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Forex – Weekly Outlook: September 28 – October 2

November 1, 2015 - Author: Bradley - Comments are closed

The dollar found support after Yellen stated Thursday the United States
main bank continues to be on track to raise interest rates this
year.

The remarks guaranteed financiers that financial policy has not
altered substantially following the Feds decision to hold off
hiking rates earlier this month.

An increase in interest rates would improve the greenback by
making it more appealing to yield-seeking investors.

The greenback received an added increase after data on Friday
revealed that the US economy grew at a much faster rate than previously
estimated in the 3 months to June.

The Commerce Department stated gross domestic item broadened at
an annual rate of 3.9 % in the second quarter, up from an initial
price quote of 3.7 %.

Consumer spending, which comprises more than two-thirds of US
economic activity was revised as much as 3.6 % from the 3.1 % reported in
August.

EUR/USD was at 1.1194 in late trade, off 0.33 % for the day.

The yen and the Swiss franc were likewise lower versus the
greenback, with USD/JPY advancing 0.36 % to 120.48 and USD/CHF up
0.3 % to 0.9780.

Sterling was also weaker, with GBP/USD sliding 0.4 % to 1.5178 in
late trade.

The United States dollar index, which measures the greenbacks strength
against a trade-weighted basket of six major currencies, was last
up 0.27 % at 96.37.

In the week ahead, financiers will be expecting Fridays
tasks report for September. A strong reading would bolster
expectations for a Fed lift-off prior to the end of the year.

Market individuals will also be seeing Wednesdays euro zone
inflation report amid issues that the ECB could increase its
monetary stimulus program.

Ahead of the coming week, Investing.com has compiled a list of
these and other substantial occasions likely to influence the
markets.

Monday, September 28

New york city Federal Reserve President William Dudley and Chicago
Fed President Charles Evans are both to speak, at different
occasions.

The United States is to launch information on personal earnings and spending as
well as a report on pending home sales.

Tuesday, September 29

In the euro zone, Germany and Spain are to launch preliminary
data on consumer rate inflation.

The UK is to report on net private financing.

Canada is to release information on raw productbasic material cost inflation.

The United States is to report on the trade balance and consumer
sentiment.

Later Tuesday, Bank of England Guv Mark Carney is due to
speak at an occasion in London.

Wednesday, September 30

Japan is to produce information on retail sales.

New Zealand is to report on business self-confidence, while Australia
is to publish figures on building approvals.

The United States is to launch modified data on second quarter
development.

Germany is to release information on employment and retail sales. The
euro location is to launch exactly what will be carefully viewed information on
inflation and a report on the unemployment rate.

Canada is to launch its monthly report on financial development.

The US is to launch the monthly ADP nonfarm payrolls report,.
along with data on production activity in the Chicago.
area.

Later in the day, Fed Chair Janet Yellen is to speak at an occasion.
in St. Louis.

Thursday, October 1.

Japan is to publish the newest reading of its Tanken index.

Markets in China are to remain closed for a national.
vacation.

China is to release reports on manufacturing and service sector.
activity from the China Federation of Logistics and Purchasing, as.
well as the Caixin services index and the modified reading of the.
Caixin production index.

Switzerland is to report on retail sales.

The UK is to publish its manufacturing index.

The United States is to release a report on preliminary unemployed claims and.
data on manufacturing activity from the Institute for Supply.
Management.

Friday, October 2.

Markets in China are to continue to be closed for a national.
holiday.

Australia is to release information on retail sales.

The UK is to publish its building index.

The United States is to assemble the week with the closely watched.
nonfarm payrolls report, and data on factory orders.

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