Weekly Outlook: 2016, September 11 - September 18
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, 09-11-2016 at 09:18 AM (1097 Views)
The US dollar had a rough back-to-school week, but it made a comeback later on. Inflation data in the UK and the US, GDP data in New Zealand; rate decisions in the UK and employment data in the UK and Australia stand out. These are the top events on FX calendar.
- UK Inflation data: Tuesday, 8:30. Economists expect CPI to rise further to 0.7% this time.
- German ZEW Economic Sentiment: Tuesday, 9:00. Economic sentiment is expected to rise again to 2.8% in September.
- UK Employment data: Wednesday, 8:30. The number of unemployed is expected to increase by 1,700 in August.
- US Crude Oil Inventories: Wednesday, 14:30.
- NZ GDP: Wednesday, 22:45. GDP growth in the second quarter is estimated at 1.1%.
- Australian employment data: Thursday, 1:30. Analysts expect a job gain of 15,200 jobs in August, while the unemployment rate is expected to remain at 5.7%.
- UK rate decision: Thursday, 11:00. The bank is confident this move will reduce unemployment and improve the economic growth in the UK.
- US Retail Sales: Thursday, 12:30. Retail sales are expected to decline by 0.1% in August, while the core sales are expected to rise by 0.3%.
- US PPI: Thursday, 12:30.
- US Philly Fed Manufacturing Index: Thursday, 12:30. Philly Manufacturing activity index is expected to reach 1.1 in September.
- US Unemployment claims: Thursday, 12:30. The number of new claims is expected to reach 262,000 this week.
- US Inflation data: Friday, 12:30. CPI is expected to rise by 0.1% in August, while core CPI is estimated to gain 0.2%.
- US UoM Consumer Sentiment: Friday, 14:00. Consumer sentiment is expected to improve slightly to 91 in August.
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