Welcome to the Investors Trading Academy economic calendar of the week.
Each week our news analysts review the upcoming economic events that you should be monitoring.
Last week continued to focus on central banks with Mario Draghi and Janet Yellen on the
calendar.
This week traders will once again focus on economic data as one month ends and the new
month begins leaving the calendar full of events.
This week will culminate with the US nonfarm payroll report.
In China, the official purchasing managers’ index for manufacturing is released on Thursday
alongside the services variant.
The Caixin purchasing managers’ index is also slated for release on the same day.
Traders are hoping to see an improvement in the Chinese economic situation.
Monday will be a busy day with the Mr. Putin’s speech to the UN the top event.
When Russian President Vladimir Putin finally takes the UN stage on September 28, he won't
need to take off his shoe and bang the podium with it like a Soviet predecessor, Nikita
Khrushchev, reportedly did 55 years ago.
Putin's address to the United Nations General Assembly, his first in a decade, comes as
the Kremlin bangs its proverbial shoe on the world stage with growing frequency and volume.
From Syria to Ukraine to the Arctic, Moscow has reset the agenda and kept Western states
-- and perhaps the United States, first and foremost -- off balance and playing catch-up.
There are several speakers from the Federal Reserve scheduled on Monday and once again
a speech in St. Louis by Janet Yellen on Thursday.
First up on Monday will be William Dudley, president of the New York Federal Reserve
will give an interview for the Wall Street Journal and talk about the rate hike issue
and about inflation expectations.
In his former talks, Dudley spoke against a rate rise in September amid international
and financial market developments, but noted he hopes the Fed will still raise rates this
year.
Fed Chair Janet Yellen said the U.S. central bank is still prepared to raise interest rates
this year for the first time in nearly a decade.
Yellen said that recent inflationary weakness is temporary, caused by a strong dollar and
low oil prices, which are likely to pass.
She said U.S. economic prospects appear solid suggesting a rate hike is near.
Market volatility is expected.
The week of September 28 to October 2 will bring three major US employment releases.
The ADP private payroll report will be published on Wednesday, the weekly unemployment claims
will be released on Thursday, and finally, the biggest event of the week will be on Friday
when the Bureau of Labor Statistics releases the September non-farm payrolls report, or
NFP.
The USD strength has waned as economic data posts positive numbers, yet the Federal Reserve
has failed to commit to a clear rate hiking schedule sowing uncertainty and triggering
volatility.
The NFP is expected to announce 200,000 new jobs, but at this point it remains to be seen
if that is enough for the Fed.