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Weekly Outlook: 2016, September 18 - September 25

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by , 09-18-2016 at 09:16 AM (1215 Views)
      
   
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The US dollar had a positive week, resisting unconvincing data. Now comes the biggest test: the Fed decision. In addition, we have US Building Permits, rate decisions in Japan and in New Zealand, as well as other events. These are the main events for this week.

  1. US Building Permits: Tuesday, 12:30. The number of new residential permits is expected to rise to 1.17 million in August.
  2. Stephen Poloz speaks: Tuesday, 17:45. BOC Governor Stephen Poloz will speak in Quebec.
  3. Japan rate decision: Wednesday.
  4. US Crude Oil Inventories: Wednesday, 14:30.
  5. US Fed Decision: Wednesday: statement and projections at 18:00, Yellen’s press conference at 18:30.
  6. NZ rate decision: Wednesday, 21:00. Governor Graeme announced new lending restrictions for property investors to cool the housing market and enable further rate cuts in the coming months.
  7. US Unemployment Claims: Thursday, 12:30. Economists expect the number of claims will reach 261,000 this week.


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