The Week Ahead: 28th August – 1st September 2023

Overview for the Week Ahead

After Federal Reserve chair Jerome Powell ended the week noting the central bank is “prepared to raise rates further,” the economic calendar will bring two of the Fed’s key data points into focus in the week ahead: A labour report and an updated look at inflation.

The Personal Consumption Expenditures (PCE) index, the Fed’s preferred inflation indicator, is scheduled for Thursday morning while the August jobs report is expected Friday.

Investors will track weekly jobless claims data and the monthly read on private payrolls from ADP, both due out Thursday. The monthly look at job openings on Tuesday will also garner investor attention as will fresh data on housing prices and manufacturing prices.

Have your trading charts ready for a very busy week!

This Week’s High Impact Events

The times below are GMT +3.

Monday 28th August

  • No High Impact Events

Tuesday 29th August

  • 10.40 – Australia – RBA Gov-Designate Bullock Speaks

Potential instruments to Trade: AUD Crosses. 

  • 16.00 – US – S&P/CS Composite-20 HPI y/y

Potential instruments to Trade: USD Crosses. 

  • 17.00 – US – CB Consumer Confidence, JOLTS Job Openings

Potential instruments to Trade: USD Crosses. 

Wednesday 30th August

  • 04.30 – Australia – CPI y/y

Potential instruments to Trade: AUD Crosses. 

  • All-Day – Europe – German Prelim CPI m/m

Potential instruments to Trade: EUR Crosses. 

  • 10.00 – Europe – Spanish Flash CPI y/y

Potential instruments to Trade: EUR Crosses. 

  • 15.15 – US – ADP Non-Farm Employment Change

Potential instruments to Trade: USD Crosses. 

  • 15.30 – US – Prelim GDP q/q

Potential instruments to Trade: USD Crosses. 

Thursday 31st August

  • 04.30 – China – Manufacturing PMI

Potential instruments to Trade: CNY Crosses. 

  • 15.30 – US – Unemployment Claims, Core PCE Price Index m/m

Potential instruments to Trade: USD Crosses. 

Friday 1st September

  • 09.30 – Switzerland – CPI m/m

Potential instruments to Trade: CHF Crosses. 

  • 15.30 – Canada – GDP m/m

Potential instruments to Trade: CAD Crosses. 

  • 15.30 – US – Average Hourly Earnings m/m, Non-Farm Employment Change, Unemployment Rate

Potential instruments to Trade: USD Crosses. 

  • 17.00 – US – ISM Manufacturing PMI

Potential instruments to Trade: USD Crosses. 

If you have any questions or require any assistance, please contact one of our support team members via our Live Chat or email [email protected].

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