Summary of the most interesting economic events from the trading week of September 2 - 8, 2024

Last week we focused mostly on the ECB meeting and data from the US labour market and inflation rate. Let's take a look at them together.

USD

The number of claims for unemployment benefits unexpectedly rose to 230 000 last Thursday. Unemployment claims unexpectedly rose to 230,000 last Thursday. The figure remained well above the average of earlier this year, reinforcing the ongoing trend of a softening labour market. This data also helped to some extent to push gold (XAU/USD) to a new all-time high.

What's in store for us this week?

Monday: PPI in Switzerland

Tuesday: US retail sales, Canadian inflation rate

Wednesday: UK and Eurozone inflation rates, Fed monetary policy meeting

Thursday: New Zealand GDP, Australian labour market, BoE monetary policy meeting, US jobless claims

Friday: Japanese inflation rate and BoJ meeting, UK and Canadian retail sales

Looks like a busy week. Apart from inflation and labour market data, we will mainly focus on the three central bank meetings (Fed, BoE, BoJ).

Sources:

https://www.investing.com

https://www.forexlive.com

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