- Light calendar to start week; markets remain fixated on the Fed’s September taper.
- Only Euro-Zone data this week is due on Monday.
- Fundamental trends allowed to develop – here’s what we’re watching this week.
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EURO-ZONE ECONOMIC CALENDAR
There’s only one data set due out this morning during the European session but it happens to be a significant one. August Euro-Zone inflation data as measured by the Consumer Price Index is forecasted to show that price pressures turned positive in the mid-3Q’13, potentially a sign of improving underlying growth fundamentals.
Accordingly, with the yearly figures – both core and headline – expected to remain rather soft (well-below the European Central Bank’s +2% yearly target), any Euro strength will be derived from a meet or beat on the monthly forecast.
While the ECB’s forward guidance strategy makes it unlikely higher inflation data will provoke higher interest rates, inflation is often a sign of accelerating growth prospects and should be viewed as positive for the Euro.
UK ECONOMIC CALENDAR
There is no data on the British Pound economic calendar for Monday, September 16.
See the British Pound economic calendar for the week of September 15 to 20.
SWISS ECONOMIC CALENDAR
There is no data on the Swiss Franc economic calendar for Monday, September 16.
See the Swiss Franc economic calendar for the week of September 15 to 20.
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--- Written by Christopher Vecchio, Currency Analyst
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