CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
September 30, 2021
August’s PMI printed at 59.9. The consensus forecast for September is 59.9.
Possible influence: Volatile US Dollar, Gold and US Stocks
OPEC and Non OPEC meeting expected to confirm sticking to its current production deal
Possible Influence: Volatile Brent and Crude Oil (WTI) prices
Current rates in Australia are set at 0.10% and no change is forecasted
Possible Influence: Volatile AUDUSD
The Unemployment rate for August was 5.2%. It is expected to be 5.0% in September. Non-Farm Payrolls are expected to rise to 410,000 for September, higher than August’s figure of 235,000.
Possible Influence: Volatile US Dollar, Gold and US Stocks
Core CPI (excluding food and energy) was 4.0%, Year-over-Year in August. September’s Core CPI is expected to remain at 4.0%, Year-over-Year. Top-line CPI for August came in at 5.3%, Year-over-Year. The forecast for Top-line CPI for August is 5.2%, Year-over-Year.
Possible Influence: Volatile US Dollar, Gold and US Stocks
Retail Sales rose 0.7%, Month-over-Month, in August. Retail Sales for September are forecast to fall 0.8%, Month-over-Month. Core Retail Sales in August climbed 1.8%, Month-over-Month. They are expected to drop 0.1%, Month-over-Month, in September.
Possible Influence: Volatile US Dollar, Gold and US Stocks
The current interest rate is 0.25% and is likely to remain unchanged
Possible Influence: Volatile USDCAD
Current rates are -0.10% with no change expected.
Possible Influence: Volatile USDJPY
ECB set to meet to discuss interest rates which are likely to remain unchanged. ECB deposit rate currently at -0.50%.
Possible Influence: Volatile Euro
Leaders of 20 of the most developed economies to meet in Rome. Covid and economic cooperation likely to be high on the agenda
Possible Influence: Volatility on global stocks, potential influence on safe haven assets such as Gold
3rd Quarter Earnings Season kicks into full gear mid-month. Companies scheduled to post quarterly earnings include Pepsi, Delta Airlines, JP Morgan, Morgan Stanley, Citigroup, Netflix, Tesla, Microsoft, Boeing, Apple, Facebook, Google, Amazon, Kraft Heinz, Exxon Mobil, Moderna, and many more.
Possible Influence: Volatile US Stocks
The Democratic controlled United States Congress is trying to pass two large spending bills and raise the country’s debt ceiling limit. The two bills are a $3.5 trillion budget bill that includes many new social spending programs and higher taxes, and a $1.2 trillion infrastructure bill which has a small amount of bipartisan support. As of this writing, Democrat infighting between their progressive wing and their moderate wing is putting both bills in jeopardy. More importantly, Treasury Secretary Yellen informed the Congress that without a debt ceiling increase the United States will run out of money around October 18th and could default on its Treasury obligations.
Possible Influence: Volatile US Stocks and Indices, Global Stocks and Indices, Commodities, Currencies
