Last week closed with weak NFP data from the US (169K instead of the expected 180K), and no changes to interest rates in Australia, Japan, Canada, EU, and the UK. Check out what events you need to watch out for this trading week.
Event: CPI (MoM/YoY, Aug) – China
Date: September 9, 2013
Time: 1:30am (GMT)
What It Is About and Why It’s Important
One of the more important pieces of data to traders of the aussie, China’s CPI is expected to improve slightly on a MoM basis, while it’s seen to fall slightly on the YoY level.
Update: China’s MoM CPI improved from 0.1% to 0.5%, better than the expected 0.4%. Meanwhile, the YoY, as expected, fell from 2.7% to 2.6%.
Event: Inflation Report Hearings – UK
Date: September 10, 2013
Time: 9:00am (GMT)
What It Is About and Why It’s Important
It’s one of the more significant events coming from the UK this week, so it’s of particular importance to those trading the GBP/USD. The inflation projections detailed in this report is usually used as basis for the BoE’s interest rate decision, thus its significance.
Event: Claimant Count Change – UK
Date: September 11, 2013
Time: 8:30am (GMT)
What It Is About and Why It’s Important
Released by the National Statistics office, the data shows the number of unemployed people in the UK. Naturally, a lower number is favored as it means fewer people are without work. The current number is at -29.9K.
Event: RBNZ Interest Rate Decision – New Zealand
Date: September 11, 2013
Time: 9:00pm (GMT)
What It Is About and Why It’s Important
Happening on 12 September in New Zealand, no change in the interest rate is expected during this event. It’s useful, however, to those looking for clues on the prospects of New Zealand’s economy in the near term.
Event: Employment Change/Unemployment Rate s.a. (August) – Australia
Date: September 12, 2013
Time: 1:30am (GMT)
What It Is About and Why It’s Important
Australia’s unemployment rate has been on the rise since January 2013, while unemployment change was -10,200 last month. We shall see if this downtrend in Australia’s employment data continues or not.
Event: ECB Monthly Report – Europe
Date: September 12, 2013
Time: 8:00am (GMT)
What It Is About and Why It’s Important
This is invaluable news to traders of the euro as this reports provides an insight on the European economy, particularly the prevailing economic condition and price stability risks.
Event: Retail Sales (MoM, August) – US
Date: September 13, 2013
Time: 12:30pm (GMT)
What It Is About and Why It’s Important
With the FOMC meeting just around the corner, traders are looking for more clues of positive economic growth from the US. Its retail sales data, for example, is expected to grow slightly from 0.2% to 0.3%.
Event: Reuters/Michigan Consumer Sentiment Index (September) – US
Date: September 13, 2013
Time: 12:55pm (GMT)
What It Is About and Why It’s Important
While consumer sentiment is expected to remain positive, it is seen to drop slightly from the current 82.1 to 81.7.
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