{"id":9435,"date":"2024-09-23T06:49:11","date_gmt":"2024-09-23T06:49:11","guid":{"rendered":"https:\/\/justmarkets.eu\/?p=9435"},"modified":"2024-09-23T06:49:12","modified_gmt":"2024-09-23T06:49:12","slug":"weekly-overview-2024-09-23","status":"publish","type":"post","link":"https:\/\/justmarkets.eu\/pl\/analytics\/weekly-overview-2024-09-23\/","title":{"rendered":"Week&#8217;s main events (September 23 \u2013 September 27)"},"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 23 \u2013 September 27)<\/h1>\r\n<div class=\"ag-analytics-page ag-market-overview-page\">\r\n<p class=\"ag-analytics_text\">This week will be less eventful than the previous week, but there are still a few important economic events that investors should pay attention to. One of the main events this week will be the publication of data on the PCE index, which is on the US Federal Reserve&#8217;s list of monitored inflation indicators. The Fed may have surprised markets by cutting rates by a larger-than-expected 50 basis points at its September meeting. Still, it&#8217;s worth noting that policymakers have yet to declare victory over inflation. However, this week&#8217;s most essential events will be the RBA and SNB meetings. The SNB is expected to cut the rate by 0.25%, while the RBA would prefer to leave rates unchanged amid slowly declining inflation. Investors should also evaluate the Australian inflation data, which will be released on Wednesday, and PMI data, which will be released on Monday and will show the state of the economy of the leading countries.<\/p>\r\n<div class=\"ag-analytics_title\">Monday, September 23<\/div>\r\n<div class=\"ag-analytics_title-list\">Flash PMI data, released on Monday, will provide the latest snapshot of the global economy. Economists expect manufacturing activity data to continue to decline, which could support currencies as it increases the likelihood of a rate cut. It\u2019s a bank holiday in Japan.<\/div>\r\n<div>Main events of the day:<\/div>\r\n<ul class=\"ag-analytics_list\">\r\n<li>\u2013 Australia Manufacturing PMI (m\/m) at 02:00 (GMT+3);<\/li>\r\n<li>\u2013 Australia Services PMI (m\/m) at 02:00 (GMT+3);<\/li>\r\n<li>\u2013 German Manufacturing PMI (m\/m) at 10:30 (GMT+3);<\/li>\r\n<li>\u2013 German Services PMI (m\/m) at 10:30 (GMT+3);<\/li>\r\n<li>\u2013 Eurozone Manufacturing PMI (m\/m) at 11:00 (GMT+3);<\/li>\r\n<li>\u2013 Eurozone Services PMI (m\/m) at 11:00 (GMT+3);<\/li>\r\n<li>\u2013 UK Manufacturing PMI (m\/m) at 11:30 (GMT+3);<\/li>\r\n<li>\u2013 UK Services PMI (m\/m) at 11:30 (GMT+3);<\/li>\r\n<li>\u2013 US FOMC Member Bostic Speaks at 15:00 (GMT+3);<\/li>\r\n<li>\u2013 US Manufacturing PMI (m\/m) at 16:45 (GMT+3);<\/li>\r\n<li>\u2013 US Services PMI (m\/m) at 16:45 (GMT+3);<\/li>\r\n<li>\u2013 US FOMC Member Kashkari Speaks at 20:00 (GMT+3).<\/li>\r\n<\/ul>\r\n<div class=\"ag-analytics_title\">Tuesday, September 24<\/div>\r\n<div class=\"ag-analytics_title-list\">On Tuesday, the Reserve Bank of Australia will hold a monetary policy meeting. Policymakers are expected to keep the policy rate unchanged at 4.35%. A major policy turnaround is unlikely until the November meeting, when economic predictions will be updated.<\/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 Manufacturing PMI (m\/m) at 03:30 (GMT+3);<\/li>\r\n<li>\u2013 Japan Services PMI (m\/m) at 03:30 (GMT+3);<\/li>\r\n<li>\u2013 Australia RBA Interest Rate Decision (m\/m) at 07:30 (GMT+3);<\/li>\r\n<li>\u2013 Australia RBA Rate Statement (m\/m) at 07:30 (GMT+3);<\/li>\r\n<li>\u2013 Eurozone German IFO Business Climate (m\/m) at 11:00 (GMT+3);<\/li>\r\n<li>\u2013 US CB Consumer Confidence (m\/m) at 17:00 (GMT+3);<\/li>\r\n<li>\u2013 Canada BOC Gov Macklem Speaks at 19:55 (GMT+3).<\/li>\r\n<\/ul>\r\n<div class=\"ag-analytics_title\">Wednesday, September 25<\/div>\r\n<div class=\"ag-analytics_title-list\">On Wednesday, investors&#8217; focus should be on Australian inflation data. The annual inflation rate is expected to decline from 3.5% to 2.8% y\/y. This will sharply increase the probability that the RBA will cut the rate in November, which could negatively affect the aussie against the US dollar. Also, traders should pay attention to Wednesday&#8217;s Swedish Central Bank meeting. The Riksbank is expected to cut the rate from 3.5% to 3.25%, which could negatively influence the Sweden krona (SEK) against major currencies.