Last week’s Jackson Hole Symposium failed to provide the clear signal traders have been anticipating with regards to QE tapering. So everyone is left to wait until the FOMC meeting to find out if the first phase of the tapering would indeed happen in September. There might be clues, however, in some of the data that’s coming out of the US this week. Check out what’s happening from August 26-30:
Event: BoE Governor Mark Carney’s Speech at the UK Parliament – UK
Date: August 28, 2013
Time: 11:45am (GMT)
What It Is About and Why It’s Important
New Bank of England Governor Mark Carney is expected to speak before the Parliament to provide an explanation on how the current monetary policy could help improve the local economy. Expect a lot of volatility during this speech.
Event: Unemployment Rate & Unemployment Change (Aug) – Germany
Date: August 29, 2013
Time: 7:55am (GMT)
What It Is About and Why It’s Important
Analysts expect no dramatic change in Germany’s unemployment data, as the unemployment rate is seen to remain at 6.8% while unemployment change is seen to move from -7K to -5K.
Event: Consumer Price Index (Aug) – Germany
Date: August 29, 2013
Time: 12:00m (GMT)
What It Is About and Why It’s Important
Germany will also release a number of CPI-related data, all of which are expected to drop. The MoM CPI for Aug, for example, is seen to drop from 0.5% to 0.1%, while the YoY number is seen to move from 1.9% to 1.7%.
Event: GDP Annualised – US
Date: August 29, 2013
Time: 12:30pm (GMT)
What It Is About and Why It’s Important
Those looking at the US Economy closely should watch out for the number of announcements coming from the country on Thursday. These include the Annualised GDP which is currently 1.1%.
Event: National CPI (YoY, Jul) – Japan
Date: August 29, 2013
Time: 11:30pm (GMT)
What It Is About and Why It’s Important
Japan’s National CPI has been on a rise since May. It remains to be seen, however, if the country will be able to sustain it this August.
Create a FREE account