
It will be the hottest week of September, with four central banks’ meetings, five PMI releases, and a lot to trade.
September 27, 17:00 GMT+3.
The Conference Board, one of the leading US research group organizations, will publish the CB Consumer Confidence on Tuesday, September 27, at 17:00 GMT+3.
The Consumer Confidence Index is a composite metric based on a household survey. The households give their opinion on the current and future economic conditions. If the indicator is high, consumers' financial confidence tends to be stronger.
The rising inflation and anticipation of the Fed monetary policy decisions are the main factors driving the USD now. American households might sensitively react to the changes in these factors. As a result, their views build the outlook for economic activity in the country.
Last time, the index increased to 103.2 after three months of declines. This happened because of the slowdown in US Inflation figures in August. This time the situation may be completely different, as high inflation is back in the game.
Instruments to trade: EURUSD, USDJPY, XAUUSD.
September 29, 15:30 GMT+3.
Canada releases the Gross Domestic Product (GDP) growth on Thursday, September 29, at 15:30 GMT+3. This is the leading indicator of economic activity that shows the change in the inflation-adjusted value of all goods and services produced by the economy.
While high inflation significantly impacts the economy, GDP data is also essential for traders to follow. The reason is the GDP figures’ slowdown amid the current economic situation. This is a sign of a recession and a negative factor for a local currency.
In August, the Canadian GDP growth was in line with the forecasts (+0.1%). The CAD did not have a big reaction to this update.
Instruments to trade: USDCAD, CADCHF, CADJPY.
September 30, 2022, 15:30 GMT+3.
The United States will publish Core PCE Price Index on Friday, September 30, at 15:30 GMT+3. The indicator measures the change in the price of goods and services purchased by individual consumers, excluding food and energy prices.
Inflation keeps grabbing a lot of traders’ attention. While CPI seems more important due to its early release, the Core Price Index also provides essential insights into consumer spending behavior.
Last time, the release slid down by 0.1%, lower than the consensus of 0.2%. As CPI has already outperformed the forecasts this month and boosted the USD, PCE Price Index may repeat its success.
Instruments to trade: EURUSD, XAUUSD, USDJPY.
It will be the hottest week of September, with four central banks’ meetings, five PMI releases, and a lot to trade.
Lagarde says difficult times have come, and the ECB raised the rate not to cause a recession but to stabilize prices. Read the report to learn the freshest news of the day!
ECB is ready to take the decision about the key rate. What to expect from officials? Oil prices are high, and economy indicators demonstrate the slowing down in the strongest European economies.
Oil prices are rising and Russia banned the export of its petrol. What's happening in the markets?
Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.
In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!