In a fast-moving market like the forex world, it’s never too early to be thinking ahead about what’s coming up in a few weeks’ time.
This article will explore what the first full trading week of September is currently looking like for forex traders.
Things will start slowly in North America on Monday the 2nd due to the Labour Day holidays which will be taking place in both the US and Canada.
In Australia, however, a number of key data points will be released.
Job advertisements information for August will be out at 1.30am GMT, and at the same time, there will be an indicator of company gross operating profits for the second quarter of 2019.
Chinese manufacturing purchasing managers’ index data for August will be out at 1.45am GMT. By that time, it is likely that the full effect of the ongoing trade woes between China and the US will have been factored into the equation, so it will be closely watched by traders.
Markit manufacturing PMI data from a series of European economies will be out in the run up to 8am GMT, including Italy, France, Germany and indeed a Europe-wide measure too.
British like for like retail sales data for August will come out just after 11pm GMT. Year on year, these were last recorded at 0.1%.
On Tuesday the 3rd, the Reserve Bank of Australia will announce its interest rate decision at 4.30am GMT. This was last seen at 1%, and only time will tell when the decision-making group at the Bank will consider following what is quickly becoming a global trend and cutting rates further.
Swiss consumer price index information for August will be out at 6.30am GMT. Year on year, this was last recorded at 0.3%.
European producer price index information for July will be out at 9am GMT. Month on month, this was last recorded at -0.6%.
US total vehicle sales information for August will be out at 7.30pm GMT.
Looking ahead to Wednesday the 4th, gross domestic product information for the second quarter of 2019 will be out at 1.30am GMT.
Spanish unemployment change data for August will be out at 7am GMT, while Markit services PMI data for the same country and period will be out 15 minutes later.
Europe-wide retail sales data for July will be out at 9am GMT. Year on year, this was last recorded at 2.6%.
Canadian labour productivity data for the second quarter of the year will follow at 12.30pm GMT. Trade balance information for July also comes out in this slot, and both exports and imports information will be covered.
The day will be neatly rounded off by the Bank of Canada’s interest rate statement, which will happen at 2pm GMT. The Bank has set rates at 1.75%. It is as yet unclear what decision will be made and could depend in part on other central bank decisions made in the meantime. It will be followed by a press conference at 3.15pm GMT.