We’re finally in the last quarter of the year, and we’ll find out soon enough whether or not the Fed will commence the QE taper this year, and if Australia’s Reserve Bank will announce another round of rate cuts.
This week will have a number of interest rate announcements, important data from the EU, and the US NFP data. Check out what’s happening for the week of September 30 to October 4:
Event: CPI/CPI Core (YoY, September) – EU
Date: September 30, 2013
Time: 9:00am (GMT)
What It Is About and Why It’s Important
Find out whether or not September’s CPI matches analysts’ predictions that it will drop slightly from 1.3% to 1.2% on a YoY basis.
Event: NBS Manufacturing PMI (September) – China
Date: October 1, 2013
Time: 1:00am (GMT)
What It Is About and Why It’s Important
Traders of the aussie would definitely want to watch this report, especially since the figure is expected to rise from 51.0 to 51.5.
Event: RBA Interest Rate Decision – Australia
Date: October 1, 2013
Time: 4:30am (GMT)
What It Is About and Why It’s Important
Depending on this report and China’s Manufacturing PMI, we could see the aussie either make another comeback or drop further against the greenback.
Event: Unemployment Rate/Change (September) – Germany
Date: October 1, 2013
Time: 7:55am (GMT)
What It Is About and Why It’s Important
Germany has fairly healthy unemployment figures, with the unemployment change seen to shift from 7K in the previous month to -5K in September. Meanwhile, unemployment rate is expected to remain at 6.8%.
Event: ISM Manufacturing PMI (September) – US
Date: October 1, 2013
Time: 2:00pm (GMT)
What It Is About and Why It’s Important
The US manufacturing PMI is currently at a positive 55.7. It is seen to have improved slightly to 55.8 in September.
Event: ECB Interest Rate Decision – EU
Date: October 2, 2013
Time: 11:45am (GMT)
What It Is About and Why It’s Important
While no cut is expected from the ECB, expect volatility in the euro around the time of the announcement.
Event: BoJ Interest Rate Decision – Japan
Date: October 4, 2013
Time: 3:00am (GMT)
What It Is About and Why It’s Important
Japan will cap off the week of interest rate decisions with its own announcement from the BoJ. No change is expected so it will remain at 0.1%.
Event: Nonfarm Payrolls (September) – US
Date: October 4, 2013
Time: 12:30pm (GMT)
What It Is About and Why It’s Important
One of the most significant data from the US, expect a lot of volatility from the greenback as well as in the NFP data, which is seen to increase from 169K to 179K.
Event: Unemployment Rate – US
Date: October 4, 2013
Time: 12:30pm (GMT)
What It Is About and Why It’s Important
Along with the NFP data, the US will also release it unemployment rate figure, which is expected to remain at 7.3%.
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