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📊 Market focus: events of the current week
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👉 Gastech’s 2021 conference will open in Dubai today; its results will interest those who trade with gas and oil assets.
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The busiest day is Thursday:▪️ The BOE meeting may reverse the Pound rate if the regulator confirms the decision on the need to curtail the QE program at the end of this year and on a possible rate hike next year. We pay special attention to the PMI of industry and services in the UK.
▪️ The ECB will meet for an unscheduled private meeting, which was scheduled after the publication in the Financial Times of the insider about Lane’s meeting with German bankers - it is necessary to agree on a common position for media appearances. No official announcements are expected.
▪️ There will be a final debate of six candidates for the post of German chancellor before the elections on September 26 - the EUR can get nervous.
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Powell will open a public debate on post-pandemic recovery as part of the Fed Listens initiative, on Friday, but no new ideas are expected.
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Specified time is GMT Offset 0
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Tuesday, 21
USD: Building Permits (12:30); API Weekly Crude Oil Stock (20:30)
NZD: GlobalDairyTrade Price Index (Tentative 15:00)
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Wednesday, 22
CNY: PBoC Loan Prime Rate (01:30)
JPY: BoJ Monetary Policy Statement, Press Conference (03:00)
USD: Existing Home Sales (14:00); Crude Oil Inventories (14:30); FOMC Economic Projections, Statement, Fed Interest Rate Decision (18:00); Press Conference (18:30)
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Thursday, 23
EUR: Manufacturing, Markit Composite, Services PMI (08:00)
GBP: Composite, Manufacturing, Services PMI (08:30); BoE Interest Rate Decision, QE Total (11:00)
USD: Initial Jobless Claims (12:30); Manufacturing, Markit Composite, Services PMI (13:45)
NZD: Trade Balance (22:45)
JPY: National Core CPI (23:30)
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Friday, 24
JPY: Services PMI (00:30)
USD: Fed Chair Powell Speaks, New Home Sales (14:00)
GBP: MPC Member Tenreyro Speaks (13:00)
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Profits to y’all!