Macro Data
PMIs (US, UK, Germany, France, Eurozone – September):
Key gauge for growth momentum. Markets will watch whether recent resilience in services persists and how deep the manufacturing downturn remains, especially in Germany.
US: Philadelphia Fed non-manufacturing activity, Richmond Fed manufacturing index, business conditions → regional indicators of economic health.
US Q2 current account balance: Will offer a read on external balances, but less market-moving.
Central Banks
Fed: Powell, Bowman, Bostic all on the docket – Powell’s tone most market-sensitive, with investors parsing for hints on the pace of future cuts after last week’s “risk-management” move.
ECB: Muller, Kocher, Cipollone speaking – expected to reinforce cautious tone around weak Eurozone growth.
BoE: Pill speaking – could clarify how close the Bank is to easing amid UK growth headwinds.
Riksbank decision: Likely steady policy, but guidance on timing of cuts in focus.
Earnings
Micron (MU): A key read for global semiconductors, AI demand, and tech cycle sentiment.
Auctions
US 2-year Notes: Closely watched given shifting Fed rate expectations; outcome may influence front-end yields and curve pricing.
Market Impact:
PMIs will set the tone for risk assets in Europe and the US, especially around growth-sensitive sectors.
Central bank speakers could add volatility in bonds and FX, particularly if Powell or Pill signal a firmer policy stance.
Micron earnings after the close may drive tech sentiment, particularly in semis.
Treasury auction results could influence USD funding and short-end rate pricing.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
PMIs (US, UK, Germany, France, Eurozone – September):
Key gauge for growth momentum. Markets will watch whether recent resilience in services persists and how deep the manufacturing downturn remains, especially in Germany.
US: Philadelphia Fed non-manufacturing activity, Richmond Fed manufacturing index, business conditions → regional indicators of economic health.
US Q2 current account balance: Will offer a read on external balances, but less market-moving.
Central Banks
Fed: Powell, Bowman, Bostic all on the docket – Powell’s tone most market-sensitive, with investors parsing for hints on the pace of future cuts after last week’s “risk-management” move.
ECB: Muller, Kocher, Cipollone speaking – expected to reinforce cautious tone around weak Eurozone growth.
BoE: Pill speaking – could clarify how close the Bank is to easing amid UK growth headwinds.
Riksbank decision: Likely steady policy, but guidance on timing of cuts in focus.
Earnings
Micron (MU): A key read for global semiconductors, AI demand, and tech cycle sentiment.
Auctions
US 2-year Notes: Closely watched given shifting Fed rate expectations; outcome may influence front-end yields and curve pricing.
Market Impact:
PMIs will set the tone for risk assets in Europe and the US, especially around growth-sensitive sectors.
Central bank speakers could add volatility in bonds and FX, particularly if Powell or Pill signal a firmer policy stance.
Micron earnings after the close may drive tech sentiment, particularly in semis.
Treasury auction results could influence USD funding and short-end rate pricing.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.