{"id":9330,"date":"2024-09-09T06:19:27","date_gmt":"2024-09-09T06:19:27","guid":{"rendered":"https:\/\/justmarkets.eu\/?p=9330"},"modified":"2024-09-09T06:19:29","modified_gmt":"2024-09-09T06:19:29","slug":"weekly-overview-2024-09-09","status":"publish","type":"post","link":"https:\/\/justmarkets.eu\/es\/analytics\/weekly-overview-2024-09-09\/","title":{"rendered":"Week&#8217;s main events (September 09 \u2013 September 13)"},"content":{"rendered":"\r\n<div class=\"ag-base_page ag-m-format-container\">\r\n<h1 class=\"ag-base_title-page\">Week&#8217;s main events (September 09 \u2013 September 13)<\/h1>\r\n<div class=\"ag-analytics-page ag-market-overview-page\">\r\n<p class=\"ag-analytics_text\">The week&#8217;s main event will be the US inflation data on Wednesday. Inflation is expected to continue to decline and fall to 2.6% in annualized terms. This will increase the probability that the US Fed may cut the rate by 0.5% in September to reduce the economic impact. On Tuesday, the UK labor market data will be released, and a weak report may increase the likelihood of a rate cut by the Bank of England at the next meeting. On Thursday, the ECB will make its interest rate decision. Economists and money markets agree that the ECB will cut the rate by 0.25%. Also worth keeping an eye on this week is inflation and trade balance data from China.<\/p>\r\n<div class=\"ag-analytics_title\">Monday, September 09<\/div>\r\n<div class=\"ag-analytics_title-list\">Not much news is expected on Monday. The main event will be in the Asian session. The trader\u2019s attention should be on the inflation data in China. This data will have a strong impact on the Asian indices.<\/div>\r\n<ul class=\"ag-analytics_list\">\r\n<li>\u2013 Japan GDP (q\/q) at 02:50 (GMT+3);<\/li>\r\n<li>\u2013 China Consumer Price Index (m\/m) at 04:30 (GMT+3);<\/li>\r\n<li>\u2013 China Producer Price Index (m\/m) at 04:30 (GMT+3).<\/li>\r\n<\/ul>\r\n<div class=\"ag-analytics_title\">Tuesday, September 10<\/div>\r\n<div class=\"ag-analytics_title-list\">On Tuesday, traders should pay attention to the UK labor market data. This month, these reports will influence the Bank of England&#8217;s interest rate decision. A weak labor market amid falling inflation will increase the likelihood of a rate cut by the Bank of England. This will be a negative scenario for the pound. Also, on Tuesday, there will be an inflation report for Germany. Inflation is expected to fall from 2.3% to 1.9% annually.<\/div>\r\n<div class=\"ag-analytics_title-list__strong\">Main events of the day:<\/div>\r\n<ul class=\"ag-analytics_list\">\r\n<li>\u2013 Australia NAB Business Confidence (m\/m) at 04:30 (GMT+3);<\/li>\r\n<li>\u2013 China Trade Balance (m\/m) at 06:00 (GMT+3);<\/li>\r\n<li>\u2013 German Consumer Price Index (m\/m) at 09:00 (GMT+3);<\/li>\r\n<li>\u2013 UK Average Earnings Index (m\/m) at 09:00 (GMT+3);<\/li>\r\n<li>\u2013 UK Claimant Count Change (m\/m) at 09:00 (GMT+3);<\/li>\r\n<li>\u2013 UK Unemployment Rate (m\/m) at 09:00 (GMT+3);<\/li>\r\n<li>\u2013 Canada BoC Macklem Speech (m\/m) at 15:10 (GMT+3).<\/li>\r\n<\/ul>\r\n<div class=\"ag-analytics_title\">Wednesday, September 11<\/div>\r\n<div class=\"ag-analytics_title-list\">The main event on Wednesday will be the US consumer inflation data. Experts see signs of falling inflationary pressures and expect the figures to decline from 2.9% to 2.6% year-on-year. This will increase the likelihood of a 50 bps rate cut at next week&#8217;s US Fed meeting. Also, on Wednesday, it is worth noting that the UK GDP data is expected to show slow growth. Investors should also focus on the US crude oil reserves, which significantly impact oil prices. Oil prices are now under pressure from weak demand and seasonality, so lower inventories could support prices.