Monday, September 26 Last Friday, the US dollar began to grow rapidly and continued to strengthen from the opening of a new trading week. Analysts note that the scale of the growth of the US currency is so large (especially paired with the pound sterling) that a correction is inevitable. However, the problem is that the reasons for the growth of the dollar lie exclusively in the political plane, which makes its own adjustments. Therefore, until these reasons fade into the background, there is no need to wait for a rebound in the dollar. In particular, we are talking about the plan to support the economy in the UK and the results of the elections in Italy. And as long as the world media does not switch to any other topics, European currencies will continue to show weakness. In general, the macroeconomic calendar on Monday is completely empty again. Tuesday, September 27 But on Tuesday, the US dollar may weaken under the influence of data on orders for durable goods in the country, the volume of which should decrease by 0.9%. And this is a rather impressive reduction, which can serve as a harbinger of a noticeable decline in consumer activity in the United States, which is the locomotive of the American economy. Wednesday, September 28 On Wednesday, the economic calendar is empty again, so all the attention of the markets will continue to be focused on events in the UK and Italy. However, it is almost impossible to predict at what stage the disputes that have begun there will be, and the market will react to any messages and statements. So the US dollar on Wednesday may well both continue to strengthen its position or weaken. Thursday, September 29 The main event of Thursday will be the publication of the final data on the GDP of the United States for the second quarter. However, they should only confirm the preliminary estimates, which have already been taken into account by the market. Therefore, it is unlikely that these statistics will have any significant impact. Also of interest may be data on the number of initial applications for unemployment benefits in the States, and data on Canada's GDP. Friday, September 30 But the end of the week will be rich in all sorts of statistics. Friday will begin with publications from Japan, where retail sales data will be released, the growth rate of which should accelerate from 2.4% to 2.7%. And this, of course, will support the yen. Similar data are published in Switzerland, but in this case the growth rate of retail sales may slow down from 2.6% to 2.0%. So the Swiss franc, on the contrary, will be under pressure. As is the single European currency. A factor in the decline of the euro will be the data on unemployment, the level of which should rise from 6.6% to 6.7%.
