Review of economic calendar for the next week (Sep 11 - Sep 15)

Monday – 09/11/2017

This Monday will likely be little volatile since there aren’t any significant announcements. Financial traders should follow the technical guidance along with the monetary policy outcomes last week to make trading decisions.

Tuesday - 09/12/2017

UK’s CPI y/y will be released at 4:30 GMT on Tuesday this week. Economists have forecasted the figure to advance to 2.8% from its prior level of 2.6%, suggesting that Pound Sterling could rise versus major currencies given the actual information being higher than expected as GBP is benefiting from Fed’s dovish tone and weak U.S. Non-Farm employment data in August.

Wednesday - 09/13/2017

There are six crucial releases from four top-tier countries on this Wednesday as follows:

  • UK’s Average Earnings Index 3m/y (4:30 GMT) is predicted to be 2.3%, up from its 2.1% data in August. We suggest that traders should enter the market with bullish positions once the confirmed data is more positive than predicted.
  • U.S. PPI m/m confirmed at 8:30 GMT may climb to 2.3% from the previously negative report of -0.1%.
  • Both the employment figure and unemployment rate of Australia are going to be broadcast at 9:30 GMT. The employment data is forecasted to have an 8.7K shrinkage, while the unemployment rate is likely to remain at 5.6%.
  • China’s Industrial Production y/y is expected to be 6.6%, rising from its August number at 6.4%.

Thursday - 09/14/2017

A string of important announcements from the United Kingdom, the United States, and Switzerland will be published on Thursday this week.

  • Swiss National Bank (SNB)’s meeting is going to take place at 3:30 GMT. SNB Governor Thomas Jordan has mentioned before that CHF was being overvalued, implying that Switzerland’s key interest rate will highly likely be left unchanged at -0.75%.
  • UK’s MPC Official Bank Rate divulged at 7:00 GMT is expected to be more hawkish since the figure may climb to 2-0-7 from its previous level of 2-0-6, signaling that the British Pound may strengthen. Meanwhile, UK’s Official Bank Rate could be held at 0.25%.
  • U.S. CPI m/m, Core CPI m/m and unemployment claiming data will be broadcast at 8:30 GMT. Both U.S. CPI rates are foreseen to be more positive from their past releases (U.S. CPI m/m may grow to 0.3% from the 0.1% data, while the core CPI m/m could advance by 0.1%). In a separate development, the unemployment claims may possibly ascend to 300,000 from the 298,000 figure, marking a new record high in more than two years. We recommend traders to wait for the information to be affirmed before making any trading decision since the Greenback could tumble when the reports come out.

Friday - 09/15/2017

Friday sees U.S. Retail Sales m/m data confirmed at 8:30 GMT. While the “core core” Retail Sales rate is highly likely to remain at 0.5%, the Retail Sales m/m could be down to 0.1% from the last data of 0.6%, hinting that the US dollar may trade lower if the actual data is less than expected.
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