Monday, 30th September:
- China PMI Surveys – 02:30am BST: China releases its manufacturing and non-manufacturing PMI figures, which will provide insight into the health of the Chinese economy following recent stimulus measures by the People’s Bank of China (PBOC). These numbers will be crucial for global markets, particularly for commodities like the China A50 and Hong Kong 50. A weaker result may dampen risk appetite, while stronger data could extend market rallies.
- German Prelim CPI m/m – All Day: The preliminary Consumer Price Index (CPI) for Germany will be a key indicator for the Eurozone. A higher reading could strengthen the Euro, while a weaker print could increase speculation of more ECB rate cuts.
- Fed Chair Powell Speaks – 08:55pm BST: Powell’s speech will be closely watched for any comments on U.S. economic performance and future interest rate decisions. Markets will be looking for clues on whether the Fed may take further measures to support the economy.
Tuesday, 1st October:
- Eurozone CPI Flash Estimate y/y – 12:00pm BST: The Eurozone’s flash inflation estimates are vital for shaping ECB policy. Any significant deviation from expectations could lead to a reaction in EURUSD. A lower figure may signal that further rate cuts are necessary, while higher inflation could push the Euro higher.
- ISM Manufacturing PMI – 03:00pm BST: The U.S. Manufacturing PMI has been in contraction territory, and this release will give traders insight into the sector’s performance. A stronger-than-expected number could provide support to U.S. stock indices and the USD, while a weaker result could fuel recession fears.
- JOLTS Job Openings – 03:00pm BST: The U.S. labor market remains a focal point for the Federal Reserve. Any surprises in the JOLTS data could lead to market volatility, with traders anticipating the Non-Farm Payrolls report later in the week.
Wednesday, 2nd October:
- ADP Non-Farm Employment Change – 01:15pm BST: The ADP report on private-sector employment will serve as a precursor to Friday’s official Non-Farm Payrolls. Any surprises in this data will influence market sentiment ahead of the bigger jobs report.
- Crude Oil Inventories – 03:30pm BST: The weekly update on U.S. oil inventories will provide insights into supply and demand in the global energy market. A large draw could boost oil prices, while a significant build may weigh on the commodity.
Thursday, 3rd October:
- Swiss CPI m/m – 07:30am BST: Swiss inflation data will be critical following last week’s unexpected move by the Swiss National Bank (SNB). This release could provide clues for future SNB policy, influencing the CHF pairs like USDCHF and EURCHF.
- ISM Services PMI – 03:00pm BST: The U.S. services sector has been a major driver of economic growth. A contractionary reading below 50 would increase concerns about an economic slowdown, while a stronger result would support risk assets like U.S. equities.
Friday, 4th October:
- Non-Farm Payrolls & Unemployment Rate – 01:30pm BST: The most anticipated event of the week, the Non-Farm Payrolls report, will reveal how the U.S. labor market is faring. Markets expect the economy to add 144,000 jobs, with the unemployment rate holding at 4.2%. Any significant deviations from these expectations could set the tone for U.S. dollar strength and stock market performance.
- CAD Employment Data – 01:30pm BST: The Bank of Canada’s recent rate cuts were aimed at supporting employment. This data will help assess the impact of those cuts on the labor market and will be closely watched by USDCAD traders.
This week presents several key events that will impact market direction, particularly the U.S. labor market reports and Eurozone inflation data. Traders should pay close attention to Friday’s Non-Farm Payrolls, which could drive volatility across global markets.
