This week’s the week many traders have been waiting for, since the Fed is expected to announce the beginning of its QE tapering plan. There is still a lot of uncertainty though, especially since there has been no definitive data that would point to it. In addition, there are other important announcements and data that will be coming out this week, so check out the details below:
Event: CPI/CPI – Core (MoM/YoY, Aug) – EU
Date: September 16, 2013
Time: 9:00am (GMT)
What It Is About and Why It’s Important
Some improvement is expected from the EU’s consumer price index and core consumer price index. The CPI is expected to improve from -0.5% to 0.1% on a MoM basis, while it is seen to dip slightly from 1.6% to 1.3% on a YoY basis. The core CPI, meanwhile, is seen to improve from 1.1% to 1.3%
Event: RBA Meeting’s Minutes
Date: September 17, 2013
Time: 1:30am (GMT)
What It Is About and Why It’s Important
With the year almost over, there are some analysts who expect another round of cuts before it ends. We can pick up some clues on whether or not this will happen through this event.
Event: CPI/CPI Core (MoM/YoY, Jul/Aug)– UK
Date: September 17, 2013
Time: 8:30am (GMT)
What It Is About and Why It’s Important
As with the EU’s case, a number of improvements are expected in the UK’s CPI data. The Core CPI for August (YoY) is seen to rise from 2.0% to 2.1%. Meanwhile, the CPI (MoM, Aug) is expected to improve from 0.0% to 0.5%. And finally the CPI (YoY, Jul) is seen to drop slightly from 2.8% to 2.7%.
Event: CPI/CPI Ex Food & Energy (MoM/YoY, Aug) – US
Date: September 17, 2013
Time: 12:30pm (GMT)
What It Is About and Why It’s Important
The US CPI is seen to stay at 0.2% at drop from 2.0% to 1.7% on a MoM and YoY basis, respectively. Meanwhile, the CPI Ex Food & Energy is seen to jump from 1.7% to 1.8%.
Event: BoE Minutes, MPC Vote – UK
Date: September 18, 2013
Time: 8:30am (GMT)
What It Is About and Why It’s Important
Gain an insight into the BoE and the MPC’s outlook of the economy with this event.
Event: Fed Interest Rate Decision and other events – US
Date: September 18, 2013
Time: 6:00pm (GMT)
What It Is About and Why It’s Important
The most awaited events are going to happen on Wednesday, as the Fed makes a series of announcements, including the interest rate decision, the Pace of MBS Purchase Program, Pace of Treasury Purchase Program, and the FOMC’s Economic Projections. We shall know then if tapering begins this month or not. After these announcements, the Fed will also announce its Monetary Policy Statement and a press conference.
Event: GDP (QoQYoY, Q2) – New Zealand
Date: September 18, 2013
Time: 10:45pm (GMT)
What It Is About and Why It’s Important
New Zealand’s GDP dropped from 3% to 2% on a YoY basis during the previous quarter. It also dropped from 1.5% to 0.3% on a QoQ basis during the last quarter. We’ll find out if the drop continues during this event.
Event: SNB Interest Rate Decision – Switzerland
Date: September 19, 2013
Time: 7:30am (GMT)
What It Is About and Why It’s Important
Gain more insight into the SNB’s outlook of the economy during its interest rate decision, which shall happen on Thursday morning in Europe.
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