The week that just has passed, brought some high volatility on the Forex market, especially in the second part. The ISM Manufacturing and Non-Manufacturing PMIs from the United States surprised with above expectations readings. Draghi has left the door open for a new cut of the interest rate and the Non-Farm Payrolls have disappointed with a lower number than expected.
| Date | Currency | Forecast | Previous | |
| MonSep 9 | NZD | Manufacturing Sales q/q | 0.20% | |
| JPY | Current Account | 0.32T | 0.65T | |
| JPY | Final GDP q/q | 1.00% | 0.60% | |
| JPY | Bank Lending y/y | 2.00% | ||
| JPY | Final GDP Price Index y/y | -0.30% | -0.30% | |
| AUD | ANZ Job Advertisements m/m | -1.10% | ||
| AUD | Home Loans m/m | 2.20% | 2.70% | |
| CNY | CPI y/y | 2.60% | 2.70% | |
| CNY | PPI y/y | -1.70% | -2.30% | |
| CNY | Trade Balance | 20.3B | 17.8B | |
| CNY | New Loans | 731B | 700B | |
| CNY | M2 Money Supply y/y | 14.60% | 14.50% | |
| JPY | Consumer Confidence | 44.3 | 43.6 | |
| CHF | Unemployment Rate | 3.20% | 3.20% | |
| JPY | Economy Watchers Sentiment | 53.8 | 52.3 | |
| CHF | Retail Sales y/y | 3.20% | 2.30% | |
| EUR | Sentix Investor Confidence | -4 | -4.9 | |
| CAD | Building Permits m/m | 4.40% | -10.30% | |
| USD | Consumer Credit m/m | 12.7B | 13.8B | |
| TueSep 10 | GBP | RICS House Price Balance | 38% | 36% |
| JPY | Monetary Policy Meeting Minutes | |||
| JPY | Tertiary Industry Activity m/m | -0.40% | -0.30% | |
| JPY | M2 Money Stock y/y | 3.80% | 3.70% | |
| AUD | MI Inflation Expectations | 2.30% | ||
| AUD | NAB Business Confidence | -3 | ||
| JPY | 30-y Bond Auction | 1.79|4.1 | ||
| CNY | Fixed Asset Investment ytd/y | 20.20% | 20.10% | |
| CNY | Industrial Production y/y | 9.90% | 9.70% | |
| CNY | Retail Sales y/y | 13.30% | 13.20% | |
| JPY | Prelim Machine Tool Orders y/y | -12.10% | ||
| EUR | French Industrial Production m/m | 0.70% | -1.40% | |
| GBP | BOE Credit Conditions Survey | |||
| USD | NFIB Small Business Index | 94.8 | 94.1 | |
| CAD | Housing Starts | 190K | 193K | |
| USD | JOLTS Job Openings | 3.96M | 3.94M | |
| WedSep 11 | JPY | BSI Manufacturing Index | 7.2 | 5 |
| JPY | CGPI y/y | 2.30% | 2.20% | |
| AUD | Westpac Consumer Sentiment | 3.50% | ||
| EUR | French Final Non-Farm Payrolls q/q | -0.20% | -0.20% | |
| EUR | German Final CPI m/m | 0.00% | 0.00% | |
| GBP | Claimant Count Change | -21.2K | -29.2K | |
| GBP | Average Earnings Index 3m/y | 1.30% | 2.10% | |
| GBP | Unemployment Rate | 7.80% | 7.80% | |
| EUR | German 10-y Bond Auction | 1.80|1.3 | ||
| GBP | CB Leading Index m/m | -0.20% | ||
| USD | Wholesale Inventories m/m | 0.30% | -0.20% | |
| USD | Crude Oil Inventories | -1.8M | ||
| GBP | MPC Member Miles Speaks | |||
| USD | 10-y Bond Auction | 2.62|2.5 | ||
| ThuSep 12 | NZD | Official Cash Rate | 2.50% | 2.50% |
| NZD | RBNZ Press Conference | |||
| NZD | RBNZ Rate Statement | |||
| NZD | RBNZ Monetary Policy Statement | |||
| JPY | Core Machinery Orders m/m | 2.50% | -2.70% | |
| AUD | Employment Change | 10.2K | -10.2K | |
| AUD | Unemployment Rate | 5.80% | 5.70% | |
| NZD | REINZ HPI m/m | -0.50% | ||
| EUR | German WPI m/m | 0.20% | -0.30% | |
| EUR | French CPI m/m | 0.50% | -0.30% | |
| EUR | ECB Monthly Bulletin | |||
| EUR | Italian Industrial Production m/m | 0.30% | 0.30% | |
| EUR | Industrial Production m/m | -0.10% | 0.70% | |
| GBP | Inflation Report Hearings | |||
| EUR | Italian 10-y Bond Auction | |||
| GBP | 10-y Bond Auction | 2.58|1.8 | ||
| CAD | NHPI m/m | 0.20% | 0.20% | |
| USD | Unemployment Claims | 332K | 323K | |
| USD | Import Prices m/m | 0.60% | 0.20% | |
| USD | Natural Gas Storage | 58B | ||
| USD | 30-y Bond Auction | 3.65|2.1 | ||
| USD | Federal Budget Balance | -155.3B | -97.6B | |
| FriSep 13 | NZD | Business NZ Manufacturing Index | 59.5 | |
| NZD | FPI m/m | 0.50% | ||
| JPY | Revised Industrial Production m/m | 3.20% | 3.20% | |
| CHF | PPI m/m | 0.20% | 0.00% | |
| EUR | Employment Change q/q | -0.20% | -0.50% | |
| EUR | Trade Balance | 15.3B | 14.9B | |
| EUR | ECOFIN Meetings | |||
| EUR | Eurogroup Meetings | |||
| CAD | Capacity Utilization Rate | 81.30% | 81.10% | |
| USD | Core Retail Sales m/m | 0.30% | 0.50% | |
| USD | PPI m/m | 0.20% | 0.00% | |
| USD | Retail Sales m/m | 0.50% | 0.20% | |
| USD | Core PPI m/m | 0.20% | 0.10% | |
| USD | Prelim UoM Consumer Sentiment | 82.6 | 82.1 | |
| USD | Prelim UoM Inflation Expectations | 3.00% | ||
| USD | Business Inventories m/m | 0.40% | 0.00% |
As you can see, on Monday the most important events will be the Chinese CPI and Trade Balance, as well as the Canadian Building Permits. On Tuesday China will report its Industrial Production which could trigger volatility on the currency pairs which includes the Australian Dollar. Wednesday Great Britain will publish the Claimant Count Change and the Unemployment Rate. On 12th of September New Zealand will release its Official Cash Rate and the RBNZ will have a press conference, Australia will release the Unemployment Rate and the Employment Change and the USA will release the Unemployment Claims for the week. The last day of the week will bring on the table the Core Retail Sales, PPI and the Prelim UoM Consumer Sentiment for the United States.
What to Expect from the Forex Market Next Week 8 - 13 September by Razvan Mihai
