Important Events This Week September 23-27

FX Strategy Articles > FX Trading Tips

It will be a fairly quiet week this week, with most of the essential data coming from Europe. As usual, we shall share with you the details in this post, so check them out:

Event: HSBC Manufacturing PMI (September) – China  

Date: September 23, 2013

Time: 1:45am (GMT)

What It Is About and Why It’s Important

While the Chinese economy has been sluggish lately, traders of the aussie in particular are looking for positive signs from this Asian giant. So the HSBC Manufacturing PMI is a must-watch.

Update: China’s Manufacturing PMI improved from the previous 50.1 to 51.2.

Event: ECB President Draghi’s Speech – EU

Date: September 23, 2013

Time: 1:00pm (GMT)

What It Is About and Why It’s Important

Those looking for updates on the European economy should not miss ECB President Mario Draghi’s speech to start off this week’s European session.

Event: Consumer Confidence (September) – US  

Date: September 24, 2013

Time: 2:00pm (GMT)

What It Is About and Why It’s Important

With the QE tapering yet to happen, it’s worth looking into other economic data from the US, including the country’s consumer confidence. Analysts expect it to drop from 81.5 to 79.5 this month.

Event: Durable Goods Orders (August) – US

Date: September 25, 2013

Time: 12:30pm (GMT)

What It Is About and Why It’s Important

Durable goods are those that are expected to last for at least three years, and are thus typically expensive items. Figures on this are therefore a good indicator of how well the economy is faring – the higher the figures, the better the economy.

The US durable goods orders are expected to improve from the previous -7.3% to 0.0%.

Event: GDP (QoQ/YoY, Q2) – UK

Date: September 26, 2013

Time: 8:30am (GMT)

What It Is About and Why It’s Important

The UK’s GDP data has been on a rise over the past three months, both the QoQ and YoY figures. On a QoQ basis, it is expected to improve from 0.3% to 0.7%.

Event: National CPI (YoY, September)/National CPI Ex Food, Energy (YoY, August) – Japan

Date: September 26, 2013

Time: 11:30pm (GMT)

What It Is About and Why It’s Important

Happening on Friday morning in Japan, these reports will provide even better insight into the Japanese economy with regards to the price movements of consumer products. The current National CPI is at 0.7%, while the current National CPI Ex Food and Energy is at -0.1%.

Event: Harmonised Index of Consumer Prices (MoM, YoY, September)/CPI (MoM/YoY, September) – Germany

Date: September 27, 2013

Time: 12:00pm (GMT)

What It Is About and Why It’s Important

With Germany fresh off its Federal elections, we shall see what economic challenges Angela Merkel will continue to face. The current Harmonised Index of Consumer Prices is at 0.0% (MoM) and 1.6% (YoY), while the CPI is at 0% on a MoM basis, and 1.5% on a YoY basis.

By FX Strategy Team, Published on 23rd of September 2013
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