Federal Reserve To Raise Interest Rates? - Weekly Report 15 - 19/9/2014

At 13.15 on Monday, September 15th, the US releases its Industrial Production figure for August, expected to drop to 0.3 percent from 0.4 percent in July.

Tuesday the 16th brings news from the UK, which reports its Consumer Price Index for August on an annual basis. Previously, the inflation benchmark was 1.6 percent. Traders can look out for that announcement at 8.30 am. Then, at 9am, Germany releases the ZEW Economic Survey for September. With any data coming out of Germany, there is always the possibility of a knock-on effect on the Euro, so look out for an improvement - or disappointment - on the previously reported figure of 44.3.

That takes us to 9 am on Wednesday the 17th , when Banc De Binary analysts recommend keeping a sharp eye on the Eurozone’s Consumer Price Index for August, previously reported at 0.4 percent. There’s no time to take a break, because Bank of England releases its Minutes at 9.30 am. At 12.30 midday, the US releases its Consumer Price Index for August, previously reported at 2 percent on an annual basis. At 6pm, all eyes are on the Federal Reserve’s Interest Rate Decision and Monetary Policy Statement. Will the Fed raise the key interest rate from the current level of 0.25 percent, or is it still too soon? Market speculation is going wild. If that’s not enough action for you, at 18.30, New Zealand announces its second-quarter GDP, previously reported at 3.8 percent on an annual basis.

Thursday the 18th is an exciting day, with the Scottish Independence Referendum. If Scotland votes yes to independence, there could be some economic repercussions after two leading British banks said they would relocate back to London. The decision is already weighing on Cable, so analysts recommend keeping an eye on the news about Scotland. Then, at 07.30, the Swiss National Bank announces its interest rate decision, previously at 0 percent. Traders of the British pound can look out for the UK’s Retail Sales for August at 8.30 am, previously reported at 2.6 percent.

On Friday the 19th, all the action is in Canada, which releases its Consumer Price Index for August at 12.30 midday. This was previously reported at 2.1 percent on an annual basis.