Weekly Outlook 18th - 22th of September
Weekly Outlook 18th – 22th of September 2017
Maximusfx.com Weekly Outlook – The Euro against the US dollar dropped on last Friday upon European Union Finance Minister faced failure in creating any significant development on fixing debt crisis in the individual currency alliance.
Ministers in Europe Union faced failure to get a deal over a provocative demand via Finland that Greece gives security in exchange for more bailout funds.
The summit was participated through US Treasury Secretary who advised euro zone heads to prevent distressing divisions and remove ``disastrous risk`` from markets.
The Great Britain rose on last Friday against US dollar as the Bank of England may introduce new monetary stimulus to progress growth in the fragile economy further.
There was strong reversal on US dollar currency pair against Japanese Yen last week, USD/JPY from 108.110 to 111.320.
The Euro currency pair declined to lower level against the dollar, with EUR/USD reaching low of 1.18360. The euro currency pair has weakened last week from 1.20250 early from Monday session.
Additionally, The Swiss National Bank reported interest rate near to zero in a broadly expected conclusion and reconfirmed to preserve the minimum exchange rate of1.20 per euro`` with most purpose.
Investors in the financial market turn their attention to a greater chance of a forthcoming illustration of Fed extended policy meeting arrangements on Wednesday for any clues that the bank is going to create monetary stimulus to stabilize the economy.
In the meantime, recent economic illustrations progress in the euro zone 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.
18th of September, Monday
The United Kingdom is to announce industry data
Euro Zone is to publish Consumer Price Index data
The United States is to announce NAHB housing Market Index
19th of September, Tuesday
New Zealand is to report on consumer sentiment
Australia`s RBA meeting Minutes takes place
Germany is to release Economic Sentiment data via ZEW Survey
The USA is to publish building permits
20th of September, Wednesday
Japan is to announce its industrial manufacturing data Trade Balance, Import, Export data
Euro Zone is to hold ECB Non-Monetary policy meeting
The UK is to announce Retail Sales data
21st of September, Thursday
The USA Is to hold summit, FOMC Economic Projections
The USA is to announce interest rate decision and FOMC press conference
New Zealand is to report Gross Domestic Product
Japan is to hold a monetary policy statement, BOJ interest rate decision, press conference as well as All industry activity index release
Euro Zone is to report on Economic Bulletin data
The USA is to announce data on initial jobless claims and Housing Price Index
22nd of September, Friday
New Zealand is to report Westpac Consumer Survey data
Japan is to announce data on bond investment, Foreign Investment
Euro Zone is to release data on Market Manufacturing Index data
Canada`s Bank of Canada is to release data on Consumer Price Index
The USA is to announce data on Market Manufacturing Index
Prepared by Maximusfx Senior Analyst – Z. Nuriddinov.