The first trading session of the new week begins with another wave of appreciation of commodities (precious metals) and oil, as well as a deepening rebound of the US dollar and the Antipodean currencies. At the same time, the Japanese yen and cryptocurrencies are losing ground. During today's session, investors' attention will focus primarily on numerous speeches by Fed bankers, who will comment on their approach to monetary policy in the wake of the recent interest rate cut.
A detailed macro calendar for the day is provided below:
01:30 PM BST, Canada - Inflation Data for August:
-
IPPI: forecast 0.2% MoM; previous 0.7% MoM;
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IPPI: previous 2.6% YoY;
01:30 PM BST, Canada - RMPI for August:
- forecast 1.2% MoM; previous 0.3% MoM;
01:30 PM BST, Canada - RMPI for August:
- previous 0.8% YoY;
01:45 PM BST, Germany - German Buba Mauderer Speaks
02:45 PM BST, United Kingdom - BoE MPC Member Pill Speaks
02:45 PM BST, United States - FOMC Member Williams Speaks
02:45 PM BST, Euro Zone - ECB's Lane Speaks
05:00 PM BST, Germany - German Buba President Nagel Speaks
06:15 PM BST, Canada - BoC Senior Deputy Governor Rogers Speaks
06:30 PM BST, Germany - German Buba Balz Speaks
07:00 PM BST, United Kingdom - BoE Gov Bailey Speaks
08:45 PM BST, Canada - BoC Deputy Gov Kozicki Speaks
Chart of the Day: Is the Yen Ready for Another Round?
Economic Calendar: Global Data Focus Shifts to US and Canada,
Morning Wrap: Trump and Xi shape markets. AI drives record highs while Iran and geopolitics dampen sentiment
Daily Summary: Market euphoria shows no signs of letting up 🚀
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