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The Week Ahead: 19th – 23rd September 2022

Overview for the Week Ahead

Liz Truss’s premiership will swing into action this week after a political pause to mark the Queen’s death, with a packed schedule of policy and diplomacy to follow the state funeral.

Normal activity in Parliament has been put on ice since the late monarch died, with business in both Houses halted for a period of mourning.

All eyes will be on Westminster Abbey for the service on Monday as the Prime Minister joins hundreds of dignitaries from across the globe saying a final farewell to the Queen.

Ms Truss is expected to fly to New York for the United Nations General Assembly following the funeral, where she has a key bilateral meeting lined up with US President Joe Biden.

Jerome Powell takes centre stage for commodities this week, with the Federal Reserve chief set to unleash another large rate hike that could pile more pressure on energy, metals and crops.

The Fed is widely expected to hike rates by 75 basis points at the conclusion of a two-day meeting, with traders also pricing in the possibility of a 100-basis point hike. The U.S. benchmark interest rate is expected to end the year at over 4% – its highest level since the 2008 financial crisis.

Have your trading charts ready!

This Week’s High Impact Events

The times below are GMT +3.

Monday 19^th September

• No High Impact Events Today

Tuesday 20^th September

• 04.30 – Australia – Monetary Policy Meeting Minutes

Potential instruments to Trade: AUD Crosses. 

• 15.30 – Canada – CPI m/m

Potential instruments to Trade: CAD Crosses. 

• 20.00 – Europe – ECB President Lagarde Speaks

Potential instruments to Trade: EUR Crosses. 

Wednesday 21^st September

• 21.00 – US – FOMC Economic Projections, FOMC Statement, & Federal Funds Rate

Potential instruments to Trade: USD Crosses. 

• 21.30 – US – FOMC Press Conference

Potential instruments to Trade: USD Crosses. 

Thursday 22^nd September

• Tentative – Japan – Monetary Policy Statement & BOJ Press Conference

Potential instruments to Trade: JPY Crosses. 

• 10.30 – Switzerland – SNB Monetary Policy Assessment, & SNB Policy Rate

Potential instruments to Trade: CHF Crosses. 

• 11.00 – Switzerland – SNB Press Conference

Potential instruments to Trade: CHF Crosses. 

• 14.00 – UK – MPC Official Bank Rate Votes, Monetary Policy Summary, & Official Bank Rate

Potential instruments to Trade: GBP Crosses. 

• 15.30 – US – Unemployment Claims

Potential instruments to Trade: USD Crosses. 

Friday 23^rd September

• From 10.15 – Europe – Flash Manufacturing PMI & Flash Services PMI

Potential instruments to Trade: EUR Crosses. 

• 11.30 – UK – Flash Manufacturing PMI & Flash Services PMI

Potential instruments to Trade: GBP Crosses. 

• 15.30 – Canada – Core Retail Sales m/m

Potential instruments to Trade: CAD Crosses. 

• 16.45 – US – Flash Services PMI & Flash Manufacturing PMI

Potential instruments to Trade: USD Crosses. 

• 18.30 – Switzerland – SNB Chairman Jordan Speaks

Potential instruments to Trade: CHF Crosses. 

• 21.00 – US – Fed Chair Powell Speaks

Potential instruments to Trade: USD Crosses. 

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