Sunday, September 25, 2016

September 26 - 30 - Forex - Weekly outlook:

 
Investing.com - The U.S. dollar recovered slightly against a basket of major currencies on Friday, but remained near a two-week low as traders continued to digest policy announcements from the Federal Reserve and the Bank of Japan.

The Fed left interest rates unchanged at the conclusion of its policy meeting on Wednesday, but hinted that a hike could come in December if the job market continued to improve.

Monday, September 26 New Zealand is to release data on the trade balance. In the euro zone, the Ifo Institute is to report on German business climate. European Central Bank President Mario Draghi is to testify before the Committee on Economic and Monetary Affairs of European Parliament, in Brussels. Swiss National Bank Chairman Thomas Jordan is to speak at an event in Geneva. Bank of Canada Governor Stephen Poloz is to speak in Washington. The U.S. is to release data on new home sales. Later in the day, the market will turn its attention to the first televised U.S. presidential debate between Democratic nominee Hillary Clinton and Republican hopeful Donald Trump.

Tuesday, September 27 The U.S. is to release private sector data on consumer confidence. Federal Reserve Vice Chair Stanley Fischer is due to speak at an event in Washington, DC.

Wednesday, September 28 ECB President Draghi is to speak about current developments in the euro area at the German Bundestag, in Berlin. The U.S. is to publish data on durable goods orders. Fed Chair Janet Yellen is scheduled to testify before the House Financial Services Committee on regulation and supervision, while St. Louis Fed chief James Bullard is to speak in St. Louis.

Thursday, September 29 BoJ Governor Haruhiko Kuroda is to speak in Tokyo. Germany is to publish preliminary inflation data and a report on unemployment change. The U.K. is report on net lending. The U.S. is to publish final figures on second quarter growth, the weekly report on initial jobless claims and data on pending home sales. Fed Chair Janet Yellen is to speak, via satellite, at an event in Kansas.

Friday, September 30 Japan is to release data on inflation and household spending. China is to publish its Caixin manufacturing index. The U.K. is to report on the current account and publish revised data on second quarter growth. The euro zone is to release preliminary data on consumer inflation, while Germany is to release data on retail sales. Canada is to publish data on economic growth. The U.S. is to round up the week with data on personal income and spending, a report on business activity in the Chicago region and revised data on consumer sentiment.

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