Let’s take a look at the FXTS Weekly Market Preview for the upcoming week 16th-20th September 2024. Discover the key events of the week ahead, including economic data releases and the quarterly reports of publicly listed companies.
Economic Highlights
This week, central bank meetings will dominate the landscape, with monetary policy decisions expected from the US, UK, Japan, Brazil, South Africa, Turkey, Indonesia, and Taiwan. These meetings are set to reveal pivotal policy decisions, including rate adjustments as key economies continue to grapple with inflation and recession risks.
In the US, the focus will be on the Federal Open Market Committee (FOMC) meeting, with expectations of a potential rate cut in September. Investors are watching closely, as opinions remain split on whether the Federal Reserve (Fed) will cut by 25 or 50 basis points by the end of the year. Economic data, including retail sales, industrial production, and housing market metrics, will further shape market sentiment.
The UK’s monetary policy will also take centre stage with the Bank of England (BoE) scheduled to meet. While inflation has shown signs of easing, service sector inflation remains elevated, prompting the BoE to take a cautious approach to future rate cuts. Key inflation data for August will be closely watched ahead of the meeting.
Meanwhile, the Bank of Japan’s (BoJ) meeting is unlikely to result in immediate changes to interest rates, as the country continues to manage interest rate differentials and easing inflationary pressures. The BoJ’s hawkish stance and its potential future impact on the USD/JPY currency pair will be of particular interest.
Key Events
Monday 16th September
Earnings
- SunCar Technology Group Inc. (SDA) – H1 2024
Releases
- Italy (Inflation) – August, Final
- Eurozone (Balance of Trade) – July
Tuesday 17th September
Earnings
- Ferguson Enterprises Inc. (FERG) – Q4 2024
Releases
- Eurozone (ZEW Economic Sentiment Index) – September
- Germany (ZEW Economic Sentiment Index) – September
- Canada (Inflation) – August
- United States (Retail Sales) – August
- United States (Industrial Production) – August
Wednesday 18th September
Earnings
- General Mills, Inc. (GIS) – Q1 2025
Releases
- Japan (Trade) – August
- United Kingdom (Inflation) – August
- Indonesia (BI Interest Rate Decision)
- South Africa (Inflation) – August
- Eurozone (Inflation) – August, Final
- United States (FOMC Interest Rate Decision)
- Brazil (BCB Interest Rate Decision)
Thursday 19th September
Earnings
- FedEx Corporation (FDX) – Q1 2025
Releases
- Turkey (TCMB Interest Rate Decision)
- United Kingdom (BoE Interest Rate Decision)
- United States (Philadelphia Fed Manufacturing Index) – September
- South Africa (SARB Interest Rate Decision)
- United States (Existing Home Sales) – August
Friday 20th September
Earnings
- Tamboran Resources Corporation (TBN) – Q4 2024
Releases
- Japan (CPI) – August
- China (Loan Prime Rate) – September
- Japan (BoJ Interest Rate Decision)
- United Kingdom (Retail Sales) – August
- Canada (Retail Sales) – July
- Eurozone (Consumer Confidence) – September, Flash
For a more detailed look at this week’s market events, head over to our Economic Calendar.
