Last Week Recap
Last week the Fed decided to hold interest rates steady, but still managed to shake the financial market with a more hawkish vision for future hikes. Gold prices dropped as a result, testing the $1924 support level. Meanwhile, crude oil prices gained momentum despite the Fed's continued restrictive policy, as markets focused on the tighter supply.
This Week’s Outlook
In the upcoming week features major news and economic releases that hold the potential to influence the latest market moves.
The U.S.
On Tuesday, September 26, 2023 at 6:00 PM, GMT+4 (Dubai Time), CB Consumer Confidence is scheduled to be released by the Conference Board Inc.
New Home Sales is set to be released by the Census Bureau on Tuesday, September 26, 2023 at 6:00 PM, GMT+4 (Dubai Time).
Durable Goods Orders m/m is scheduled to be released by the Census Bureau on Wednesday, September 27, 2023 at 4:30 PM, GMT+4 (Dubai Time).
The National Association of Realtors is set to release the Pending Home sales m/m on Thursday, September 28, 2023 at 6:00 PM, GMT+4 (Dubai Time).
On Friday, September 28th 2023, Fed Chair Powell is due to speak at 12:00 AM, GMT+4 (Dubai Time).
The Bureau of Economic Analysis is scheduled to release the Core PCE Price Index m/m on Friday, September 29, 2023 at 4:30 PM, GMT+4 (Dubai Time).
China
Both the Manufacturing PMI and the Non-Manufacturing PMI are set to be released by the CFLP on Saturday, September 30, 2023 at 5:30 AM, GMT+4 (Dubai Time).
Canada
Gross Domestic Product (GDP) m/m is set to be released by Statistics Canada on Friday, September 29, 2023 at 4:30 PM, GMT+4 (Dubai Time).
Australia
The Consumer Price Index (CPI) y/y is scheduled to be released by the Australian Bureau of Statistics on Wednesday, September 27, 2023 at 5:30 AM, GMT+4 (Dubai Time).
Japan
The Unemployment Rate is scheduled to be released by the Statistics Bureau on Friday, September 29, 2023 at 3:30 AM, GMT+4 (Dubai Time).
The Ministry of Economy, Trade and Industry (METI) is set to release the Retail Sales y/y data on Friday, September 29, 2023 at 3:50 AM, GMT+4 (Dubai Time).
The content published above has been prepared by CFI for informational purposes only and should not be considered as investment advice. Any view expressed does not constitute a personal recommendation or solicitation to buy or sell. The information provided does not have regard to the specific investment objectives, financial situation, and needs of any specific person who may receive it, and is not held out as independent investment research and may have been acted upon by persons connected with CFI. Market data is derived from independent sources believed to be reliable, however, CFI makes no guarantee of its accuracy or completeness, and accepts no responsibility for any consequence of its use by recipients.