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Forex Market Movers – Month of September

September 07, 2017

September is usually a particularly interesting month for every financial market because it follows August miserable macroeconomic data and appointments with major central banks.

That is why September market movers are very interesting and can generate volatile movements even at a currency level. Obviously the most interesting events involving the Federal Reserve and the ECB are those that can attract more attention. Let's now analyse September data for the world major macroeconomic areas.

United States

After the most important unemployment and ISM manufacturing data published on September 1st, the focus is now on September 6th when ISM services, trade balance and Federal Reserve Beige Book will be announced on the same day. The report on the economic situation will project us in the middle of the month in which production prices (September 13th) and especially inflation (September 14th) will move the markets. In the middle of the month, attention has to be paid to retail sales, but the most important day will be the 20th with the FOMC. Here Yellen will have to be able to handle the delicate issues related to  the normalization of monetary policy without affecting the dollar too much. The next day we will get the data on the leading index  and  the Phily Fed, on September 26th  the consumer confidence, on September 27th  orders of durable goods. Concerning the previous day, also pay attention to the official conference of Yellen: the main topic is to understand how she will face up to the post FOMC of the 20th.


Again, Draghi and the ECB will represent the central event in September. The appointment is scheduled for September 7th at the same time of the publication of German industrial production. Draghi is expected by the markets especially to understand when the ECB tapering will start and to what to expect. Inflation will be the protagonist on 13th, 14th and 18th September respectively for Germany, France and the entire Eurozone. On September 19th, attention to the German Zew Index followed on the 25th by the German IFO indicator. On September 22nd, attention has to be paid to the Eurozone Pmi.


Before the Bank of England meeting scheduled for September 14th, the data on inflation on September 12th, unemployment on September 13th, and retail sales on 14th.

Japan and China

As with the three economic areas previously analysed in Japan, the central bank will be the central market movers of the month. The Bank of Japan will meet on September 21st to decide on rates followed on September 29th by unemployment and inflation. As far as China is concerned, we can quote in particular September 8th and 9th with the data on trade balance and inflation.

Rest of the world

As usual, here is a list the major September monetary policy (announcement rates) events among the G20 countries.

Canada: September 6th

Brazil: September 6th

Turkey: September 14th

Russia: September 15th

South Africa: September 21st

Mexico: September 26th

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