Weekly Market Outlook: 16-20 September
The upcoming week is filled with important economic events that will have a significant impact on the global financial markets. From central bank policy decisions to key economic data releases, traders and investors will be closely monitoring the developments to make informed decisions.
Monday: New Zealand Services PMI
The week kicks off with the release of the New Zealand Services Purchasing Managers’ Index (PMI). This data provides insights into the health of the services sector in New Zealand and can influence the performance of the New Zealand dollar in the forex market.
Tuesday: Eurozone ZEW, Canada CPI, US Retail Sales, US Industrial Production, US NAHB Housing Market Index
Tuesday is a busy day with multiple economic indicators being released. The Eurozone ZEW Economic Sentiment Index will give us an idea of business confidence in the region. In Canada, the Consumer Price Index (CPI) will be closely watched for inflation trends. The US will see the release of Retail Sales, Industrial Production, and the NAHB Housing Market Index, providing valuable information on consumer spending, manufacturing output, and the housing market.
Wednesday: UK CPI, US Housing Starts and Building Permits, BoC Summary of Deliberations, FOMC Policy Decision
On Wednesday, the focus shifts to the UK with the release of the Consumer Price Index (CPI). In the US, Housing Starts and Building Permits data will shed light on the health of the housing market. The Bank of Canada (BoC) will release the Summary of Deliberations, providing insights into the central bank’s thinking. The highlight of the day will be the Federal Open Market Committee (FOMC) Policy Decision, where the Federal Reserve is expected to announce its latest monetary policy stance.
Thursday: New Zealand Q2 GDP, Australia Labour Market Report, BoE Policy Decision, US Jobless Claims
Thursday brings more economic data releases, including New Zealand’s second-quarter Gross Domestic Product (GDP) figures. The Australian Labour Market Report will provide updates on job creation and the unemployment rate. The Bank of England (BoE) will announce its policy decision, and the US will release Jobless Claims data, offering insights into the state of the labor market.
Friday: Japan CPI, PBoC LPR, BoJ Policy Decision, UK Retail Sales, Canada Retail Sales
The week concludes with key economic events from Japan, China, the UK, and Canada. Japan’s Consumer Price Index (CPI) will be closely watched for inflation trends. The People’s Bank of China (PBoC) will announce its Loan Prime Rate (LPR). The Bank of Japan (BoJ) will release its policy decision, and the UK and Canada will release Retail Sales data, providing insights into consumer spending trends.
Overall, the week ahead is packed with important economic events that will shape market sentiment and trading strategies. Traders and investors should stay informed and be prepared for potential market volatility as a result of these developments.
