||

Investors have already received an abundance of crucial information; what remains now is for them to thoroughly analyse all the data. The US dollar remains the market favourite.

[TAG7]USD: holding a strong position

The Consumer Confidence Index from the Conference Board is set to be released, with an expected decrease. Additionally, data on the real estate market and the final GDP calculation for Q2 will be revealed. There is a chance that the final GDP figure has increased by 2.3% (for reference, previous growth was at 2.1%), which could provide support for the USD.

[TAG7]EUR: potentially finding support

The Eurozone is preparing to release the ECB economic bulletin and preliminary inflation statistics for September. There is a possibility that inflation has decreased from 5.2% to 4.5% year-on-year. The slowdown of the core CPI from 5.3% to 4.8% year-on-year is noteworthy. A reduction in inflationary pressure could stabilise the EUR exchange rate.

[TAG7]AUD: under pressure

Australia will unveil data on retail sales and inflation. A decline is expected in retail sales, while inflation may show growth. Both outcomes could have a negative impact on the AUD exchange rate.

Do you want to trade on favourable terms? Click on the banner below to access some of the most cost-effective trading conditions in the market!

[TAG7]JPY: awaiting minor signals

Japan is preparing to publish a block of statistics, including information on unemployment levels, retail sales, industrial production, and the Consumer Confidence Index. The market will also be interested in data on core inflation in Tokyo - this report is used as a leading indicator. There is a possibility of a slight dip in the indicator, which could serve as a minor signal for JPY.

[TAG7]GBP: at its lowest

GBP has slumped to its lowest levels since March 2023, and the new statistics are unlikely to improve the situation. The UK will provide data on the final GDP for Q2, as well as the balance of payments and retail sales balance.

Open Trading Account

The post A Week in the Market: A Wealth of Intriguing Statistics (25-29 September) appeared first at R Blog - RoboForex.

-----------------------------------------------------

By: Anna Rostova
Title: A Week in the Market: A Wealth of Intriguing Statistics (25-29 September)
Sourced From: blog.roboforex.com/blog/2023/09/25/a-week-in-the-market-a-wealth-of-intriguing-statistics-25-29-september/
Published Date: Mon, 25 Sep 2023 10:24:50 +0000

Read More