A Week in the Market: ECB Meeting and an Abundance of Statistics (11-15 September)
<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/09/11.09.2023-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="A Week in the Market: ECB Meeting and an Abundance of Statistics (11-15 September)" decoding="async" style="margin-bottom: 15px;" loading="lazy" /></div><p>The season of important central bank meetings kicked off this week, with the ECB taking the lead. The days ahead are likely to be challenging. Is the market adequately prepared?</p>
<h2>EUR: ECB decision</h2>
<figure><img decoding="async" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/08/euro-1200×627.jpg" alt="EUR: ECB decision" class="wp-image-5293" srcset="https://blog.roboforex.com/wp-content/uploads/2020/08/euro.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/08/euro-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/08/euro-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>The ECB meeting is scheduled for Thursday, with the <a href="https://blog.roboforex.com/blog/2019/10/22/trading-news-how-to-earn-on-interest-rates/" data-internallinksmanager029f6b8e52c="90" title="Interest rate">interest rate</a> expected to remain at 4.25% per annum. All market reactions will be directly related to comments made by the regulator’s representatives. The current scenario is not favouring the <a href="https://roboforex.com/beginners/info/charts/forex/eurusd/" data-internallinksmanager029f6b8e52c="35" title="EUR/USD">EUR</a>. In addition, it is worth monitoring the data on business sentiment in Germany and the Eurozone.</p>
<h2>USD: focus on price movements</h2>
<figure><img decoding="async" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/11/usd-1.jpg" alt="USD: focus on price movements" class="wp-image-6219" srcset="https://blog.roboforex.com/wp-content/uploads/2020/11/usd-1.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/11/usd-1-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/11/usd-1-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>The US is to publish a report on <a href="https://blog.roboforex.com/blog/2022/06/30/what-is-inflation-reasons-and-consequences/" data-internallinksmanager029f6b8e52c="220" title="Inflation">inflation</a> for August. This is a pivotal release in anticipation of the Federal Reserve meeting scheduled for next week. The forecast suggests that the <a href="https://blog.roboforex.com/blog/2021/08/25/what-is-consumer-price-index-and-how-to-use-it-in-forex/" data-internallinksmanager029f6b8e52c="197" title="CPI">CPI</a> has increased to 3.6% y/y, up from 3.2%. However, core prices could have declined. USD <a href="https://blog.roboforex.com/blog/2020/08/20/what-is-volatility-and-how-to-use-it-on-forex/" data-internallinksmanager029f6b8e52c="150" title="Volatility">volatility</a> could increase markedly.</p>
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<h2>GBP: large volume of statistics</h2>
<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2019/10/gbp-1200×627.jpg" alt="GBP: large volume of statistics" class="wp-image-1620" srcset="https://blog.roboforex.com/wp-content/uploads/2019/10/gbp.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2019/10/gbp-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2019/10/gbp-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>The UK will publish information on the employment sector, industrial production statistics, and <a href="https://blog.roboforex.com/blog/2019/10/29/trading-news-how-to-make-money-on-gdp/" data-internallinksmanager029f6b8e52c="93" title="GDP">GDP</a> data. All this will affect the <a href="https://roboforex.com/beginners/info/charts/forex/gbpusd/" data-internallinksmanager029f6b8e52c="36" title="GBP/USD">GBP</a>, as will the dynamics of the US dollar exchange rate.</p>
<h2>AUD: awaiting positive developments</h2>
<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/08/aud-1200×627.jpg" alt="AUD: awaiting positive developments" class="wp-image-5224" srcset="https://blog.roboforex.com/wp-content/uploads/2020/08/aud.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/08/aud-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/08/aud-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>Australia will present the consumer sentiment and business sentiment <a href="https://roboforex.com/forex-trading/assets/indices/" data-internallinksmanager029f6b8e52c="11" title="indices trading">indices</a>, along with reports on the labour market. The unemployment rate may remain at 3.7%, while jobless claims could see a substantial increase. A marked upturn in the <a href="https://roboforex.com/beginners/info/charts/forex/audusd/" data-internallinksmanager029f6b8e52c="33" title="AUD/USD">AUD</a> would require really positive news.</p>
<h2>Brent: growth potential</h2>
<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2021/01/brent-1.jpg" alt="Brent: growth potential" class="wp-image-6664" srcset="https://blog.roboforex.com/wp-content/uploads/2021/01/brent-1.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2021/01/brent-1-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2021/01/brent-1-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>The OPEC, the IEA, and the US Department of Energy are set to release updated reports on the demand and supply of energy resources worldwide. The price of a barrel of Brent oil is on the rise and will likely continue this upward <a title="<div class="wpg-tooltip-content"><p>A trend is a direction in which the market or the price of an instrument is moving. Trends can be upward, downward or sideways and are common to all types of markets.</p></div>" href="https://blog.roboforex.com/glossary-terms/trend/">trend</a> if the data present an optimistic outlook.</p>
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