Non-Farm Payrolls Set to Rise in September? - Weekly Report 29/09/ - 03/10

On Monday the 29th, the action starts at 12:30 with the release of US Core Personal Consumption Expenditure for August, which may have an impact on the USD. This figure was previously reported at the level of 1.5 percent, and following some mixed results out of the US last week, our analysts are keeping a watchful eye on this data. Japan releases its high-impact Unemployment Rate data for August at 23:30, previously reported at 3.8 percent.

Tuesday’s trading events start off bright and early at 07:30 with Germany’s Unemployment Change for September, previously reported at one thousand in the black. Europe’s economic giant also releases its Unemployment Rate for September, previously at 6.7 percent. At 08:30, a big event comes for the UK and Sterling, with Britain’s second-quarter GDP, previously reported at 0.8 percent on a quarterly basis. Trading momentum continues at 09:00 with the Eurozone’s Consumer Price Index for September, reported previously at 0.4 percent on an annual basis, and expected to come in at 0.3 percent. The USD could see some action against its peers at 14:00, when US Consumer Confidence for September is released, and expected to rise to 92.5 from 92.4.

That brings us to Wednesday October 1st, and a brand new trading month with some potential action on the EUR-USD. At 09:00, the Eurozone reports its GDP for the second quarter, previously at the level of 0.7 percent. Then, at 14:00, the US releases ISM Manufacturing data for September, with the benchmark expected to drop to 58.3 from 59.

Thursday October 2nd brings the big boys back with the ECB announcing its Interest Rate decision. The big question on the market’s mind is whether the central bank can possibly slash rates any further without ECB chief Mario Draghi’s determined interventionism appearing desperate. The interest rate decision is followed by the usual press conference at 12:30. Banc De Binary has a more in-depth look at how central bank interest rates affect currencies, watch Episode 10 of ‘In The Money’ for more insights from our senior analyst.

Friday October 3rd is big news for the USD and Gold, as the US announces its Non-Farm Payroll results for September at 12:30, expected to rise to 203 thousand from 142 thousand. To learn more about this huge market event, watch Episode 1 of ‘In The Money’.