CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

SEPTEMBER 2024 EVENTS - 29/08/2024

Micro Analysis

29 August, 2024

For General Information only. Not Intended to Provide Trading or Investment Advice. Your Capital is at Risk.

  • US ISM Manufacturing PMI for August (September 3rd at 15:00 GMT+1)

ISM Manufacturing PMI previous print was 46.8. The number was lower than the expected 48.8.

Possible influence: Volatile US Dollar, Gold and US Stocks

  • Bank of Canada Meeting (September 4th at 14:45 GMT+1)

The Bank of Canada will meet to set interest rates. They are currently 4.50% after the bank cut interest rates in July by 25 basis points. Rates are expected to be cut by another 25 basis points to 4.25% this month.

Possible Influence: Volatile Canadian Dollar and Canadian Stocks

  • U.S. Unemployment Rate and Non-Farm Payrolls (NFP) (August) (September 6th at 13:30 GMT+1)

The previous month had unemployment at 4.3%. Nonfarm Payrolls for the previous month printed 114,000.

Possible Influence: Volatile US Dollar, Gold and US Stocks

  • Apple iPhone 16 launch (September 9th)

Apple is set to unveil its iPhone16 and other products such as Apple Watch and AirPods 4 are expected to be announced. The new products will be equipped with Apple Intelligence, Apple’s AI powered feature.

Possible Influence: Volatile Apple and US Stocks

  • US Presidential Debate Donald Trump vs Kamala Harris (September 11th at 02:00 GMT+1)

The first US Presidential debate between Trump and Harris is due to take place following the withdrawal of President Biden from the Presidential race after a poor performance in his Presidential debate against Trump. The event is likely to be closely watched by millions and may impact the markets.

Possible Influence: Volatile US Dollar, Gold and US Stocks

  • US Inflation data (August) (September 11th at 13:30 GMT+1)

Core CPI (excluding food and energy) was 3.2%, Year-over-Year in July. Top-line CPI for July came in at 2.9%, lower than the expected 3.0%.

Possible Influence: Volatile US Dollar, Gold and US Stocks

  • European Central Bank Meeting (September 12th at 13:15 GMT+1)

The European Central Bank will meet to discuss interest rates. Rates are currently at 4.25% after a rate cut of 25 basis points in June. Rates are (narrowly) expected to be cut by 25 basis points at this meeting.

Possible Influence: Volatile Euro and European Stocks

  • Retail Sales in the US for (August) (September 17th at 13:30 GMT+1)

Month-over-Month Retail Sales was at 1.0% in July, which was higher than expected by the market.

Possible Influence: Volatile US Dollar, Gold and US Stocks

  • Federal Reserve meeting and press conference (September 18th at 19:00 GMT+1 and 19:30 GMT+1)

The US Federal Open Market Committee of the U.S Federal Reserve will conclude its 2-day meeting to decide on interest rates. The current rate is 5.5%. Analysts expect the rate to be cut by 0.25% to 5.25% at this meeting.

Possible Influence: Volatile US Dollar, Stocks, Gold

  • Bank of England Meeting (September 19th 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 5.00% and expectations are that it will remain at this level this month, after the BoE cut rates by 0.25% in August.

Possible Influence: Volatile British Pound and British stocks

  • Bank of Japan Meeting (September 20th at 05:00 GMT+1)

The Bank of Japan will meet to set its interest rates. In July the baSnk increased rates by 15 basis points to 0.25%.

Possible Influence: Volatile Japanese Yen

  • Reserve Bank of Australia Interest Rate decision (September 24th at 05:30 GMT+1)

The RBA will meet to decide on interest rates. The current rate is 4.35%.

Possible Influence: Volatile Australian Dollar

  • Meta (Facebook) Meta Connect AI event (September 25 - 26)

This event will showcase Meta’s latest digital solutions from social media and XR but the company has not revealed details. CEO Mark Zuckerberg will speak. Past events featured Meta Quest 3 and RayBan AR glasses.

Possible Influence: Volatile Facebook and US AI linked Stocks

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