Australian rate decision: Tuesday, 4:30. The Reserve Bank of Australia has not changed its interest rates for over two years and this event will be no different according to all the signs. The Australian economy is doing OK, but not accelerating. Concerns about demand from Asia weighs on sentiment. Any change in the wording regardingRead more about 03 October 2018[…]

Australian rate decision: Tuesday, 4:30. The Reserve Bank of Australia has not changed its interest rates for over two years and this event will be no different according to all the signs. The Australian economy is doing OK, but not accelerating. Concerns about demand from Asia weighs on sentiment. Any change in the wording regardingRead more about 02 October 2018[…]

US New Home Sales: Wednesday, 14:00. Contrary to other segments of the US economy, the housing sector has been somewhat on the back foot. Sales of new homes disappointed with an annualized level of 627K in July. A similar figure is likely for August. A level of 630K is on the cards.   Fed decision:Read more about 26 September 2018[…]

US CB Consumer Confidence: Tuesday, 14:00. The Conference Board’s consumer confidence measure hit a high of 133.4 in August, the highest level since November 2000. The publication caught the attention of President Trump. Can it continue higher? Consumer sentiment is correlated with consumption. A score of 132.2 is on the cards.   USD US CBRead more about 25 September 2018[…]

Canadian inflation: Friday, 12:30. The Bank of Canada intends to raise rates in October, assuming a successful NAFTA deal is struck. But Stephen Poloz and his colleagues will need data to support such a move. Headline inflation rose by 0.5% in July while Core CPI lagged behind with a more modest 0.2%. Significant inflation isRead more about 21 September 2018[…]

Swiss rate decision: Thursday, 7:30. The Swiss National Bank has kept its policy unchanged since the unforgettable day it removed the peg under EUR/CHF, January 15th, 2015. Since then, it maintains the Libor Rate at -0.75%, deep into negative territory. It also pledged to intervene as needed to weaken the franc. With EUR/CHF recently nearingRead more about 20 September 2018[…]

US retail sales: Friday, 12:30. The US consumer has been out and about in July. The total volume of sales rose by 0.5% and core sales advanced by 0.6%. Despite some downward revisions, the overall picture looks quite upbeat. Further increases are on the cards for August, but a slower pace may be seen. TheRead more about 14 September 2018[…]

Australian jobs report: Thursday, 1:30. The Australian job market disappointed in July with a loss of 3,900 positions. The unemployment remained low at 5.3%. The report for August may see an uptick in jobs. The Aussie dollar suffered quite a bit of late and an upbeat labor market can help it recover. The number ofRead more about 13 September 2018[…]

US PPI: Wednesday, 12:30. The Producer Price Index slowed down in July after a few months of quicker increases. Headline PPI remained flat while Core PPI advanced by only 0.1% m/m. The figures for August will serve as a warm up to the more important CPI coming out on the following day. Both the headlineRead more about 12 September 2018[…]

US Non-Farm Payrolls: Friday, 12:30. The monthly jobs report always gains traction and moves markets. July’s NFP saw a weaker than expected increase in jobs, only 157K, but OK wage growth ate 0.3% m/m and 2.7% y/y. Slightly better figures are likely now: 191K jobs gained and salaries are projected to advance by 0.3% m/mRead more about 07 September 2018[…]