#EconomicCalendar #worldnews #forexmarketβ
π± Target levels and forecast for the week 16.09. β 20.09.
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The week opens with weak Chinese data and another attempt on Trump's life. China's retail sales and industrial production came in below expectations, while the unemployment rate rose. However, the impact of Chinese data on risk appetite will be modest, as Chinese stock exchanges have two days off, and investors' attention is focused on the dollar.
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The Fed meeting will be the centerpiece of the week ahead. Fed officials have not yet decided on the rate cut; they need to maintain the growth of the US stock market before the elections. Americans traditionally keep their savings in stocks so that decisions are made based on an understanding of the market reaction.
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The Fed realizes that the rate should be reduced by 0.50%, but it is afraid of scaring the markets. Tomorrow, the US retail sales report will swing the pendulum one way or the other.
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BOE is ready to cut the rate by 0.25%; the British inflation report on Wednesday may impact this decision. BOE will be more decisive in easing policy provided the dollar falls sharply at the Fed meeting.
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Recall the fundamental events that you need to pay attention to (GMT 0 time):β
Tue, 17EUR: ZEW Economic Sentiment (09:00)
USD: Retail Sales (12:30); Industrial Production (13:15); API Weekly Crude Oil Stock (20:30)
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Wed, 18GBP: CPI, PPI (06:00)
EUR: CPI (09:00)
USD: Crude Oil Inventories (+Cushing) (14:30); Fed Interest Rate Decision (18:00); Press Conference (18:30)
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Thu, 19AUD: Labor market statistics (01:30)
GBP: BoE Interest Rate Decision (11:00); Inflation Letter (11:30)
USD: Initial Jobless Claims (12:30)
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Fri, 20CNY: PBoC Loan Prime Rate (01:00)
JPY: BoJ Monetary Policy Statement (02:30); Interest Rate Decision (03:00): BoJ Press Conference (06:30)
GBP: Retail Sales (06:00)
EUR: ECB President Lagarde Speaks (15:00)
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For more news β see Economic Calendar.
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Profits to yβall!