#EconomicCalendar #worldnews #forexmarket⠀
💱 Target levels and forecast for the week 09.09. – 13.09.
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The week will be calm. Fed officials will not be able to make the market nervous with their comments, as the week of silence begins before the meeting on September 18.
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Among the critical reports, we should note the data of CPI and PPI of the USA, according to the results of which the American banks will adjust the PCE inflation for August. The final chord to the Fed's decision will be the US retail sales on September 17, as with the fall in consumer spending, the Fed may cut the rate by 0.50%, provided that inflation continues to decline.
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Also, pay attention to the dynamics of weekly unemployment reports - another hurricane is moving in the USA, so the labor market data should start to please the pessimists. ECB meetings do not cause serious worries. The rate cut is already factored into the price, and the pressure on the euro will be short-lived. If Lagarde states no further correction is planned in October, the euro will be boosted.
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Britain will present several vital reports influencing the BoE rate decision at the September 19 meeting.
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China's trade balance is essential for risk appetite, and the main thing is imports. China will release a block of crucial data on Saturday, impacting risk appetite next Monday.
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Recall the fundamental events that you need to pay attention to (GMT 0 time):⠀
Tue, 10GBP: Labor market statistics (06:00)
EUR: EU Economic Forecasts (09:00)
CNY: Exports, Imports, Trade Balance (17:13)
USD: OPEC Report (11:00); API Weekly Crude Oil Stock (20:30)
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Wed, 11GBP: GDP, Industrial Production, Trade Balance (+Non-EU) (06:00)
USD: CPI (12:30); Crude Oil Inventories (+Cushing) (14:30)
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Thu, 12EUR: ECB Interest Rate Decision (12:15); Press Conference (12:45)
USD: IEA Report (08:00); Initial Jobless Claims, PPI (12:30); WASDE Report (16:00)
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Fri, 13JPY: Industrial Production (04:30)
EUR: Industrial Production (09:00
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For more news − see Economic Calendar.
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Profits to y’all!