What to expect next week 11.09-15.09 2017

Over the past week we witnessed risk-off moods on  the markets. Safe-haven instruments, such as JPY and GOLD, are trading with an increase. On Friday, the dollar reached its lowest level against the yen this year. The Fed's expectations to raise interest rates once again this year are down and this has a negative impact on the US dollar. Another factor behind the fall in the greenback is concern about the damage caused by Hurricane IRMA, which has already taken the lives of about 32 people. The euro rose after the comments of Mario Draghi on Thursday that the currency remained strong and that the euro area GDP growth remained stable. Moods for the currency remain positive. Gold reached its highest price for the year on Friday as a weak dollar, and investor concerns about climate problems in the United States remain. On the other hand, tensions in North Korea have not yet faded, which is also positive for GOLD. Oil was trading higher this week, but on Friday it fell after data on the number of Baker Hughes platforms that was negative for the price of black gold.

The most important events next week are the interest rate decisions in Switzerland and the UK. There is no expectation of a change in rates in either country, but central bank leaders will be followed up and will lead the currencies movements. On the other hand, there is speculation that North Korea can make a new rocket test on Saturday, and if it does, we will again watch the caution of the markets.

The events which we will be tracking next week:

Monday:

01:45 - New Zealand - Electronic Card Retail Sales

15:15 - Canada - Housing Starts

Tuesday:

04:30 - Australia - NAB Business Confidence

08:30 - France - French Non-Farm Payrolls

11:30 - UK - CPI

17:00 - USA - JOLTs Job Openings

Wednesday:

01:45 - New Zealand - Westpac Consumer Sentiment

09:00 - Germany - CPI

10:15 - Switzerland - PPI

11:30 - UK -Average Earnings Index +Bonus

11:30 - UK - Claimant Count Change

12:00 - EU - Industrial Production

15:30 - USA - PPI

17:30 - United States - Crude Oil Inventories

Thursday:

04:30 - Australia - Employment Change

05:00 - China - Industrial Production

10:30 - Switzerland - SNB Interest Rate Decision

11:30 - UK – Retail Sales

14:00 - UK - BoE Interest Rate Decision

15:30 - Canada - Housing Price Index

Friday:

12:00 - EU - Wages in euro zone

15:30 - US – Retail Sales

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