This week, focus for USD-traders is likely to fall on the US core PCE index, the Fed’s favorite inflation gauge, while CAD-traders may lock their gaze on Canada’s GDP as they try to better assess the timing of the next BoC rate hike. Eurozone’s preliminary CPI data for August and Carney’s testimony on the Inflation Report could attract some attention as well.
On Monday, the calendar appears very light with the only release worth mentioning being the German Ifo survey for August. The current assessment index is anticipated to have risen to 105.5 from 105.3 in July, while the expectations one is forecast to have moved up to 98.5 from 98.2. This would drive the business climate index up to 102.0 from 101.7. The case for rising Ifo indices is also supported by the ZEW survey for the month, both indices of which have risen as well.
On Tuesday, the only relatively important event is BoE Governor Carney’s testimony on the August Inflation Report before Parliament’s Treasury Committee. The main message we got from Governor Carney at the press conference following the latest meeting, as well as...
On Wednesday, the second estimate of the US GDP for Q2 is due to be released. Expectations are for a downside revision to...
On Thursday, during the Asian morning, Japan’s retail sales for July are expected to have slowed to +1.2% yoy from +1.7% yoy in June. New Zealand’s ANZ business confidence index for August and Australia’s building approvals for July are also due to be released.
During the European morning, Germany’s preliminary inflation data for August are coming out. Expectations are for the German CPI rate to...
On Friday, at Jackson Hole, Fed Chairman Jerome Powell reiterated that gradual hikes are likely appropriate if strong income and job growth continue, but he also noted that there is...
Read the full financial markets weekly outlook on JFD Research.