Week's main events (September 19 – September 23)

Global stock markets look set for another volatile week amid fears that higher interest rates will lead to economic problems. This week investors' attention should be focused on the Interest Rate Decisions from the Central Banks of the United States, Great Britain, Japan, Canada, Switzerland, and Norway. Elsewhere except Japan, interest rates are expected to rise by 0.5-0.75%. On Friday, the new Chancellor of the Exchequer, Kwasi Kwarteng, will make his first statement on how he plans to deliver on the new Prime Minister Liz Truss' promise to make Britain a low-tax economy, which risks stoking inflation. Also, on Friday, there will be a lot of data on business activity in different countries. During the week, inflation data in Canada, Japan, and Singapore will be released.

Monday, September 19
On Monday, traders should pay attention to the New Zealand RBNZ Gov speech. Volatility in currency pairs with the New Zealand dollar will increase sharply. It's a bank holiday in Japan and the United Kingdom.
Main events of the day:
  • – New Zealand RBNZ Gov Orr Speaks at 06:00 (GMT+3).
Tuesday, September 20
The Reserve Bank of Australia will update its monetary policy statement. Australia is on its way to tightening monetary policy amid rising global inflation, so it is important to keep an eye on this data. Traders' attention should also be focused on the Canada Consumer Price Index. Analysts expect inflation in Canada will decrease by 0.1% monthly. Traders should also pay attention to inflation data in Japan and the speech of ECB head Christine Lagarde.
Main events of the day:
  • – Japan National Core Consumer Price Index (m/m) at 02:30 (GMT+3);
  • – Australia RBA Meeting Minutes (m/m) at 04:30 (GMT+3);
  • – US Building Permits (m/m) at 15:30 (GMT+3);
  • – Canada Consumer Price Index (m/m) at 15:30 (GMT+3);
  • – Eurozone ECB President Lagarde Speaks (m/m) at 20:00 (GMT+3).
Wednesday, September 21
The main event on Wednesday will be the Fed Interest Rate Decision. Analysts expect the US Central Bank to raise interest rates again by 0.75% to stop inflation. The speech of Fed Chairman Jerome Powell at the conference will be no less important, who will talk about the Fed's further actions. It is also worth keeping a close eye on the news about Crude Oil Reserves.
Main events of the day:
  • – US Existing Home Sales (m/m) at 17:00 (GMT+3);
  • – US Crude Oil Reserves (w/w) at 17:30 (GMT+3);
  • – US Fed Interest Rate Decision at 21:00 (GMT+3);
  • – US FOMC Statement at 21:00 (GMT+3);
  • – US FOMC Economic Projections at 21:00 (GMT+3);
  • – US FOMC Press Conference at 21:30 (GMT+3).
Thursday, September 22
The Bank of England will make an Interest Rate Decision on Thursday, where the rate is expected to rise by 0.50%. However, there is a slight possibility of a 0.75% rate hike. Volatility in currency pairs with the British pound will increase sharply. Also, on this day, there will be a Japan and Switzerland Central Bank meeting. Analysts predict that the SNB will aggressively raise the rate by 0.75%, the first such move in decades. In Japan, no changes in monetary policy are expected.
Main events of the day:
  • – Japan BoJ Outlook Report (Tentative);
  • – Japan BoJ Interest Rate Decision (Tentative);
  • – Japan BoJ Press Conference at 09:30 (GMT+3);
  • – Switzerland SNB Monetary Policy Statement at 10:30 (GMT+3);
  • – Switzerland SNB Interest Rate Decision at 10:30 (GMT+3);
  • – Norwegian Interest Rate Decision at 11:30 (GMT+3);
  • – UK BoE Interest Rate Decision at 14:00 (GMT+3);
  • – UK MPC Meeting Minutes at 14:00 (GMT+3);
  • – US Initial Jobless Claims (w/w) at 15:30 (GMT+3);
  • – US Natural Gas Storage (w/w) at 17:30 (GMT+3).
Friday, September 23
Various statistics for many countries are expected on Friday. The most important Friday release for investors will be the inflation rate data in Singapore. Analysts expect a slight increase in consumer inflation. Investors should also pay attention to PMI data for various countries' manufacturing and services sectors. The lower the value from 50, the closer the recession is. It's a bank holiday in Japan.
Main events of the day:
  • – Australia Manufacturing PMI (m/m) at 02:00 (GMT+3);
  • – Australia Services PMI (m/m) at 02:00 (GMT+3);
  • – Singapore Consumer Price Index (m/m) at 08:00 (GMT+3);
  • – Eurozone Spanish GDP (q/q) at 10:00 (GMT+3);
  • – Eurozone France Manufacturing PMI (m/m) at 10:15 (GMT+3);
  • – Eurozone France Services PMI (m/m) at 10:15 (GMT+3);
  • – Eurozone German Manufacturing PMI (m/m) at 10:30 (GMT+3);
  • – Eurozone German Services PMI (m/m) at 10:30 (GMT+3);
  • – Eurozone Manufacturing PMI (m/m) at 11:00 (GMT+3);
  • – Eurozone Services PMI (m/m) at 11:00 (GMT+3);
  • – UK Manufacturing PMI (m/m) at 11:30 (GMT+3);
  • – UK Services PMI (m/m) at 11:30 (GMT+3);
  • – Canada Retail Sales (m/m) at 15:30 (GMT+3);
  • – US Manufacturing PMI (m/m) at 16:45 (GMT+3);
  • – US Services PMI (m/m) at 16:45 (GMT+3);
  • – Switzerland SNB Chairman Jordan Speaks at 18:30 (GMT+3);
  • – US Fed Chair Powell Speaks at 21:00 (GMT+3).

by JustMarkets, 2022.09.19

We advise you to get acquainted with the daily forecasts for the major currency pairs.

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

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