Weekly Event Schedule (Week of September 10) ～ Focus on Policy Rate Announcement, Turkey, EU, and UK ~
◎ This Week's Economic Indicator Schedule
9/10 (Monday)
10:30 CNY China CPI (Consumer Price Index)
15:00 NOK Norway CPI (Consumer Price Index)
16:00 TRYTurkey GDP
17:30 GBPUK GDP
9/11 (Tuesday)
01:00 USDBostic, Atlanta Fed President Speech
17:30 GBPNon-farm Payrolls & Unemployment Rate
21:15 CAD Housing Starts
9/12 (Wednesday)
02:00 USD 3-Year Note Auction
09:30 AUD Westpac Consumer Confidence
16:00 EUR Spain HICP
18:00 EUR Eurozone Employment Change & Unemployment Rate
21:30 USD PPI (Producer Price Index)
22:30 USD Bullard, St. Louis Fed President Speech
23:30 USD Crude Oil Inventories
9/13 (Thursday)
01:45 USDBrainard, Fed Governor Speech
10:30 AUDEmployment Change & Unemployment Rate
15:00 EUR Germany HICP
15:45 EUR France HICP
16:30 SEK Sweden GDP
17:00 USD IEA Monthly Oil Market Report
20:00 GBPBank of England Monetary Policy Committee Meeting & Vote Allocation
20:00 TRYTurkish Monetary Policy Committee Meeting
20:45 EURECB Governing Council
21:30 USDU.S. CPI (Consumer Price Index)
21:30 EURDraghi, ECB President Press Conference
21:30 CAD New Housing Price Index
23:00 USDCBO Vice Chair Quarles Testimony (Senate Hearing)
9/14 (Friday)
02:00 USD 30-Year Bond Auction
03:00 USD Monthly Budget Statement
16:30 SEK Sweden CPI
17:00 EUR Italy HICP
18:00 EUR Trade Balance
19:00 GBPCarney, Bank of England Governor Speech
21:30 USDRetail Sales
22:00 USD Evans, Chicago Fed President Speech
23:00 USD Rosengren, Boston Fed President Speech
23:00 USD University of Michigan Consumer Sentiment Index
9/15 (Saturday)
02:00 USD Baker Hughes Rig Count
◎ This Week's Highlights
1)Turkey Situation and Policy Rate
This weekTurkey’s policy rate announcement is due. As the lira weakens, stealth rate hikes and changes to reserve requirements have been tried, but effects are not clear. Market focus is on whether the Turkish central bank can raise rates without bending to President Erdogan's pressure! Attention is on how much rate hike is possible at this week's policy decision.
2)Tariffs & Trade War
The rumored move to impose new tariffs on China has not yet materialized. Discussions mention $2670 billion as a potential target. Will it go into full effect?! How will China respond? This is in focus. Also, President Trump said the next target may be Japan, which led to a drop in the Nikkei and yen buying. Going forward, there may be statements or tweets about Japan, so beware.
3)BOE/ECB Monetary Policy Meetings
4)Brexit Negotiations
Last week, Barnier's remarks sent the pound sharply higher! Negative statements caused declines, etc. With Brexit talks deadline approaching, the pound reacts sensitively. Also, pound surges or drops can affect cross yen and euro crosses. Pay attention to Brexit-related statements and headlines.
