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Looking ahead: week commencing 9th September in forex

The foreign exchange trading week coming up next week is set to be a busy one, and it’s worth thinking about it now before it hits.

Sunday will kick off with a range of Chinese data releases.

Exports and imports data is due at 7am GMT, covering the month of August.

Year on year, imports were last recorded at 0.4%.

Those who have been following the US-China trade battle data will know that this figure could well be affected by what has occurred in the last few months – as could the exports figure, which was last recorded at 10.3%.

Japanese gross domestic product data covering the second quarter of the year will be out at 11:50pm GMT.

Quarter on quarter, this is expected to show a rise from 0.4% to 0.5%.

Monday morning, the Swiss unemployment rate for August will be revealed at 5:45am GMT.

Month on month, it is expected that the metric will stay the same at 2.3%.

German import and export data for July will be out at 6am GMT.

Month on month, import data was last recorded at 0.5% and export data was at -0.1%.

British industrial production figures for July will be out at 8:30am GMT.

Month on month, these are expected to show a shift from -0.1% to -0.2%.

British manufacturing production figures for July will also be out then, and are expected to show the exact opposite month on month – and to move from -0.2% to -0.1%.

British gross domestic product data for July will be the next big announcement, due out at 8:30am GMT.

Looking ahead to Tuesday, China’s consumer price index information for August will be revealed at 1:30am GMT.

It is expected that this will show a year on year change from 2.8% to 2.7%.

British unemployment rate figures from the ILO will be out at 8:30am GMT, covering the month of July.

These were last recorded at 3.9%.

The overall British claimant count rate covering August will be revealed at 8:30am GMT too.

This was last recorded at 3.2%.

On Wednesday, the main event will be the US producer price index covering August, excluding food and energy.

Month on month, it is expected that it will show a rise from -0.1% to +0.2%.

Japanese machinery orders data for July will be out at 11:50pm GMT.

Year on year, this was last recorded at 12.5%.

On Thursday, the harmonised index of consumer prices data for August will be out at 6am GMT.

This is expected to show a year on year change from 1% to 1.1%.

The European Central Bank will announce its interest rate decision on Thursday too.

This is expected to come at 11:45am GMT.

It is currently not clear what path the bank will choose to go down.

The interest rate is currently set at 0%, while the deposit rate – which is also being decided on that day – is currently set at -0.4%.

It is expected that this decision will be widely watched, with some predicting that the Bank will cut interest rates significantly.

Risk Statement: Trading Foreign Exchange on margin carries a high level of risk and may not be suitable for all investors. The possibility exists that you could lose more than your initial deposit. The high degree of leverage can work against you as well as for you.


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