Weekly Outlook 11th-15th of September, 2017

2017-09-11

Weekly Outlook 11th – 15th of September 2017

Maximusfx.com Weekly Outlook – The US dollar reversed towards bearish impetus against a list of major currency pairs on last Friday, progressing concerns over the FED will drive further interest rate hike this year.

Weakened prospects for the next hike this year accumulated through weighted tensions with North Korea and concerns over the economic influence of hurricanes in the US has driven a pressure on the dollar weaken.

According to political tensions in Washington that has driven US dollar weaken.   

A deal to postpone US debt zone discussion by December that would coincide with the Fed`s policy summit has damaged odds for a rate hike.

There was 10-month bearish momentum on US dollar currency pair against Japanese Yen last Friday, USD/JPY after reaching low of 107.81

The Euro currency pair raised to higher level against the dollar, with EUR/USD reaching highs of 1.2092. The euro currency pair has strengthened 2.2 %.  Bullish momentum has been affected upon 13 months of gain since January 2015.

Among the major currency pairs, euro finalized the week with 1.4% gain against the dollar and is up nearly 14% against dollar in 2017.

There are expectations from ECB underpinned after ECB signaled a ring on tapering stimulus program this autumn. While Great Britain Pound against US dollar progress 0.65% to 1.3195 on last Friday

Investors in the financial market turn their attention to a greater chance of a forthcoming illustration of Thursday`s US inflation report for fresh signs on the possible period of the following Fed rate hike.

In the meantime, recent economic illustrations of Monetary Policy announcement via the Bank of England will be on attention list.

Here is the weekly outlook in the financial market by Maximusfx.com categorized as a list that could cause major volatility across currencies.

11th of September, Monday

Japan is to announce data on core machinery orders.

Canada is to report on housing starts.

12th of September, Tuesday

Australia is to announcement data on business confidence

The UK is to provide report its monthly inflation report

13th of September, Wednesday

Switzerland is to announce data on producer price inflation

The UK is to illustrate its monthly employment report

The US is to report figures on producer price inflation

14th of September, Thursday

Australia is to illustrate its monthly jobs report

China is to report data on fixed asset investment

The Swiss National Bank is to report its latest monetary policy decision and publish its policy assessment

The Bank of England is to show its latest interest rate decision and announce the minutes of monetary policy meeting

Canada is to indicate on new house price inflation

The US is to show data on consumer price inflation and initial jobless claims.

15th of September, Friday

New Zealand is to announce data on private sector on manufacturing activity

The US is to illustrate data on retail sales, manufacturing activity as well as consumer sentiment and industrial production.

 

 

Prepared by Maximusfx Senior Analyst – Z. Nuriddinov.