You’re watching the Dukascopy Economic Calendar for Wednesday, the 7th of September. Let’s see which news releases could shake up the currency markets.
Starting things off at 6 AM is the German Industrial Production for July. Output rebounded in June, reversing a point 9% slip the previous month.
UK Industrial Output for July follows at half past 8. Output has been declining for the past two months, but it is worth remembering the latest UK data has surprised on the upside as the weak Pound has boosted both manufacturing and services.
Bank of England Governor Mark Carney will be testifying on the inflation report before Parliament’s Treasury Committee, and the closely watched hearing starts at 1:15 PM GMT. This is the first inflation hearing after the Brexit vote.
Coming up next at 2 are the US JOLTS Job Openings for July. The number of openings recovered in June from the six-month low reached the previous month, but do remember that even the low level was still above 5.5 million.
Bank of Canada will release its closely watched monetary policy statement at the same time. The interest rate has stood unchanged for the past 9 months, and traders are not anticipating a cut this time around.
And UK Monthly NIESR GDP Estimate for August is out at this time as well. The previous report covered the 3 months up to July and showed a notable slowdown when compared to the point 6% gain the previous period.
The latest Fed Beige Book is published at 6. Fed officials have repeatedly stated they may raise the interest rate in September, and this publication will be among the documents taken into consideration.
UK RICS House Price Balance for August comes at 11:01. The Index plunged by 10 percentage points in June, dropping to its lowest level in more than three years and suggesting real estate is one sector hit particularly hard by the Brexit vote.
The final version of Japanese second quarter GDP will be available at 11:50. The preliminary estimate suggests the Japanese economy has stagnated, and this data could be confirmed.
And Australian Trade Balance for July concludes the schedule at half past 1 AM. Trade deficit widened in June as exports went down and imports increased.
I’m Kiays Khalil and this was the Economic Calendar for Wednesday, but Thursday brings a very important release from the European Central Bank, so do check back.
You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#193223
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