A number of Key Bank Members’ Speeches might cause significant volatility this week

September 25, 2017

Focus on Speeches and GDP Figures.

A number of Key Bank Members’ Speeches might cause significant volatility this week

This article is originally referred from FXPrimus News

FXPrimus has summarized the important market indicators of the week!

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This week’s Indicators

The week coming is very important to investors as key Bank Members are expected to provide clues about monetary policy.

Fed’s Yellen will speak at the National Association for Business Economics, and will deliver a speech with a title “Inflation, Uncertainty, and Monetary Policy” on Tuesday at 20:45.

Draghi’s testimony on Monday at 13:00 is expected to create a lot of volatility in the markets, as well as Carney’s speech at the Bank of England’s conference, celebrating 20 years of independence on Thursday and Friday.

Poloz will speak about the Canadian economy and monetary policy at 15:45 on Wednesday while BoJ Kuroda will speak today, Monday, at a meeting with business leaders in Osaka, where audience questions are expected.

EURUSD 4-HOUR CHART

MONDAY

A number of speeches that are likely to add some volatility.

This Monday kicks-off with a session full of speeches from key members of central banks, starting with BoJ’s Kuroda at 05:35 GMT.

FOMC Dudley will speak about workforce development, President Draghi is expected to testify about the economy and monetary developments in Brussels at 13:00 GMT, and this will be followed by FOMC Evans speech on the same subject at The Economic Club of Grand Rapids Luncheon Meeting.

RBA Bullock and FOMC Kashkari will also speak in Sydney and North Dakota respectively.

Earlier in the session the German Ifo Institute for Economic Research will release its latest Ifo index figures.

TUESDAY

Eyes on US Consumer Spending release and Yellen’s speech on inflation and policy.

A less volatile session compared to Monday starting with ANZ Business Confidence at 00:00 GMT.

At 14:00, CB will publish the latest Consumer Confidence data, while the figures of the New Home Sales will also be released at the same time.

This will be followed by Brainard’s speech at the Board Conference thirty minutes later, and then again at 16:45 with Yellen’s speech titled “Inflation, Uncertainty, and Monetary Policy” at the National Association for Business Economics Annual Meeting.

WEDNESDAY

A busy session with NZ being in the spotlight with its Cash Rate announcement.

A volatile start with EU Money Supply at 08:00. CB will follow with the US Core Durable Goods Orders at 12:30 and with the Pending Home Sales at 14:00.

EIA will release last week’s Crude Stocks thirty minutes later.

In Canada, Poloz is expected to speak about the recent developments in the Canadian economy and implications for monetary policy at 15:45.

Brainard will follow at 18:00 with the delivery of a speech titled “Labor Market Disparities and the Mission of the Federal Reserve”, two hours before NZ Official Cash Rate release.

THURSDAY

Kuroda, Carney and US quarter on quarter GDP to add volatility.

Investors could take advantage of Kuroda’s speech at the National Securities Industry Convention at 06:35 and Carney’s speech at 08:15 at the BoE’s independence conference as both are likely to create volatility.

RBA’s Debelle will speak at 09:00, and FOMC Fischer at 14:15, at the same conference.

At 12:30 the Bureau of Economic Analysis will release the quarterly US Final GDP, a report many investors are waiting, while at the same time the Jobless Claims are to be released too.

FRIDAY

A very volatile session with highlights being Draghi’s and Carney’s speeches and CA monthly GDP.

Friday is expected to be highly volatile starting with the Chinese Manufacturing PMI at 01:45.

At 08:30, the Office of National Statistics will release GB’s Current Account and Final GDP figure, and Eurostat the latest CPI Estimate thirty minutes later.

Canada will follow with its own GDP release at 12:30 while the PCE figures will be also published at the same time. Later, at 14:00, the University of Michigan will release the monthly Consumer Sentiment.

This will be followed by Draghi’s and Carney’s speeches at BoE’s independence conference at 14:15 and 14:45 respectively.

Original Source: FXPrimus News

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