Japanese industrial production in August disappointed coming in at -0.2% month-on-month after a 0.3% expansion the month prior.
UK consumer prices (NYSEARCA:CPI) rose by more than 3% again in August from the year prior, coming in at 3.1%, this was the 6th reading above the Bank of England’s upper target limit.
Euro-zone industrial production disappointed coming in flat missing expectations for a 0.1% expansion in July.
Germany’s ZEW survey of economic sentiment fell sharply in September to -4.3 from 14.0 in August and missing forecasts for 10.0
US retail sales for August came in at 0.4% beating expectations of 0.3%
The UK unemployment rate remains at 7.8% in July.
The Swiss ZEW survey of expectations in September came in at -5.1 tumbling from August’s 9.1
Euro-zone CPI came in as exepcted in August year-on-year at 1.6% but slowed from July’s 1.7% reading.
The Reserve Bank of New Zealand kept rates on hold at 3.00%, its accompanying statement was very dovish.
Swiss industrial production came in weaker than expected at 5.7% quarter-on-quarter for the second quarter, expectations were for a 6.1% expansion.
The Swiss National Bank kept interest rates on hold at 0.25%, the accompanying statement was extremely dovish, citing franc strength as a primary cause of the slowdown in Switzerland.
US initial jobless claims came in at 450K beating expectations for 459K.
US consumer prices in August rose 1.1% meeting expectations but indicating a slowdown from July’s 1.2% from the year prior.
US University of Michigan consumer confidence index fell to 66.6 missing expectations of 70.0.
The Week Ahead
Trade is likely to focus around the release of the FOMC on Tuesday by the Fed. Any further monumental announcement are likely to dictate trade for the rest of the week, with traders likely to remain subdued ahead of the release for fear of being wrong-footed by any unexpected news. Also worth of mention is the Bank of England minutes which are due for release on Wednesday from the September rate decision. Other data that will be watched is Canadian retail sales and GDP, along with the German IFO and New Zealand’s GDP for September.
Written by Jonathan Granby, Analyst for Binary Option Strategy