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Market Opportunities : Week 05-09-2022 - 09-09-2022
AUDUSD: Reserve Bank of Australia interest rate decision in September is an important event for forex markets due September 6. There is virtually zero likelihood the RBA may not hike rates again, in case the bank raises rates by 75 basis points instead of 50 basis points like it did in August it will be bullish for AUDUSD.
EURUSD: European Central Bank interest rate decision is the key economic event in the September 5-9 week. European Central Bank will hold its conference on September 8. ECB has said it plans to raise rates to bring inflation back to its target rate of just above 2%. In case the ECB actually raises interest rates by 75 basis points instead of 50 basis points like it did in July - the EURUSD will get a bullish boost.
EURUSD: European Central Bank interest rate decision is the key economic event in the September 5-9 week. European Central Bank will hold its conference on September 8. ECB has said it plans to raise rates to bring inflation back to its target rate of just above 2%. In case the ECB actually raises interest rates by 75 basis points instead of 50 basis points like it did in July - the EURUSD will get a bullish boost.
Key Events to Watch
Swipe table
| Date | Country | Event | Forecast | Previous |
|---|---|---|---|---|
| 2022-09-05 | CHF | Switzerland Gross Domestic Product (GDP) q/q | -0.2% | 0.5% |
| 2022-09-05 | EUR | European Union Retail Sales m/m | -0.7% | 1.2% |
| 2022-09-06 | AUD | Reserve Bank of Australia (RBA) Interest Rate Decision | 1.85% | |
| 2022-09-06 | USD | ISM United States Non-Manufacturing Purchasing Managers Index (PMI) | 56.0 | 56.7 |
| 2022-09-07 | AUD | Australia Gross Domestic Product (GDP) q/q | 0.6% | 0.8% |
| 2022-09-07 | EUR | European Union Employment Change q/q | 0.3% | 0.3% |
| 2022-09-07 | EUR | European Union Gross Domestic Product (GDP) q/q | 0.6% | 0.6% |
| 2022-09-07 | CAD | Ivey Canada Purchasing Managers Index (PMI) | 61.1 | 49.6 |
| 2022-09-07 | CAD | Bank of Canada (BoC) Interest Rate Decision | 2.50% | |
| 2022-09-08 | JPY | Japan Gross Domestic Product (GDP) q/q | 0.5% | 0.5% |
| 2022-09-08 | AUD | Reserve Bank of Australia (RBA) Governor Lowe Speech | ||
| 2022-09-08 | EUR | European Central Bank (ECB) Deposit Facility Rate Decision | 0.00% | |
| 2022-09-08 | EUR | European Central Bank (ECB) Interest Rate Decision | 0.50% | |
| 2022-09-08 | EUR | European Central Bank (ECB) Marginal Lending Facility Rate Decision | 0.75% | |
| 2022-09-08 | EUR | European Central Bank (ECB) Monetary Policy Press Conference | ||
| 2022-09-08 | USD | EIA United States Crude Oil Stocks Change | ||
| 2022-09-09 | NZD | New Zealand Electronic Card Retail Sales m/m | 0.5% | -0.2% |
| 2022-09-09 | CAD | Canada Employment Change | -8.8 K | -30.6 K |
