The Week Ahead (September 18-22)

By

George Lam

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September 15, 2023

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3

Min Read

TC Economic Insight - The Week Ahead (September 18-22)


Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.


We are looking into the trading week of September 18-22:




We can select economic data of "High", "Medium" or "Low" importance, or any combination of such filters:



We can select which economies to focus on:



Needless to say, investors should be focusing on the U.S. Federal Reserve’s decision on interest rate next Wednesday (September 20). 


According to Trading Central's "Economic Insight", the Fed would keep its key interest rate unchanged at 5.50%.



In the past 8 Fed Interest-Rate Decisions, EUR/USD rose in 75% of times (6 out of 8 events) within one hour from the report’s release, marking a trading range of 76.65 pips on average.


Meanwhile, central banks of Japan and the U.K. will also make decisions on interest rates.


Other key economic data include:


Monday (September 18)

Japan's stock market closed for holiday (Respect for the Aged Day).

Canada Producer Prices (AUG) expected to fall 0.8% on year.


Tuesday (September 19)

Australia Central Bank to release latest monetary meeting minutes.

U.S. Housing Starts (AUG) expected to fall 2.5% on month.

U.S. Housing Permits (AUG) to drop 1.3% on month.

Canada Inflation Rate (AUG) to increase to 4.2% on year.


Wednesday (September 20)

Japan Exports (AUG) expected to grow 0.1% on year.

U.K. Inflation Rate (AUG) to increase to 7.3% on year.

Germany Producer Prices (AUG) may fall 12.4% on year.

U.S. Federal Reserve expected to keep key interest rate unchanged at 5.50%.


Thursday (September 21)

New Zealand GDP (2Q) expected to grow 2.9% on year.

U.K. Central Bank expected to hike key interest rate by 25 bps to 5.50%.

U.S. Philadelphia Fed Manufacturing Index (SEP) may drop to 1.

U.S. Initial Jobless Claims (SEP 16) to tick up to 222,000.

U.S. Conference Board Leading Index (AUG) to fall 0.2% on month.

U.S. Existing Home Sales (AUG) to increase 1.5% on month.


Friday (September 22)

Japan Central Bank expected to keep key interest rate unchanged at -0.10%.

Japan Inflation Rate (AUG) to ease to 3.0% on year.

U.K. Retail Sales (AUG) may fall 0.7% on month.

Germany HCOB Manufacturing PMI (SEP) to rise to 41.5

Canada Retail Sales (JUL) expected to increase 0.1% on month.

U.S. S&P Global Manufacturing PMI (SEP) may climb to 48.8.



Happy Trading!



Source: Trading Central Economic Insight

George Lam

Technical Analyst
George Lam is a technical analyst attached to Trading Central's Hong Kong Office. George graduated from the University of Manchester with a bachelor's degree in economics, and has been engaged in the financial analysis field in Hong Kong for about 10 years.