The WEEK AHEAD Forex Trading calendar: WC Monday 26th to Friday 30th 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 26th

9am – German IFO index (September): expected to rise to 106.8 from 106.2 for the business climate index, an indication of some improvement after weakness in August.

3pm – US new home sales (August): expected to fall to an annual rate of 601K from 654K.

 

Tuesday 27th

1.50am – BoJ meeting minutes: last week’s meeting provided plenty of interest, as the BoJ essentially committed to a very open-ended and long-term easing policy. The minutes could hint at other measures being contemplated.

2am – 3.30am – first US presidential election debate: the first clash between the two candidates could see some volatility, particularly in thinner overnight markets.

2.45pm – US Markit services PMI (September, flash): expected to remain steady at 51, in line with August.

3pm – US Conference Board consumer confidence (September): this is forecast to fall to 98.6 from 101.1, indicating some caution among US consumers.

 

Wednesday 28th

7am – German consumer confidence (October): expected to fall to 10.1 from 10.2, which could lead to some weakness in eurozone markets.

1.30pm – US durable goods orders (August): overall orders are forecast to fall 0.8%, from a revised 1.3% last month.

3.30pm – US EIA crude inventories (w/e 23 September): stockpiles are expected to fall by 200,000 barrels, after a heavy fall of 6.2 million barrels a week earlier.

 

Thursday 29th

8.55am – German unemployment data (September): expected to fall by 5,000, compared to a drop of 7,000 in August. The unemployment rate is expected to hold at 6.1%.

10am – eurozone business confidence (September): forecast to rise to 0.1 from 0 in August.

1pm – German inflation data (September): forecast to rise 0.6% from 0.4% in August.

1.30pm – US GDP growth (Q2, final), initial jobless claims (w/e 24 September): growth is expected to rise to 1.3% QoQ from 1.1%, while personal consumption expenditure rises by 1.8% in the period, compared to 2.1% in Q1. Initial jobless claims are expected to be 256K for the week, compared to 252K for the preceding week.

3pm – US pending home sales (August): expected to fall to -0.1% MoM, compared to 1.3% in July.

 

Friday 30th

9.30am – UK GDP (Q2, final): growth is expected to be revised to 0.6% QoQ and 2.2% YoY, from 0.4% and 2% respectively.

10am – eurozone unemployment rate (August), inflation (September, flash): unemployment is expected to fall to 10% from 10.1%, while inflation rises to 0.4% from 0.2% YoY, and core inflation rises to 0.9% from 0.8%.

2.45pm – US Chicago PMI (September): expected to rise to 52.5 from 51.5.

3pm – US Michigan consumer confidence (September, final): the last revision is expected to push the number to 90 from 89.8.

 

Saturday 1st

2.45am – China Caixin manufacturing PMI (September): forecast to fall to 49.3 from 50, indicating that the sector is contracting.

 

Source: Joshua Mahony / Forex Factory / Charles Clifton

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