The Week Ahead (September 25-29)


George Lam


September 22, 2023



Min Read

TC Economic Insight - The Week Ahead (September 25-29)

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

We are looking into the trading week of September 25-29:

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:

As widely expected, the U.S. Federal Reserve maintained its policy rate in the 5.25%-5.50% range. 

However, the central bank indicated the possibility of one more rate hike before the year-end, and of keeping rates significantly tighter through 2024 than previously expected.

The next piece of inflation data the Fed watches carefully should be the Core Personal Consumption Expenditure (PCE) Price Index, which will be released on Friday (September 29).

According to Trading Central's "Economic Insight", the Core PCE Price Index Growth (August) would tick down to 3.9% on year.

In the past 12 Core PCE Price Index reports, EUR/USD fell in 58% of times (7 out of 12 events) within one hour from the report’s release, marking a trading range of 35.43 pips on average.

Other key economic data include:

Monday (September 25)

Germany Ifo Business Climate Indicator (SEP) to ease to 84.8.

U.S. Dallas Fed Manufacturing Index (SEP) to improve to -10.0.

Tuesday (September 26)

U.S. New Home Sales (AUG) to drop 1.7% on month.

U.S. Consumer Confidence Index (SEP) may tick down to 105.5.

U.S. Richmond Fed Manufacturing Index (SEP) to rise to 8.

Wednesday (September 27)

Australia Consumer Prices (AUG) expected to grow 5.1% on year.

Germany Gfk Consumer Confidence Index (OCT) to improve to -24.8.

U.S. Durable Goods Orders (AUG) expected to decline 1.4% on month.

Thursday (September 28)

Australia Retail Sales (AUG) to be up 0.1% on month.

Germany Inflation Rate (SEP) to ease to 4.9% on year.

U.S. GDP Growth Rate (Final Q2) expected at 2.1% on quarter.

U.S. Initial Jobless Claims (SEP 23) to increase to 205,000.

U.S. Pending Home Sales (AUG) to add 0.2% on month.

Friday (September 29)

China and Hong Kong markets closed for the Mid-Autumn Festival.

Japan Jobless Rate (AUG) expected to be stable at 2.7%

Japan Industrial Production (AUG) to fall 0.7% on month.

Japan Retail Sales (AUG) to grow 0.4% on month.

Germany Retail Sales (AUG) to fall 0.4% on month.

France Inflation Rate (SEP) expected to ease to 4.8% on year.

Eurozone Inflation Rate (SEP) to rise to 5.5% on year.

U.S. Core PCE Prices (AUG) expected to increase 3.9% on year.

U.S. Core PCE Prices (AUG) to grow 0.2% on month.

U.S. Personal Income (AUG) to increase 0.3% on month.

U.S. Personal Spending (AUG) to gain 0.6% on month.  

Canada GDP (JUL) to be flat on month.

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.
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