1Finance

The greenback was unable to hold onto its rally as weak inflation continues weighing. What’s next? We will hear some Fed reactions and also a wide variety of figures from all over the world Here are the highlights for the upcoming week.

1. Janet Yellen talks: Sunday, 13:00, before markets open. The Chair of the Fed will address a forum of the G-30 and may provide some hints about the next moves coming from the central bank. She will have an opportunity to respond to the inflation figures.
2. UK inflation data: Tuesday, 8:30. The data for August showed an annual rise of 2.9%, which is quite rapid. A rise to 3% is expected.
3. Bill Dudley talks: Wednesday, 12:00. Dudley is, in effect, No. 2 in the Fed, as Vice Chair Stanley Fischer is stepping down. He has been quite upbeat about the economy, contrary to his previous dovish stance. Like Yellen, he will have an opportunity to comment on the inflation data.
4. US housing data: Wednesday, 12:30. Building permits are projected to tick down to 1.25 million while housing starts are forecast to remain unchanged.
5. Australian jobs report: Thursday, 00:30. The unemployment rate stood at 5.6% and no change is on the cards now.
6. Chinese GDP: Thursday, 2:00. The publication comes as the Chinese Communist Party convenes for its twice a decade Congress. In addition, the country will publish industrial output, retail sales, and other figures.
7. US Existing Home Sales: Friday, 14:00. A level of 5.32 million is expected now.

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