Traders’ calendar for September 10 – 11 ECB to hold key policy meeting (USD, JPY, GBP)


Those who speculate on the euro/dollar pair are braced for a turbulent week. The highlight of the week is the ECB policy
meeting slated for Thursday. Are there any reports that will influence
market sentiment? Let’s find out from our video calendar on
InstaForex TV channel! Tomorrow the most important data is due early
in the morning. China is going to report on its consumer inflation. The consensus suggests that consumer prices
eased to 2.6% in August. If so, investors will again voice concern
that the second largest global economy is cooling down. This will revive demand for the safe haven
yen. Today the market got to know data on the UK
economic growth for July and industrial production. Tomorrow the market will take notice of data
on the UK labor market. Of course, Brexit remains the catalyst for
market sentient on the pound sterling. However, any positive news on the British
economy enables the sterling to regain some of losses against the US dollar. Experts assume the claimant count change could
reveal 29,300 more unemployed Britons, but the actual figure could be much smaller. Thus, if the labor market reveals strong data,
the pound/dollar pair will respond with a climb. The market-moving report on Wednesday is a
producer price index from the US. Before the report is released, traders will
focus on the ECB policy meeting. The regulator will unveil its policy update
on Thursday. Nevertheless, make sure you check the US PPI
that will clear up prospects of consumer inflation. Experts foresee a flat dynamic of factory
inflation. Such information could subdue the US dollar’s
rally amid expectations of monetary easing by the ECB. Apart from the above-said events, it would
be a good idea for traders to consider the following publications. Tomorrow Australia is due to release a business
confidence index. France will report on industrial production. Canada will present data on the construction
sector. On Thursday, the ECB will eventually announce
long-awaited policy statements. Nevertheless, such events will hardly change
market sentiment radically.

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