Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Advertisements
Advertisements
Daily Market Analysis from Hotforex Broker
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="HFM, post: 185190, member: 32345"] [B]Date : 7th September 2020. Events to Look Out for This Week.[/B] [IMG alt="[IMG]"]https://analysis.hotforex.com/wp-content/uploads/2019/06/events2_1200x628-696x364.png[/IMG] [B]The shortened week starts with the major markets closed for Labor Day, but overcompensates on Wednesday and Thursday with the BoC and ECB rate decisions and Press Conferences, and Inflation from the US. Have a look at the most important events of the coming days in our usual weekly publication. Monday – 07 [B]September [/B]2020[/B] [LIST] [*][B]Labor Day – US, Canada closed[/B] [*][B]Trade Balance (CNY, GMT N/A)[/B] – The Chinese trade balance is expected to turn out positive in March, standing at $18 bln, compared to the deficit of $7 billion in February. [*][B]Gross Domestic Product (JPY, GMT 23:50) –[/B] Japan is expected to confirm a -8.1% contraction of its economy in the second quarter of the year. [/LIST] [B]Tuesday – 08 [B]September [/B]2020[/B] [LIST] [*][B]Gross Domestic Product (EUR, GMT 09:00)[/B] – GDP is the economy’s most important figure. Q2’s GDP is expected to confirm a contraction to -13.1% q/q and -15% y/y. [*][B]UK Inflation Report Hearings (GBP, GMT N/A)[/B] [/LIST] [B]Wednesday – 09 [B]September [/B]2020[/B] [LIST] [*][B]Consumer Price Index (CNY, GMT 01:30)[/B] – The July Inflation was confirmed at 2.7% y/y, above the preliminary number and the 2.5% y/y in the previous month. Now the August number is expected to continue higher to 3.1 % y/y with a rise in the monthly reading at 1.0% y/y from 0.6% last month. [*][B]Event of the week – BoC Interest Rate Decision (CAD, GMT 14:00)[/B] – The BoC’s announcement is expected to reveal no change in rates and a reiteration of a whatever-it-takes policy outlook that is shared by the core central banks. The latest jobs report showed that two-thirds of jobs have been recovered, consistent with bank’s view that there is still a long way to go before the economy and labour market return to pre-COVID levels of activity. Overall, a roughly as expected report that supports the recovery story but also highlights the long journey faced by the economy to return to pre-COVID levels of employment and production. [/LIST] [B]Thursday – 10 [B]September [/B]2020[/B] [LIST] [*][B]Event of the week – ECB Interest Rate Decision & Press Conference (EUR, GMT 11:45 & 12:30)[/B] – Even before the negative inflation print, there had been calls for the ECB to move to a more “symmetric inflation target” as part of the ongoing strategic policy review. With the Fed already indicating a shift to an average inflation target and the August HICP rate falling back to -0.2% y/y, the pressure to strengthen the ECB’s commitment to the “low for longer” message has only increased, especially after the rise in the EUR, which clearly has some council members rattled. Against that background the ECB’s policy meeting will be of intense interest for markets and while markets don’t expect a change in overall policy settings, Lagarde is likely to send a dovish signal and hence strengthen the commitment to the “low for longer” stance. [*][B]Jobless Claims (USD, GMT 12:30)[/B]– US initial jobless claims dropped -130,000 to 881,000 in the week ended August 29 following the -93,000 drop to 1,011,000 in the August 22 week. [*][B]BoC’s Governor Macklem speech (CAD, GMT 16:30)[/B] [/LIST] [B]Friday – 11 [B]September [/B]2020[/B] [LIST] [*][B]Eurogroup Meeting[/B] [*][B]Harmonized Index of Consumer Prices (EUR, GMT 06:00) – [/B]The German HICP final inflation for August is anticipated to remain unchanged at -0.1% y/y. [*][B]Consumer Price Index (USD, GMT 12:30)[/B] – The August CPI is seen with 0.2% m/m gains for both the CPI headline and core, following 0.6% gains for both in July. The headline will be boosted by an estimated 1.9% August increase for CPI gasoline prices. As-expected August figures would result in a headline y/y increase of 1.2%, up from 1.0% in July. Core prices should set a 1.5% y/y rise, below the 1.6% y/y pace last month. As with PPI, the headline inflation figures continue to be lifted by oil prices. The Fed will have plenty of elbow room for an easing monetary policy over the coming quarters. [/LIST] [B]Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report.[/B] [URL deleted] [B]Andria Pichidi Market Analyst HotForex Disclaimer:[/B] This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission. [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…