TRADING WEEK #38 NEWS ALERTS

Week Ahead

Investors will be closely watching the meetings of central banks across the globe next week, including the Federal Reserve, Bank of England and Bank of Japan policy meetings. Officials in the US are widely expected to give an update on the timing of the bank’s asset purchase tapering, but no significant changes are meanwhile expected from other major banks. Elsewhere, Canadians are voting for a new parliament on September 20th, while flash PMI surveys for the US, UK, Eurozone, Japan and Australia will provide an insight about the state of the global economic recovery.
 
 
The US Federal Reserve is seen holding the target range for the federal funds rate steady at 0-0.25 percent at the end of its two-day meeting on Wednesday, with investors eager to hear if the central bank will begin withdrawing stimulus this year as the economy rebounds. Fed Chairman Jerome Powell assured markets the central bank would take a measured approach to tapering bond purchases, but several policymakers have been calling for early tapering despite the recent slowdown in inflation numbers. 
 

On the economic data front, notable publications include building permits and housing starts, the flash Markit PMI survey, second-quarter current account, new and existing home sales, Chicago Fed National Activity Index and NAHB Housing Market Index.
 

This Week In The Market

Monday September 20 2021ActualPrevious 
07:00 AM
 
US
NAHB Housing Market Index SEP 75
 
Tuesday September 21 2021ActualPrevious 
05:30 AM
 
US
Building Permits AUG 1.630M 
05:30 AM
 
US
Building Permits MoM AUG 2.3% 
05:30 AM
 
US
Current Account Q2 $-195.7B
 
05:30 AM
 
US
Housing Starts AUG 1.534M
 
05:30 AM
 
US
Housing Starts MoM AUG -7%
 
01:30 PM
 
US
API Crude Oil Stock Change 17/SEP -5.437M
 
Wednesday September 22 2021ActualPrevious 
07:00 AM
 
US
Existing Home Sales MoM AUG 2%
 
07:00 AM
 
US
Existing Home Sales AUG 5.99M
 
07:30 AM
 
US
EIA Gasoline Stocks Change 17/SEP -1.858M
 
07:30 AM
 
US
EIA Crude Oil Stocks Change 17/SEP -6.422M
 
11:00 AM
 
US
FOMC Economic Projections   
11:00 AM
 
US
Fed Interest Rate Decision 0.25%
 
11:30 AM
 
US
Fed Press Conference   
Thursday September 23 2021ActualPrevious 
05:30 AM
 
US
Jobless Claims 4-week Average SEP/18 335.75K
 
05:30 AM
 
US
Initial Jobless Claims 18/SEP 332K
 
05:30 AM
 
US
Chicago Fed National Activity Index AUG 0.53
 
06:45 AM
 
US
Markit Composite PMI Flash SEP 55.4
 
06:45 AM
 
US
Markit Manufacturing PMI Flash SEP 61.1
 
06:45 AM
 
US
Markit Services PMI Flash SEP 55.1
 
Friday September 24 2021ActualPrevious 
07:00 AM
 
US
New Home Sales MoM AUG 1%
 
07:00 AM
 
US
New Home Sales AUG 0.708M
 
07:00 AM
 
US
Fed Chair Powell Speech   

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