August 30, 2023
September 2023 EVENTS
The Unemployment rate for July was 3.5%. It is expected to remain at 3.5% for August. Non-Farm Payrolls are expected to fall to 180,000 for August, lower than July’s figure of 187,000.
Possible Influence: Volatile US Dollar, Gold and US Stocks
July’s ISM Manufacturing PMI printed at 46.4. The consensus forecast for August is 47.
Possible influence: Volatile US Dollar, Gold and US Stocks
The RBA will meet to decide on interest rates. The current rate is 4.10%.
Possible Influence: Volatile Australian Dollar
The central bank will meet to discuss interest rates and policy. The current interest rate is 5% after rates were increased by 0.25% at the previous meeting on July 11th.
Possible influence: Volatile Canadian dollar
The presidents of Russia and Turkey will meet in Sochi, Russia, to discuss mutual issues including energy, trade, Ukraine and the currently collapsed Black Sea Grain Deal. Erdogan is thought to be attempting to get Putin to sign a new Grain Deal.
Possible Influence: Volatile Wheat prices
Leaders of the G20 nations including US, Russia, UK, Germany,, India, China and Turkey will meet in Delhi, India to discuss trade, finance, energy and geopolitical topics. The theme is “One Earth, One Family, One Future.”
Possible Influence: Volatile US Stocks, US Dollar, Gold
According to CNBC, when the company unveils a new iPhone model, the hype-filled events are typically watched simultaneously by millions of viewers online. The company could also announce new Apple Watch models at the event, including an updated version of the high-end Apple Watch Ultra.
Possible Influence: Volatile Apple and other Technology Stocks
Core CPI (excluding food and energy) was 4.7%, Year-over-Year in July. Top-line CPI for July came in at 3.2%, Year-over-Year in July.
Possible Influence: Volatile US Dollar, Gold and US Stocks
The ECB will meet to set interest rates and to discuss policy on September 14th. The Eurozone deposit rate is currently at 3.75%.
Possible Influence: Volatile EUR, GER40 Index
Retail Sales grew to 0.7%, Month-over-Month, in July, which was higher than expected by the market.
Possible Influence: Volatile US Dollar, Gold and US Stocks
The U.S. Central Bank’s 2-day meeting concludes on September 20th. They will announce their latest interest rate decision and hold a press conference after to discuss their outlook moving forward as well as their plans for adjustments to their balance sheet. The current rate is 5.5%. They raised it 25 basis points at their last meeting on July 26th.
Possible Influence: Volatile US Dollar, Gold and US Stocks
The Monetary Policy Committee of the Bank of England will meet to decide on interest rates. The current rate is 5.25%. It was raised 25 basis points at their last meeting on August 2nd.
Possible Influence: Volatile British Pound and British stocks
The Bank of Japan meets to set rates which are expected to remain at -0.10%
Possible Influence: Volatile Japanese Yen