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What to expect next week Sept. 04-08

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In the past week, we have seen growth in US and European indices, with Nasdaq reaching new record highs thanks to global economic growth in the US and China. In the currency market, the Canadian dollar and the British pound were among the strongest, followed by the Australian dollar. The rise in oil prices, along with better economic data from Canada, pushed the Canadian currency higher. Among the worst currencies were the kiwi, the frank and the yen. The euro and the dollar remained little changed, probably due to mixed economic data from the United States.

Next week, the most important events we are going to monitor are the Australian, Canadian and European interest rate decisions, as well as the GDP that will probably move the currency market. Monday is an official holiday in the United States and Canada due to the Labor day. Indexes growth might be continued next week, as markets are calm and tensions with North Korea are gradually declining.

Economic news and events that will move the markets next week

Monday
United States - Labor Day
Canada - Labour Day
04:30 Australia - Company Gross Operating Profits
11:30 UK - Construction PMI
12:00 Euro zone - PPI

Tuesday
02:01 UK - BRC Retail Sales Monitor
04:30 Australia - Current Account
04:45 China - Caixin Services PMI
07:30 Australia - RBA Interest Rate Decision
08:45 Switzerland - GDP
08:45 Switzerland - CPI
10:50 France - Services PMI
10:55 Germany - Services PMI
11:00 Europe - Services PMI
15:55 USA - Redbook
17:00 USA - Factory Orders
Tentative - New Zealand - GlobalDairyTrade Price Index

Wednesday
04:30 Australia - GDP
09:00 Germany - Factory Orders
11:10 Euro zone - Retail PMI
15:30 USA - Trade Balance
15:30 Canada - Import/Export, Trade balance & Labor Productivity
16:45 USA - Services PMI & Markit Composite PMI
17:00 USA - ISM Non-Manufacturing Employment and Non-Manufacturing PMI
17:00 Canada - BoC Interest Rate Decision
21:00 USA - Beige Book

Thursday
04:30 Australia - Retail Sales and Trade balance
08:00 Japan - Leading index
09:00 Germany - Industrial Production
09:45 France - Import/Export, Trade balance & Current account
10:30 UK - Halifax House Price Index
12:00 Euro zone - GDP
14:45 Euro zone - ECB Interest Rate Decision
15:30 Euro zone - ECB Press Conference
15:30 USA - Nonfarm Productivity
15:30 USA - Unit Labor Costs
15:30 Canada - Building Permits
16:45 USA - Bloomberg Consumer Confidence
17:00 Canada - Ivey PMI
18:00 USA - Crude oil inventories

Friday
02:50 Japan - Current Account
02:50 Japan - GDP
04:30 Australia - Home Loans
Tentative - China - Import/Export and Trade Balance
08:45 Switzerland - Unemployment Rate
09:00 Germany - Import/Export and Trade Balance
09:45 France - Government Budget Balance
11:30 UK - Manufacturing and Industrial Production
11:30 UK - Trade Balance
15:00 UK - NIESR GDP Estimate
15:30 Canada - Employment Change
15:30 Canada - Unemployment Rate
17:00 USA - Wholesale Inventories
17:00 USA - Consumer Credit

Jr Trader Ivan Ivanov


 Varchev Traders

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