There will be a lot of speeches by central bankers this week. St. Louis Fed President James Bullard, Cleveland Fed President Loretta Mester, Atlanta Fed President Raphael Bostic, Fed Vice Chair Lael Brainard, and others are scheduled to speak during the week. All of the above representatives are fans of aggressive rate hikes, so analysts expect them to increase the panic tone for investors further. Representatives of the ECB, the Bank of England, and Japan's Central Bank will also speak to the public. In terms of economic events, investors should consider the Eurozone inflation rate data, US personal consumption expenditures index, and the US personal income and spending data.
Monday, September 26
On Monday, investors should focus on the heads of the Central Banks of Japan and the Eurozone. There will also be important news on Germany, Europe's leading economy.
Main events of the day:
- – Japan Manufacturing PMI (m/m) at 03:30 (GMT+3);
- – Japan Services PMI (m/m) at 03:30 (GMT+3);
- – Japan BoJ Governor Kuroda Speaks at 08:35 (GMT+3);
- – Eurozone German GDP (q/q) at 09:00 (GMT+3);
- – Eurozone German IFO Business Climate (m/m) at 11:00 (GMT+3);
- – Eurozone ECB President Lagarde Speaks at 16:00 (GMT+3);
- – US FOMC Member Mester Speaks at 23:00 (GMT+3).
Tuesday, September 27
On Tuesday, traders should pay attention to the speech by Fed Chair Jerome Powell and the speech by ECB head Christine Lagarde. Any hints toward a less aggressive policy could halt the upward trend in the dollar index.
Main events of the day:
- – US Fed Chair Powell Speaks at 14:30 (GMT+3);
- – Eurozone ECB President Lagarde Speaks at 14:30 (GMT+3);
- – US Core Durable Goods Orders (m/m) at 15:30 (GMT+3);
- – US FOMC Member Bullard Speaks at 16:55 (GMT+3);
- – US CB Consumer Confidence (m/m) at 17:00 (GMT+3);
- – US New Home Sales (m/m) at 17:00 (GMT+3).
Wednesday, September 28
On Wednesday, investors will focus on the Japan Monetary Policy Protocol. The yen will remain at the center of attention after the intervention of the Bank of Japan in the foreign exchange markets. Fed Chairman Powell's speech will also be important as the market tries to gauge the possibility of a recession and how committed the Fed will be to curbing inflation if that recession begins. Volatility in pairs with the US dollar could spike. Traders should also not miss the Crude Oil Reserves, which essentially affect oil pricing.
Main events of the day:
- – Japan Monetary Policy Meeting Minutes (m/m) at 02:50 (GMT+3);
- – Australia Retail Sales (m/m) at 04:30 (GMT+3);
- – Eurozone ECB President Lagarde Speaks at 10:15 (GMT+3);
- – US Pending Home Sales (m/m) at 17:00 (GMT+3);
- – US FOMC Member Bullard Speaks at 17:10 (GMT+3);
- – US Fed Chair Powell Speaks at 17:15 (GMT+3);
- – US Crude Oil Reserves (w/w) at 17:30 (GMT+3);
- – US FOMC Member Bowman Speaks at 18:00 (GMT+3).
Thursday, September 29
On Thursday, investors should pay attention to US GDP data for the quarter and Canadian GDP data for the last month. Analysts expect the US and Canadian economies to shrink by 0.6% and 0.1%, respectively. In Europe, Germany and Spain will update the inflation data, and traders should be ready. It is also worth paying attention to the speech of the New Zealand Central Bank Governor.
Main events of the day:
- – New Zealand ANZ Business Confidence (m/m) at 03:00 (GMT+3);
- – Eurozone Spanish CPI (q/q) at 10:00 (GMT+3);
- – Eurozone German CPI (q/q) at 15:00 (GMT+3);
- – US GDP (q/q) at 15:30 (GMT+3);
- – US Initial Jobless Claims (w/w) at 15:30 (GMT+3);
- – Canada GDP (m/m) at 15:30 (GMT+3);
- – New Zealand RBNZ Gov Orr Speaks at 16:00 (GMT+3);
- – US FOMC Member Bullard Speaks at 16:30 (GMT+3);
- – US Natural Gas Storage (w/w) at 17:30 (GMT+3);
- – US FOMC Member Mester Speaks at 20:00 (GMT+3).
Friday, September 30
Friday will be very rich in economic events. The main data investors should focus on is the Consumer Price Iandex in the Eurozone. Also, traders should keep a close eye on the PCE Price index, which is a more important indicator of inflation for the US Federal Reserve than CPI. Moreover, throughout the day, several representatives of the Fed will make a speech. It's a bank holiday in Japan.
Main events of the day:
- – Japan Industrial Production (m/m) at 02:30 (GMT+3);
- – Japan Unemployment Rate (m/m) at 02:50 (GMT+3);
- – Japan Retail Sales (m/m) at 02:50 (GMT+3);
- – China Caixin Manufacturing PMI (m/m) at 04:45 (GMT+3);
- – Japan Consumer Confidence (m/m) at 08:00 (GMT+3);
- – UK GDP (q/q) at 09:00 (GMT+3);
- – Eurozone German Retail Sales (m/m) at 09:00 (GMT+3);
- – Switzerland Retail Sales (m/m) at 09:30 (GMT+3);
- – Eurozone French CPI (m/m) at 09:45 (GMT+3);
- – Eurozone German Unemployment Rate (m/m) at 10:55 (GMT+3);
- – Eurozone Italian CPI (m/m) at 12:00 (GMT+3);
- – Eurozone CPI (m/m) at 12:00 (GMT+3);
- – Eurozone Unemployment Rate (m/m) at 12:00 (GMT+3);
- – US PCE Price index (m/m) at 15:30 (GMT+3);
- – US FOMC Member Brainard Speaks at 16:00 (GMT+3);
- – US Chicago PMI (m/m) at 16:45 (GMT+3);
- – US Michigan Consumer Sentiment (m/m) at 17:00 (GMT+3);
- – US FOMC Member Bowman Speaks at 18:00 (GMT+3);
- – US FOMC Member Williams Speaks at 23:15 (GMT+3).
by , 2022.09.26
We advise you to get acquainted with the daily forecasts for the major currency pairs.This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.
Open Account