The WEEK AHEAD Forex Trading calendar: WC Monday 19th to Friday 23rd September 2016

Important: Please be aware that the following expected figures are analysts estimates based upon the data available at the time this calendar was posted. As each data point draws nearer you should expect some fluctuation in these expectations and stay as up to date as you possibly can as to any renewed expectations immediately prior to the release of a data point.

 

Monday 19th

No major economic data releases

 

Tuesday 20th

2.30am – RBA meeting minutes: having left policy unchanged, the minutes may help to point towards any changes for later in the year.

1.30pm – US housing starts and building permits (August):  building permits are expected to rise to an annual rate of 1.15 million, from 1.14 million, while housing starts fall to 1.19 million from 1.21 million.

 

Wednesday 21st

12.50am – Japan trade balance (August): surplus expected to narrow to Y322.2 billion from Y513.5 billion.

4am – BoJ interest rate decision: no change expected on policy, but we could see hints at more easing as the BoJ looks to enliven the Japanese economy.

3.30pm – US EIA crude inventories (w/e 16 September): after falling by 559,000 barrels in the previous week, stockpiles are expected to keep falling, this time by 1.2 million barrels.

7pm – Fed rate decision: the big event arrives, although the chances of a move are, according to Bloomberg, just 18%. The accompanying press conference due at 7.30 pm could provide some more information for markets as to the Fed’s current views.

 

Thursday 22nd

1.30pm – US initial jobless claims (w/e Sept 17): claims expected to rise to 262K from 260K.

3pm – eurozone consumer confidence (September, flash): expected to decline to -9.2 from -8.5, as worries about Brexit and slowing economies hit European consumers.

3pm – US existing home sales (August): expected to rise to 5.45M from 5.39M.

 

Friday 23rd

7am – German consumer confidence (September): forecast to drop to 10.1 from 10.2.

8.30am – German manufacturing & Services PMIs (September, flash): German manufacturing activity is expected to rise to 53.9 from 53.6; Likewise services activity is forecast to rise to 52.2 from a revised down 51.7 prior reading, potentially providing support to the euro.

1.30pm – Canadian CPI (August, retail sales [July]): price growth is expected to accelerate to 1.5% YoY from 1.3% while the MoM rate rises to 0.1% from -0.2%. After falling 0.1% in June, sales are expected to rise to 0.1%.

Source: Joshua Mahony (IG Index) / Forex Factory / Charles Clifton

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