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easyMarkets Releases September Market Watch

25 August 2016

Evdokia Pitsillidou, Risk Associate, easyMarkets

Forex and CFD broker easyMarkets asked its top analysts what they’ll be looking out for in the markets this coming September. With summer holidays coming to an end in the northern hemisphere and a spring in the southern hemisphere’s step, there’s a lot of action to keep traders and investors happy.

Chinese PMIs – 1 September

The month kicks off with the third largest economy in the world releasing key manufacturing and non-manufacturing PMIs. Currency and commodity traders will be watching carefully on the state of the reports.

US Nonfarm Payrolls – 2 September

US nonfarm payrolls is one of the most watched indicators on the financial calendar. US dollar bulls will be following it closely for indications on the health of the economy and indications of the next Fed rate hike.

Eurozone GDP – 6 September

Second quarter GDP will be released on the world’s second largest economic region – the European Union. Many will be wondering how a post-Brexit referendum EU is holding up. Analysts are not hopeful forecasting a meagre 0.3% increase.

ECB Interest Rate Decision – 8 September

The EU’s central bank will be releasing its interest rate decision. Many are not expecting many changes as they are still assessing the success of previous monetary loosening campaigns. Investors - may be interested in any central bank releases as we are seeing a digression amongst central banks’ policies on a global scale. This kind of unevenness can throw up some surprises that traders may capitalize on.

More Data out of China – 12 September

Chinese economic data will the one to watch in the second week of September, with reports on retail sales, industrial production and foreign direct investment. Following disappointing results in July, investors may be pondering on whether the Chinese economy will continue to show signs of slowing.

BOE Interest Rate Decision - 15 September

Last month the Bank of England (BOE) lowered interest rates to 0.25% and increased the size of its monthly bond purchases. Governor Mark Carney indicated that more easing may be on the way, so September’s meeting will be closely followed by GBP and euro traders.

BOJ and US Fed Interest Rate Decisions – 21 September

The big day to watch this month is 21 September 21 as both the Bank of Japan (BOJ) and the US Federal Reserve release policy statements. Investors are expecting a lot of volatility as the BOJ are expected to implement are more aggressive stimulus campaign. In the meantime, the Fed are expected to play it quietly though any surprises as to a rate hike may mean huge moves in the markets.

US GDP – 28 September

After disappointing GDP results, the world’s largest economy will release its final estimate of Q2 GDP. An important announcement that will also feature final data on core personal consumption expenditures (PCE), the Federal Reserve’s preferred measure of inflation.

UK GDP – 29 September

The next day sees the UK release its Q2 GDP but unlike the US, it’s had positive reports previously. However, traders are expecting a shift in Q3 as the expected slowdown post Brexit vote kicks in. 

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