September 25 – September 29, 2023 Economic report and policy meetings
September 25
Australia: Reserve Bank of Australia (RBA) 2023 Conference – ‘Inflation’
Euro-Zone: European Central Bank (ECB) President Lagarde Speech, Germany: Ifo Business Climate – September
Poland: Unemployment Rate – August
South Korea: Consumer Confidence - September
U.S.: Chicago Federal Reserve National Activity Index – August
September 26
Australia: Monthly CPI Indicator – August
Brazil: Brazilian Central Bank (BCB) Copom Meeting Minutes
China: Industrial Profits YTD (YoY) – August
Euro-Zone: Germany: GFK Consumer Confidence – October, France: Consumer Confidence – September
Hungary: Interest Rate Decision
Japan: Bank of Japan (BoJ) Monetary Policy Meeting Minutes, Coincident Index Final – July, Leading Economic Index Final – July
South Korea: Business Confidence – September
U.S.: House Price Index (MoM) – July, Conference Board Consumer Confidence – September, New Home Sales (MoM) – August, Federal Reserve’s Bowman Speech
September 27
Australia: Retail Sales (MoM) Preliminary – August
Euro-Zone: European Central Bank (ECB) Non-Monetary Policy Meeting, Germany: 10-Year Bund Auction, France: Unemployment Benefit Claims – August
Japan: Foreign Bond Investment – September 23rd
Mexico: Balance of Trade – August
New Zealand: ANZ Business Confidence – September
Russia: Unemployment Rate – August
Thailand: Interest Rate Decision
U.S.: Durable Goods Orders (MoM) – August, Durable Goods Orders Excluding Transportation (MoM) – August, MBA 30-Year Mortgage Rate (September 22nd), MBA Survey Indexes - Mortgage Market Index, Mortgage Applications (September 22nd), Mortgage Market Change, Mortgage Refinance Index, Refinancing Change, MBA Mortgage Approvals (September 22), Department of Energy (DOE) U.S. Crude Oil Inventories (September 22), DOE Cushing OK Crude Inventory (September 22), DOE U.S. Gasoline Inventories (September 22), DOE U.S. Distillate Inventory (September 22), DOE U.S. Refinery Utilization (September 22), DOE Crude Oil Implied Demand (September 22), Gasoline Implied Demand (September 22), Distillate Implied Demand (September 22), API Crude Oil Stock Change (September 22), EIA Natural Gas Stocks Change – September 22
The Census Bureau releases the durable goods orders report for August. Economists forecast that new orders for durable manufactured goods will decline 0.4% month over month, after a 5.2% plunge in July. That was the steepest decrease since the early days of the pandemic in April 2020.
September 28
Australia: Housing Credit (MoM) – August
Canada: Average Weekly Earnings (YoY) - July
Euro-Zone: European Central Bank (ECB) General Council Meeting, Consumer Confidence Final – September, Economic Sentiment – September, Industrial Sentiment – September, Spain: Inflation Rate (MoM) Preliminary – September, Inflation Rate (YoY) Preliminary – September, European Central Bank (ECB) Economic Bulletin, Italy: Business Confidence – September, Consumer Confidence – September, Spain: Consumer Confidence – August, Business Confidence – September, Germany: Inflation Rate (YoY) Preliminary – September, Inflation Rate (MoM) Preliminary – September, Germany: Retail Sales (YoY) – August, France: Inflation Rate (YoY) Preliminary – September, Inflation Rate (MoM) Preliminary – September
Japan: Unemployment Rate – August, Industrial Production (YoY) Preliminary – August, Retail Sales (YoY) – August, Consumer Confidence – September, Housing Starts (YoY) – August
Mexico: Unemployment Rate – August
Netherlands: Inflation Rate (YoY) Preliminary - September
U.K.: GDP Growth Rate (YoY) Final – 2nd Qtr., GDP Growth Rate (QoQ) Final – 2nd Qtr., Nationwide Housing Prices (YoY) - September
U.S: GDP Growth Rate (QoQ) Final – 2nd Qtr., Continuing Jobless Claims – September 16, Initial Jobless Claims – September 23, Core Personal Consumption Expenditures (PCE) Prices (QoQ) Final – 2nd Qtr., GDP Price Index (QoQ) Final – 2nd Qtr., PCE Prices (QoQ) Final – 2nd Qtr., Pending Home Sales (YoY) – August, Federal Reserve’s Cook Speech, Federal Reserve Chair Powell Speech
September 29
Brazil: Unemployment Rate – August
Canada: GDP (MoM) – July, GDP (MoM) Preliminary – August
China: NBS Manufacturing Purchasing Managers Index (PMI) – September, NBS Non-Manufacturing PMI – September
Euro-Zone: European Central Bank (ECB) President Lagarde Speech, Germany: Unemployment Change – September, Unemployment Rate – September, Unemployed Persons – September, Core Inflation Rate (YoY) Flash – September, Inflation Rate (MoM) Flash – September, Inflation Rate (YoY) Flash – September, Italy: Inflation Rate (YoY) Preliminary – September, Inflation Rate (MoM) Preliminary - September
India: Current Account – 2nd Qtr.
Poland: Inflation Rate (MoM) Preliminary, Inflation Rate (YoY) Preliminary – September
South Africa: Balance of Trade - August
Switzerland: KOF Leading Indicators – September
U.K.: Mortgage Approvals – August, Mortgage Lending - August
U.S.: Core Personal Consumption Expenditures (PCE) Price Index (YoY) – August, PCE Price Index (YoY) – August, Core PCE Price Index (MoM) – August, Goods Trade Balance Advance – August, PCE Price Index (MoM) – August, Personal Income (MoM) – August, Personal Spending (MoM)- August, Retail Inventories Excluding Autos (MoM) Advance – August, University of Michigan Consumer Sentiment Final – September, Baker Hughes U.S. Rig Count – September 29th
The Bureau of Labor Statistics releases the personal-consumption expenditures price index for August. Consensus estimate is for the PCE to increase 3.4% year over year, following a 3.3% gain in July. The Federal Reserve favored inflation gauge, the core PCE, which excludes food and energy prices, is expected to rise 3.9%, three-tenths of a percentage point less than below its post-pandemic peak from February 2022, but still far too high for the Fed, which said at the FOMC confab this past week that interest rates would probably remain higher for longer.
Bold denotes likely market-moving newsflash which traders consider significant to foreign exchange levels or otherwise important/noteworthy information, i.e., market holiday’s which will affect standard settlement dates.
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