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Daily Update - 24th September 2018

Monday

• EUR IFO - Current Assessment, IFO - Business Climate (Sep)

Looking at the economic calendar we can say that this Market is going pretty volatile, based on economics data Monday is going to be a day without reports and data in terms of major market moving data, except Germany’s IFO current assessment and Business climate.

 

Tuesday

• JPY BoJ Monetary Policy Meeting Minutes REPORT,  Bank of Japan Governor Kuroda Speech SPEECH
• USD Housing Price Index (MoM) (Jul)

The day starts with Bank of Japan monetary policy meeting minutes report and then later we will be having Bank of Japan Governor Kuroda speech, they seem to be major market moving events for the day and then later in the afternoon we will be having US housing price Index so for the JPY/USD client the market is going to be little volatile, if they some costed level they should go for market order option.

 

 

Wednesday

• EUR Non-monetary policy's ECB meeting
• USD FOMC Economic Projections, Fed's Powell Speech , Fed's Monetary Policy Statement, Fed Interest Rate Decision, FOMC Press conference 

Looks like entire day is going to be for US data and reports, but before US starts its day from EUR side there would be Non-monetary policy’s ECB meeting and then later in the evening US will be releasing couple of its reports like New Home sales, FOMC economic projections along with FOMC Press conference. Based on these data we can say the market is going to be pretty volatile during the night when we middle Easters are closed so the best choice could be to go for market order  and that’s how we can be prepared for next morning volatility.

 

 

Thursday

• NZD RBNZ Interest Rate Decision,Rate Statement REPORT, Monetary Policy Statement REPORT,  RBNZ Press Conference SPEECH
• JPY Bank of Japan Governor Kuroda Speech SPEECH
• EUR Harmonized Index of Consumer Prices (YoY) (Sep) PRELIMINAR
• USD Initial Jobless Claims (Sep 21),  Continuing Jobless Claims (Sep 14),  Gross Domestic Product Price Index (Q2),  Gross Domestic Product Annualized (Q2), Core Personal Consumption Expenditures (QoQ) (Q2), Durable Goods Orders (Aug)

Thursday looks busiest day of the week in terms of volatility, the day starts with Reserve Bank of New Zealand interest rate decision to RBNZ Press Conference, after that we will be having speech from BoJ governor Kuroda speech, and then from EUR side Germany will be releasing its Harmonised Index of Consumer Price, and the rest of the day will be reserved for US some major market moving reports like GDP, core personal consumption expenditure and Durable goods order ex transportation.

 

 

Friday

On Friday and probably global weekend there would could of major market events and reports coming from different zone, day starts with Bank of Canada governor Poloz speech as major market moving report, UK will be releasing its GFK consumer confidence, Tokyo will be releasing its CPI ex fresh food report and the later during the afternoon Germany will be releasing its Unemployment rate and change report, after that UK will be releasing its GDP report and then afternoon as  major market moving events for EUR zone CPI reports will be released from EUR zone, and then US will be finishing the day with couple of its reports like core personal consumption expenditure and personal income reports. Looking at these major market moving reports and data its good for investors, and traders to go for some market order, Market seems to be very volatile this week, since Fed will be having almost 25 point interest rate hike this week.