The Week Ahead: 21st -24th September 2021

Overview for the Week Ahead 

It is a quiet week for the US economic calendar this week but there are still some great opportunities to trade. 

The main event of the week is the FOMC monetary policy decision on Wednesday. 

With the markets expecting the FED to stand firm, the economic and interest rate projections and press conference will be pivotal. FED Chair Powell prepped the markets for the tapering to begin this year. The markets are not expecting any hint of a shift in policy on interest rates 

Investors will be watching the Federal Reserve closely this week as the agency offers new insight on inflation and its impact on the U.S. economic outlook and monetary policy moving forward. 

The market will also take in key housing data and a slew of earnings from big names including FedEx, Nike, and Costco. 

President Biden is also set to deliver in-person remarks to the 76th session of the United Nations General Assembly for the first time since taking office. 

This is as the market looks to bounce back after a losing week and an ongoing rocky September. 

It is a busy week for Europe with September PMIs for France, Germany, and the Eurozone will draw plenty of interest on Thursday. 

While Germany’s manufacturing PMI is key, expect influence from the entire data set. Market concerns over the economic recovery have tested support for riskier assets. Softer PMI numbers would test EUR support on the day. 

For the UK, the BoE’s monetary policy decision on Thursday will be the main event. 

Persistent inflationary pressure has raised the prospects of a sooner rather than later move by the BoE. However, weak retail sales figures have made things less clear so have your trading charts ready. 

This Week’s High Impact Events 

The times below are GMT +3. 

Tuesday 21st September 

  • No High Impact Events Today 

Wednesday 22nd September 

  • Tentative – Japan – Monetary Policy Statement, BOJ Policy Rate, & BOJ Press Conference 

Potential instruments to Trade: JPY Crosses.  

  • 10.55 – Europe – German Final Manufacturing PMI 

Potential instruments to Trade: EUR Crosses.  

  • 17.30 – US – Crude Oil Inventories 

Potential instruments to Trade: USD & CAD Crosses. 

  • 21.00 – US – FOMC Economic Projections, & FOMC Statement 

Potential instruments to Trade: USD Crosses. 

  • 21.30 – US – FOMC Press Conference 

Potential instruments to Trade: USD Crosses. 

Thursday 23rd September 

  • 10.00 – 11.00 – Europe – Flash Manufacturing & Flash Services PMI 

Potential instruments to Trade: EUR Crosses. 

  • 11.30 – UK – Flash Manufacturing PMI & Flash Services PMI 

Potential instruments to Trade: GBP Crosses. 

  • 14.00 – UK – Asset Purchase Facility, MPC Asset Purchase Facility Votes, Monetary Policy Summary, MPC Official Bank Rate Votes, & Official Bank Rate 

Potential instruments to Trade: GBP Crosses. 

  • 15.30 – Canada – Core Retail Sales m/m, Retail Sales m/m, & Unemployment Claims 

Potential instruments to Trade: CAD Crosses. 

  • 16.45 – US – Flash Manufacturing PMI & Flash Services PMI 

Potential instruments to Trade: USD Crosses. 

Friday 24th September 

  • 11.00 – Europe – German ifo Business Climate 

Potential instruments to Trade: EUR Crosses. 

  • 17.00 – US – Fed Chair Powell Speaks 

Potential instruments to Trade: USD Crosses. 

If you have any questions, please email our Education Centre.

If you have any questions or require any assistance, please contact one of our support team members via our Live Chat or email [email protected].

We are Errante. Trading made personal.

Errante is the trading name used by Notely Trading Ltd, an Investment Firm authorized and regulated by the Cyprus Securities and Exchange Commission (CySec) under license number [383/20]. Errante is governed by the Markets of Financial Instruments Directive (MiFID II) of the European Union.

To find out more about Errante, visit https://errante.eu.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.50% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Read our Risk Disclosure.

Get started for free

Create Account
×

Search