<\/div>\r\n<div class=\"ag-analytics_title-list__strong\">Main events of the day:<\/div>\r\n<ul class=\"ag-analytics_list\">\r\n<li>\u2013 UK GDP (m\/m) at 09:00 (GMT+3);<\/li>\r\n<li>\u2013 UK Industrial Production (m\/m) at 09:00 (GMT+3);<\/li>\r\n<li>\u2013 UK Manufacturing Production (m\/m) at 09:00 (GMT+3);<\/li>\r\n<li>\u2013 UK Trade Balance (m\/m) at 09:00 (GMT+3);<\/li>\r\n<li>\u2013 US Consumer Price Index (m\/m) at 15:30 (GMT+3)<\/li>\r\n<li>\u2013 US Crude Oil Reserves (w\/w) at 17:30 (GMT+3).<\/li>\r\n<\/ul>\r\n<div class=\"ag-analytics_title\">Thursday, September 12<\/div>\r\n<div class=\"ag-analytics_title-list\">The European Central Bank will hold a monetary policy meeting on Thursday. It is almost 100% likely that the ECB will cut the rate by 0.25%. Therefore, investors will focus on Lagarde&#8217;s speech at the press conference. If Lagarde hints at further rate cuts, the euro may come under pressure. Data dependence, on the contrary, may support the euro. US producer inflation data should also not be missed as it is a leading indicator of consumer inflation.<\/div>\r\n<div class=\"ag-analytics_title-list__strong\">Main events of the day:<\/div>\r\n<ul class=\"ag-analytics_list\">\r\n<li>\u2013 Japan Producer Price Index (m\/m) at 02:50 (GMT+3);<\/li>\r\n<li>\u2013 Eurozone ECB Monetary Policy Statement at 15:15 (GMT+3);<\/li>\r\n<li>\u2013 Eurozone ECB Interest Rate Decision at 15:15 (GMT+3);<\/li>\r\n<li>\u2013 US Producer Price Index (m\/m) at 15:30 (GMT+3);<\/li>\r\n<li>\u2013 US Initial Jobless Claims (w\/w) at 15:30 (GMT+3)<\/li>\r\n<li>\u2013 Eurozone ECB Press Conference at 15:45 (GMT+3);<\/li>\r\n<li>\u2013 US Natural Gas Storage (w\/w) at 17:30 (GMT+3).<\/li>\r\n<\/ul>\r\n<div class=\"ag-analytics_title\">Friday, September 13<\/div>\r\n<div class=\"ag-analytics_title-list\">Friday will be a relatively quiet day. No major events are expected, but volatility with US dollar pairs may jump on Michigan consumer sentiment data.<\/div>\r\n<div class=\"ag-analytics_title-list__strong\">Main events of the day:<\/div>\r\n<ul class=\"ag-analytics_list\">\r\n<li>\u2013 Eurozone Industrial Production (m\/m) at 12:00 (GMT+3);<\/li>\r\n<li>\u2013 US Michigan Consumer Sentiment (m\/m) at 17:00 (GMT+3).<\/li>\r\n<\/ul>\r\n<p class=\"ag-analytics_text\">by <span class=\"author vcard\"><span class=\"fn\">JustMarkets<\/span><\/span>, <span class=\"updated\">2024.09.09<\/span><\/p>\r\n<!--a href=\"\/analytics\/daily-forecast\" class=\"ag-analytics_link\">\r\nWe advise you to get acquainted with the daily forecasts for the major currency pairs.\r\n<\/a--> <a class=\"ag-base-btn\" href=\"https:\/\/secure.justmarkets.eu\/es\/register\/?sl=1\">Open Account<\/a><\/div>\r\n<\/div>\r\n\r\n\r\n\r\n<p>&nbsp;<\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>Week&#8217;s main events (September 09 \u2013 September 13) The week&#8217;s main event will be the US inflation data on Wednesday. Inflation is expected to continue to decline and fall to 2.6% in annualized terms. This will increase the probability that the US Fed may cut the rate by 0.5% in &#8230;<\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[189,331,337],"tags":[],"class_list":["post-9330","post","type-post","status-publish","format-standard","hentry","category-analytics","category-market-overview","category-weekly-overview"],"featured_image_src":"","blog_images":{"medium":"","large":""},"acf":[],"aioseo_notices":[],"ams_acf":[{"key":"icon","label":"Icon","value":false}],"_links":{"self":[{"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/posts\/9330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/comments?post=9330"}],"version-history":[{"count":1,"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/posts\/9330\/revisions"}],"predecessor-version":[{"id":9332,"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/posts\/9330\/revisions\/9332"}],"wp:attachment":[{"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/media?parent=9330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/categories?post=9330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/tags?post=9330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}