of ECB’s policy announcement and Draghi’s speech later on at 12:30 GMT.
Australia will release its latest Retail Sales and trade Balance figures and U.S will follow with its latest Jobless Claims and Crude Stocks while later FOMC Dudley will speak at New York University.
The session will be followed by Japan’s final GDP figures at 23:00 GMT.
Closing week with Canada’s Employment report while earlier Chinese, Australian and U.K data are expected.
The end of the week Friday will be volatile as Canada’s Employment report will be released from CGAC.
RBA Lowe will make a speech at the Bank of China Sydney Branch’s 75th Anniversary Celebration Dinner while at the same time U.K will publish its latest Manufacturing Production figures at 08:30 GMT.
Canada will publish August’s Jobs report at 12:30 GMT and this will be followed by FOMC Harker speech at a research conference.
This week’s important indicators