Dukascopy Bank Team
Dukascopy Bank SA
The much anticipated monetary policy Thursday is here, so stay with us to find out more.
The high importance Bank of England monetary policy announcement opens this agenda at 11 AM. Bank rate was hiked by 25 basis points to point 75% in August, but markets are anticipating no change this time around.
The European Central Bank monetary policy announcement follows at 11:45 AM. Press conference will take place at a half past noon GMT. Investors will look to see if the ECB will slow down the pace of monthly bond buying.
It’s busy with North American reports at a half past noon GMT, including the high importance inflation statistics for August. Both overall and core inflation showed an equal increase of point 2% month on month in July.
Weekly jobless claims will be available at the same time. Initial claims dropped by 10 thousand during the week ending September the first to 203 thousand.
Canadian New Housing Price Index for July wraps up the 12:30 data run. Nationally, new house prices edged up by one tenth of a percent in June, largely due to rising construction costs across the country.
New Zealand Manufacturing PMI for August is up next at 10:30 PM. Index declined for third consecutive month in July to 51.2 to remain slightly above the 50 level.
Then it’s busy with Chinese publications for August at 2 o’clock in the morning. Industrial Output numbers will be available, as well as Retail Sales statistics and Fixed Assets Investment numbers.
I’m Kiays Khalil and that wraps up the Economic Calendar for Thursday.
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.
Recommended Content
Editors’ Picks
EUR/USD hovers around 1.0700 ahead of German IFO survey
EUR/USD is consolidating recovery gains at around 1.0700 in the European morning on Wednesday. The pair stays afloat amid strong Eurozone business activity data against cooling US manufacturing and services sectors. Germany's IFO survey is next in focus.
USD/JPY refreshes 34-year high, attacks 155.00 as intervention risks loom
USD/JPY is renewing a multi-decade high, closing in on 155.00. Traders turn cautious on heightened risks of Japan's FX intervention. Broad US Dollar rebound aids the upside in the major. US Durable Goods data are next on tap.
Gold: Defending $2,318 support is critical for XAU/USD
Gold price is nursing losses while holding above $2,300 early Wednesday, stalling its two-day decline, as traders look forward to the mid-tier US economic data for fresh cues on the US Federal Reserve interest rates outlook.
Worldcoin looks set for comeback despite Nvidia’s 22% crash Premium
Worldcoin (WLD) price is in a better position than last week's and shows signs of a potential comeback. This development occurs amid the sharp decline in the valuation of the popular GPU manufacturer Nvidia.
Three fundamentals for the week: US GDP, BoJ and the Fed's favorite inflation gauge stand out Premium
While it is hard to predict when geopolitical news erupts, the level of tension is lower – allowing for key data to have its say. This week's US figures are set to shape the Federal Reserve's decision next week – and the Bank of Japan may struggle to halt the Yen's deterioration.