Monday, September 6 Traditionally on Monday the macroeconomic calendar is completely empty. Attention should be paid only to data on business activity in the construction sector in Germany and the UK. Both indicators showed a decline. The rest of the day is calm, and investors will have time to rethink the US Department of Labor's Friday report, the content of which turned out to be more ambiguous. Tuesday, September 7 Tuesday will begin with a meeting of the Board of the Reserve Bank of Australia, which should leave the parameters of monetary policy unchanged. And such a decision is likely to lead to a weakening of the Australian dollar. But the single European currency may, if not strengthen its position, then at least slow down its decline. The euro will be supported by the third estimate of the eurozone's GDP in the second quarter, which can confirm the fact that the economic decline by 1.3% is replaced by an increase of 13.6%. However, the first two assessments showed exactly the same results, so there will be no radical change in investor sentiment. In Germany, the ZEW index of economic sentiment in September will be published. Wednesday, September 8 Wednesday kicks off with Japan's GDP totals, which will also support the national currency, the yen. Analysts expect the -1.3% decline in the economy to be replaced by 7.5% growth. But the greatest interest on Wednesday will be aroused by the results of the meeting of the Board of the Bank of Canada, which will conclude this day. Most likely, the Canadian regulator will leave the monetary policy unchanged and will not even give any hints on further plans. Which will inevitably lead to a weakening of the Canadian dollar. Thursday, September 9 The most important event of the whole week will be the meeting of the Board of the European Central Bank. It is quite obvious here that the parameters of monetary policy will remain unchanged. However, there is hope that after the rapid rise in inflation, the ECB will nevertheless follow the Fed's example and announce plans to tighten monetary policy. However, if this does not happen, the global growth of the US dollar will continue. At the same time, the dollar may receive additional support from statistics on applications for unemployment benefits, the number of which may slightly decrease. Friday, September 10 Friday kicks off with UK industry data, whose growth is expected to slow from 8.3% to 3.2%. This is a negative signal, and such a rapid decline in industrial production will negatively affect the pound sterling. Not good luck on Friday and the Canadian dollar, as the unemployment rate in Canada should remain unchanged. And against the backdrop of the recovery in the US labor market, this will make the loonie less attractive. However, there is a risk that the week will end with a weakening greenback, as the pace of growth in producer prices in the United States should accelerate from 7.8% to 8.3%. Consequently, there is a risk of further growth in inflation, which is already at a record high.
فوری رابطے