Expectations for the upcoming week
The start of September promises to be eventful, among which the RBA interest rate decision and the inflation report in the UK deserve special attention on Tuesday. On Wednesday, attention will be focused on Australia’s GDP and the interest rates of the Bank of Canada. On Thursday, all attention will be directed to the US statistics: data on business activity and oil inventories. On Friday the main event of the week is expected – an employment report in the US. Also an employment data in Canada will be published but it have a local impact.
The main event of the week will be a report on employment in the US (NFP). Preparation for him at the correction of positions in the dollar will begin in advance, which will certainly affect the market. Also in September, the US expect an increase in rates, and this will be the last employment report before the Fed meeting. Therefore it is expected significant volatility in the publication of the employment report. (Dani Leviant)
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