We have a very strong week in terms of economic data, which is expected to increase trading volumes. Federal Reserve and Bank of Japan will announce their interest rate decisions, Eurozone will release its CPI report for August, while Markit PMIs' estimates for September are coming out.
Monday comes with Eurozone’s CPI which is expected to meet the preliminary figure of 1.5% in August year-over-year while core CPI is forecasted to tick lower to 1.2% year-over-year in August to 1.3% before. German Buba monthly report is coming out and afterwards, attention will be paid on the U.S. housing market index, coming out by National Association of Home Builders. Overnight, Reserve Bank of Australia will release its last policy meeting minutes.
Tuesday morning, Eurozone’s current account and construction output for July will be released as well as the German ZEW survey. German economic sentiment is expected to increase to 12.5 in September against 10.0 before and current situation to improve marginally to 86.8 against 86.7 according to ZEW. Later in the day, traders’ attention will be at the economic indicators that are coming out from the U.S. Housing starts and building permits for August are scheduled for release from the housing sector. The current account for the second quarter, import and export price indexes for August will be published as well.
Read the full financial markets weekly outlook on JFD Research.