<\/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 Consumer Price Index (m\/m) at 04:30 (GMT+3);<\/li>\r\n<li>\u2013 Singapore Consumer Price Index (m\/m) at 08:00 (GMT+3);<\/li>\r\n<li>\u2013 Switzerland KOF Leading Indicators (m\/m) at 10:00 (GMT+3);<\/li>\r\n<li>\u2013 Sweden Riksbank Interest Rate Decision (m\/m) at 10:30 (GMT+3);<\/li>\r\n<li>\u2013 US Building Permits (m\/m) at 15:30 (GMT+3);<\/li>\r\n<li>\u2013 US New Home Sales (m\/m) at 17:30 (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 26<\/div>\r\n<div class=\"ag-analytics_title-list\">The main event on Wednesday will be the meeting of the Swiss National Bank, where a rate cut from 1.25% to 1.00% is expected. SNB Governor Thomas Jordan will hold his last meeting on Thursday before retiring. Also, on Wednesday, investors should pay attention to the US GDP data. The economy is expected to show a 2.9% quarterly growth, which may temporarily support the US dollar. In the afternoon, FOMC representatives will speak one after another. Their comments are worth evaluating from a medium-term perspective.<\/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 Monetary Policy Meeting Minutes (m\/m) at 02:50 (GMT+3);<\/li>\r\n<li>\u2013 Switzerland SNB Policy Rate at 10:30 (GMT+3);<\/li>\r\n<li>\u2013 Switzerland SNB Monetary Policy Assessment at 10:30 (GMT+3);<\/li>\r\n<li>\u2013 US GDP (q\/q) 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 US Durable Goods Orders (m\/m) at 15:30 (GMT+3);<\/li>\r\n<li>\u2013 US FOMC Member Collins Speaks at 16:10 (GMT+3);<\/li>\r\n<li>\u2013 US FOMC Member Bowman Speaks at 16:15 (GMT+3);<\/li>\r\n<li>\u2013 US Fed Chair Powell Speaks at 16:20 (GMT+3);<\/li>\r\n<li>\u2013 US FOMC Member Williams Speaks at 16:25 (GMT+3);<\/li>\r\n<li>\u2013 Eurozone ECB President Lagarde Speaks at 16:30 (GMT+3);<\/li>\r\n<li>\u2013 US Pending Home Sales (m\/m) at 17:00 (GMT+3)<\/li>\r\n<li>\u2013 US FOMC Member Collins Barr at 16:10 (GMT+3);<\/li>\r\n<li>\u2013 US FOMC Member Collins Cook at 16:10 (GMT+3);<\/li>\r\n<li>\u2013 US Natural Gas Storage (w\/w) at 17:30 (GMT+3);<\/li>\r\n<li>\u2013 US FOMC Member Kashkari Speaks at 20:00 (GMT+3).<\/li>\r\n<\/ul>\r\n<div class=\"ag-analytics_title\">Friday, September 27<\/div>\r\n<div class=\"ag-analytics_title-list\">Due out on Friday, the Fed&#8217;s favorite inflation indicator will show whether price pressures continue to ease. Economists expect August&#8217;s Personal Consumption Expenditures (PCE) price index to show a 2.5% annualized rate. A rise in this indicator could support the US dollar, but it also works in the opposite direction. Also, on Friday, traders&#8217; interest will be directed to the data on inflation in Tokyo, which is considered a leading indicator of inflation. Inflation in Tokyo is expected to fall from 2.4% to 2.0%, which may become a problem for the Bank of Japan policy and hurt the yen.<\/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 Tokyo Core CPI (m\/m) at 02:30 (GMT+3);<\/li>\r\n<li>\u2013 German Unemployment Rate (m\/m) at 10:55 (GMT+3);<\/li>\r\n<li>\u2013 Canada GDP (m\/m) at 15:30 (GMT+3);<\/li>\r\n<li>\u2013 US PCE Price index (m\/m) at 15:30 (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\">2024.09.23<\/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\/pl\/register\/?sl=1\">Open Account<\/a><\/div>\r\n<\/div>\r\n\r\n\r\n\r\n<p>&nbsp;<\/p>","protected":false},"excerpt":{"rendered":"<p>Week&#8217;s main events (September 23 \u2013 September 27) This week will be less eventful than the previous week, but there are still a few important economic events that investors should pay attention to. One of the main events this week will be the publication of data on the PCE index, &#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":[193,330,338],"tags":[],"class_list":["post-9435","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\/pl\/wp-json\/wp\/v2\/posts\/9435","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/comments?post=9435"}],"version-history":[{"count":1,"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/posts\/9435\/revisions"}],"predecessor-version":[{"id":9441,"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/posts\/9435\/revisions\/9441"}],"wp:attachment":[{"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/media?parent=9435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/categories?post=9435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/tags?post=9435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}