Volatility week with a number of key bank members’ speeches.
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This article is originally referred from JustForex News.
Today, JustForex’s team of financial analysts has prepared a new review of events in the upcoming week.
These events can significantly affect the Forex market. Choose and track the ones that are most important to you.
Last week, the “majors” showed a variety of trends. Demand for the US dollar increased significantly after the Fed’s decision. The regulator plans to begin cutting assets on its balance sheet in October this year, which is $4.5 trillion. The central bank also published quite optimistic economic forecasts. The probability of increasing the range of the Fed’s key interest rate in December of this year increased to 71.4%. Nevertheless, the US currency lost its achievements quite quickly.
In the upcoming trading week, we recommend you to pay attention to the following macroeconomic events and reports.
September 25th, Monday
On Monday, the news background will be fairly calm. At 11:00 (GMT+3:00) the IFO business climate index for Germany will be published.
At 16:00 (GMT+3:00) the head of the ECB Draghi will give a speech.
September 26th, Tuesday
On Tuesday, during the Asian trading session, the data on the New Zealand balance of trade will appear at 00:45 (GMT+3:00). At 02:50 (GMT+3:00) the minutes of the meeting on the monetary policy of the Bank of Japan will be published.
The publication of important economic reports from the Eurozone is not planned.
We recommend paying attention to the USA statistics:
- The consumer confidence index of CB at 17:00 (GMT+3:00);
- Sales of new housing at 17:00 (GMT+3:00).
At 19:45 (GMT+3:00) the Fed’s chairman Yellen will give a speech.
September 27th, Wednesday
On Wednesday, we expect the publication of important economic reports:
- Statistics on orders for durable goods in the US at 15:30 (GMT+3:00);
- The index of pending sales in the real estate market in the US at 17:00 (GMT+3:00);
- Crude Oil Inventories in the US at 17:30 (GMT+3:00).
At 18:45 (GMT+3:00) the Governor of the Bank of Canada Poloz will give a speech.
At 23:00 (GMT+3:00) the meeting of the Reserve Bank of New Zealand will take place. At the moment, most experts believe that the regulator will leave the interest rate at the previous level of 1.75%.
September 28th, Thursday
On Thursday, during the European trading session, participants of the financial markets will follow the head of the Bank of England Carney’s speech at 11:15 (GMT+3:00).
At 15:30 (GMT+3:00) statistics on GDP and trade balance of the United States will be released.
We recommend you to pay attention to the speeches of the FOMC representatives George and Fisher at 16:45 (GMT+3:00) and at 17:15 (GMT+3:00), respectively.
September 29th, Friday
On Friday, the news background will be very eventful.
In the Asian trading session, a number of important statistics on the Japanese economy will be published: household expenditures, inflation report, industrial production and retail sales in the country.
At 04:45 (GMT+3:00) the index of business activity in the manufacturing sector of China from Caixin will be released.
In the European trading session, investors’ attention will be focused on the following economic reports:
- Statistics on the labor market in Germany at 10:55 (GMT+3:00);
- The UK GDP data at 11:30 (GMT+3:00);
- A report on inflation in the Eurozone at 12:00 (GMT+3:00).
At 15:30 (GMT+3:00) we expect statistics on the individuals’ expenditures in the US and the report on Canada’s GDP.
At 17:15 (GMT+3:00) the head of the ECB Draghi will give a speech.
Original Source: JustForex News