The Week Ahead: 27th September – 1st October 2021

Overview for the Week Ahead 

Asian shares got off to a cautious start on Monday as a jump in oil prices to three-year highs could inflame inflation fears and aggravate the recent hawkish turn by some major central banks.  Oil pushed past its July peaks as global output disruptions forced energy companies to pull large amounts of crude out of inventories, while a shortage of natural gas in Europe pushed costs up across the continent.

For the US, Core durable goods orders for August kicks things off on Monday. The focus will then shift to consumer confidence figures on Tuesday. We have seen market sensitivity to consumer confidence heightened in recent months. On Thursday, the focus will then shift to final GDP numbers for the 2nd quarter and weekly jobless claims. Barring a marked revision to the GDP numbers, expect the jobless claims to be key. At the end of the week, inflation, personal spending, and ISM Manufacturing PMI figures will also influence. On the monetary policy front, we will expect increased sensitivity to FOMC member chatter in the week. FED Chair Powell and several FOMC members are scheduled to speak in the week.

For Europe, inflation is still a key area of interest, prelim member state and Eurozone inflation figures will also influence in the week. On the monetary policy front, ECB President Lagarde is also scheduled to speak in the week. Expect any chatter on the economic outlook or monetary policy to move the dial.

BoE Governor Bailey is due to speak on Wednesday. Following the BoE’s hawkish guidance last week, there will be plenty of interest in the Governor’s speech so be ready and watch the GBP during this event.

This Week’s High Impact Events

The times below are GMT +3.

Monday 27h September

  • 14.45 – Europe – ECB President Lagarde Speaks

Potential instruments to Trade: EUR Crosses.

  • 15.00 – US – FOMC Member Evans Speaks

Potential instruments to Trade: USD Crosses.

  • 15.30 – US – Core Durable & Durable Goods Orders m/m

Potential instruments to Trade: USD Crosses.

  • 19.00 – US – FOMC Member Williams Speaks

Potential instruments to Trade: USD Crosses.

  • 19.15– US – FOMC Member Brainard Speaks

Potential instruments to Trade: USD Crosses.

  • 21.00 – UK – BOE Gov. Bailey Speaks

Potential instruments to Trade: GBP Crosses.

Tuesday 28th September

  • 17.00 – US – CB Consumer Confidence

Potential instruments to Trade: USD Crosses.

  • 22.00 – US – FOMC Member Bostic Speaks

Potential instruments to Trade: USD Crosses.

Wednesday 29th September

  • 17.00 – US – Pending Home Sales

Potential instruments to Trade: USD Crosses.

  • 17.30 – US – Crude Oil Inventories

Potential instruments to Trade: USD & CAD Crosses. 

  • 18.45 – Europe – ECB President Lagarde Speaks

Potential instruments to Trade: EUR Crosses.

  • 18.45 – UK – BOE Gov. Bailey Speaks

Potential instruments to Trade: GBP Crosses. 

  • 18.45 – Japan – BOJ Gov. Kuroda Speaks

Potential instruments to Trade: JPY Crosses. 

  • 18.45 – US – Fed Chair Powell Speaks

Potential instruments to Trade: USD Crosses. 

Thursday 30th September

  • 04.00 – China – Manufacturing PMI

Potential instruments to Trade: CNY Crosses. 

  • Tentative – Japan – BOJ Gov. Kuroda Speaks

Potential instruments to Trade: JPY Crosses. 

  • 15.30 – US – Final GDP Price Index q/q, & Unemployment Claims

Potential instruments to Trade: USD Crosses. 

  • 17.00 – US – FOMC Member Williams Speaks

Potential instruments to Trade: USD Crosses. 

  • 18.00 – US – FOMC Member Bostic Speaks

Potential instruments to Trade: USD Crosses. 

  • 19.30 – US – FOMC Member Evans Speaks

Potential instruments to Trade: USD Crosses. 

Friday 1st October

  • 10.55 – Europe – German Final Manufacturing PMI

Potential instruments to Trade: EUR Crosses.

  • 15.30 – Canada – GDP m/m

Potential instruments to Trade: CAD Crosses.

  • 15.30 – US – Core PCE Price, & Price Index m/m

Potential instruments to Trade: US Crosses.

  • 17.00 – US – ISM Manufacturing PMI, & Revised UoM Consumer Sentiment

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