September 25, 2023

Weekly Economic Calendar

Foreign Exchange

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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