September 2023 EVENTS
- U.S. Unemployment Rate and Non-Farm Payrolls (NFP) (August) (September 1st at 13:30 GMT+1)
The Unemployment rate for July was 3.5%. It is expected to remain at 3.5% for August. Non-Farm Payrolls are expected to fall to 180,000 for August, lower than July’s figure of 187,000.
Possible Influence: Volatile US Dollar, Gold and US Stocks
- US ISM Manufacturing PMI (July) (September 1st at 15:00 GMT+1)
July’s ISM Manufacturing PMI printed at 46.4. The consensus forecast for August is 47.
Possible influence: Volatile US Dollar, Gold and US Stocks
- Reserve Bank of Australia Interest Rate decision (September 5th at 03:30 GMT+1)
The RBA will meet to decide on interest rates. The current rate is 4.10%.
Possible Influence: Volatile Australian Dollar
- Bank of Canada meeting (September 6th at 15:00 GMT+1)
The central bank will meet to discuss interest rates and policy. The current interest rate is 5% after rates were increased by 0.25% at the previous meeting on July 11th.
Possible influence: Volatile Canadian dollar
- Russian President Putin to meet Turkish President Erdogan (September 7th -8th)
The presidents of Russia and Turkey will meet in Sochi, Russia, to discuss mutual issues including energy, trade, Ukraine and the currently collapsed Black Sea Grain Deal. Erdogan is thought to be attempting to get Putin to sign a new Grain Deal.
Possible Influence: Volatile Wheat prices
- G20 SUMMIT (September 9th to September 10th)
Leaders of the G20 nations including US, Russia, UK, Germany,, India, China and Turkey will meet in Delhi, India to discuss trade, finance, energy and geopolitical topics. The theme is “One Earth, One Family, One Future.”
Possible Influence: Volatile US Stocks, US Dollar, Gold
- Apple iPhone 15 Presentation (September 12th at 18:00 GMT+1)
According to CNBC, when the company unveils a new iPhone model, the hype-filled events are typically watched simultaneously by millions of viewers online. The company could also announce new Apple Watch models at the event, including an updated version of the high-end Apple Watch Ultra.
Possible Influence: Volatile Apple and other Technology Stocks
- Inflation data in US (August) (September 13th at 13:30 GMT+1)
Core CPI (excluding food and energy) was 4.7%, Year-over-Year in July. Top-line CPI for July came in at 3.2%, Year-over-Year in July.
Possible Influence: Volatile US Dollar, Gold and US Stocks
- European Central Bank Meeting (September 14th at 12:45 GMT+1)
The ECB will meet to set interest rates and to discuss policy on September 14th. The Eurozone deposit rate is currently at 3.75%.
Possible Influence: Volatile EUR, GER40 Index
- Retail Sales in US (July) (September 14th at 13:30 GMT+1)
Retail Sales grew to 0.7%, Month-over-Month, in July, which was higher than expected by the market.
Possible Influence: Volatile US Dollar, Gold and US Stocks
- US Federal Reserve Meeting and Press Conference (20th at 19:00 GMT+1 and 19:30 GMT+1)
The U.S. Central Bank’s 2-day meeting concludes on September 20th. They will announce their latest interest rate decision and hold a press conference after to discuss their outlook moving forward as well as their plans for adjustments to their balance sheet. The current rate is 5.5%. They raised it 25 basis points at their last meeting on July 26th.
Possible Influence: Volatile US Dollar, Gold and US Stocks
- Bank of England Meeting (September 21st at 12:00 GMT+1)
The Monetary Policy Committee of the Bank of England will meet to decide on interest rates. The current rate is 5.25%. It was raised 25 basis points at their last meeting on August 2nd.
Possible Influence: Volatile British Pound and British stocks
- Bank of Japan Meeting (September 22nd at 03:00 GMT+1)
The Bank of Japan meets to set rates which are expected to remain at -0.10%
Possible Influence: Volatile Japanese Yen