As we approach the last week of September, two crucial economic indicators for the US will be released: the final Gross Domestic Product (GDP) and the Consumer Price Index (CPI).
These can strongly affect currency values, so we recommend traders to be cautious and stay informed about the latest news to make wise trading decisions this week.
Germany’s Ifo Business Climate Index (25 September 2023)
The Ifo Business Climate indicator for Germany declined for the fourth consecutive month to 85.7 in August 2023, the lowest level since October 2022.
Analysts expect a reading of 85.2 for the upcoming data, which will be released on 25 September.
Australia Consumer Price Index (27 September 2023)
Australia’s CPI increased by 4.9% in July 2023, slowing from a 5.4% gain in June.
The next CPI data will be released on 27 September, with analysts predicting a 5.2% increase.
Germany’s Prelim Consumer Price Index (28 September 2023)
Consumer prices in Germany rose by 0.3% month-over-month in August 2023, maintaining the same pace as in the previous two months.
The CPI data for September will be published on 28 September, with analysts predicting a 0.4% increase.
US Final Gross Domestic Product (28 September 2023)
The US economy grew at an annualised rate of 2.1% in Q2 2023 compared to the first quarter’s expansion of 2%.
The US final GDP for Q3 2023 will be published on 28 September, with analysts predicting a 2.3% growth rate.
US Core PCE Price Index (29 September 2023)
Core Personal Consumption Expenditures (PCE) prices in the US, which exclude food and energy, increased by 0.2% in July 2023, maintaining the same pace seen in June.
Analysts expect another 0.2% increase in the figures for August 2023, set to be released on 29 September.
Canada Gross Domestic Product (29 September 2023)
Canada’s GDP contracted by 0.2% in June 2023.
The next GDP data will be released on 29 September, with analysts anticipating a slower growth of -0.1%.
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The post Week Ahead: Markets to Focus on US Final GDP and US CPI first appeared on VT Markets.
