Trader’s calendar for September 19-20: Fed’s meeting to be starting point (GBP/USD, USD/CAD)


Tonight the Federal Reserve is going to announce
its decision regarding the further monetary policy, and tomorrow we will see the market’s
reaction to this news. This information is going to be in the spotlight. However, traders will also pay attention to
other reports as well. To find out more details about it, watch video
calendar for traders on Instaforex TV. First of all, investors should consider the
news from Australia’s labor market. This report is likely to have a negative impact
on the aussie as it will remind about the economy’s weakness and the need for stimulus
measures. Yesterday the Reserve Bank of Australia announced
that it was ready to lower its interest rate once again, even though it had been already
cut to the historical low of 1.00% in June and July. The pound/dollar pair’s traders will be
on alert tomorrow as the Bank of England’s meeting and the retail sales data are scheduled. Traditionally, such day is called Super Thursday. Both the rate and share buyback programme
are expected to remain unchanged and trigger the short-term sell-offs of the pound. Besides, the pound’s bears may appreciate
one more report which is due before the meeting of the Monetary Policy Committee’s outcome
will be released. A few hours before the Bank of England’s
meeting ends, we will learn about the UK domestic consumption. The retail sales report will shed some light
on consumer sentiment and the upcoming changes in inflation. The indicator is anticipated to lower to 2.9%
from 3.3% on a year-on-year basis. A similar report from Canada will finish this
weekly session. Experts forecast the country’s retail sales
to advance by 0.4% after remaining unchanged in the previous month. If this outlook gets confirmed, the loonie
will finally strengthen. Especially considering its moderate reaction
to an increase in oil prices. Apart from the mentioned events, traders should
look at the following publications. The GDP data from New Zealand will open a
trading session tomorrow. The Bank of Japan and the Swiss National Bank
will follow the Bank of England and announce their interest rates decisions. Canada’s ADP employment change and the US
Philadelphia Fed Manufacturing Survey will come from the American continent. Friday is going to be a busy day as well. Japans inflation will set a tone in the morning,
Germany’s producer price index and the EU consumer confidence report will be out during
the European trade. At the end of the weakly session, market players
will focus on the speech of FOMC Member Eric Rosengren.

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