Outlook for Trading Week 11 September 2017

USD: https://www.federalreserve.gov/monetarypolicy/files/monetary20170726a1.pdf
Current Policy: Tightening with one more rate hike projected in 2017
USD Change in Unemployment PCE Core PCE
Real GDP Rate Inflation Inflation
Current Data 2.2 4.4 1.4 1.4
Next Release Date 28.09.2017 06.10.2017 29.09.2017 29.09.2017
Expectation
FOMC Range 2.0-2.5 4.1-4.5 1.5-1.8 1.6-1.8
(Central Tendency) (2.1-2.2) (4.2-4.3) (1.6-1.7) (1.6-1.7)
Median 2.2 4.3 1.6 1.7
Source: https://www.federalreserve.gov/monetarypolicy/fomcprojtabl20170614.htm
PCE Data Link: https://search.bea.gov/search/news?
affiliate=u.s.bureauofeconomicanalysis&channel=104&query=pce

BOC: http://www.bankofcanada.ca/2017/09/fad-press-release-2017-09-06/
Current Policy: Tightening policy with one more rate hike projected in 2017
CPI Inflation CPI Inflation CPI Inflation Real GDP Real GDP CERI
CAD July August Q3 Q2 Q3
Current
Data
(Annualized)
Next
Release
Date
Expectation
BOC 100
Projection
(Annualized)
Source: http://www.bankofcanada.ca/wp-content/uploads/2017/07/mpr-2017-07-12.pdf (Page 12)
CERI Daily: http://www.bankofcanada.ca/rates/daily-digest/

ECB: https://www.ecb.europa.eu/press/pr/date/2017/html/ecb.mp170907.en.html
Current Policy: Easing policy with improving data. 
ECB HICP Inflation Real GDP EER
Annual Annual
Current Data
Next Release
Date
Expectation
ECB Range June
2017
Source: https://www.ecb.europa.eu/pub/pdf/other/ecb.ecbstaffprojections201709.en.pdf?
a13047040af5611b7e0cda69c6a88bf2 (Page 10)
Effective Exchange Rate:
https://www.ecb.europa.eu/stats/balance_of_payments_and_external/eer/html/index.en.html
1
RBA: http://www.rba.gov.au/media-releases/2017/mr-17-18.html
Current Policy: Easing policy with improving data
GDP Unemployment CPI Underlying TWI
RBA Growth Rate Inflation Inflation
(Trimmed
Mean)
Current Data
Next Release
Date
Expectation
RBA June 2017
RBA December
2017
Data Source: http://www.rba.gov.au/publications/smp/2017/aug/pdf/06-economic-outlook.pdf
TWI: http://www.rba.gov.au/statistics/frequency/exchange-rates.html (4pm Australia Time, 2pm Malaysia)

BOE: http://www.bankofengland.co.uk/publications/minutes/Documents/mpc/mps/2017/mpssep.pdf
Current Policy: Easing Stage with improving data
GBP GDP CPI Inflation LFS Unemployment ERI
Rate
Current Data
Next Release
Date
Expectation
Central
Projection
Data Source: http://www.bankofengland.co.uk/Pages/reader/index.aspx?pub=aug&page=39
Exchange Rate Index ERI: http://www.bankofengland.co.uk/boeapps/iadb/index.asp?
Filter=N&Travel=NIxIRx&levels=1&XNotes=Y&C=IIN&G0Xtop.x=32&G0Xtop.y=2&XNotes2=Y&Nodes=X3951
X3952X3955X3958X3961X3965X3969X3972X3975X3978X3981X3985X3989X3992X3995X3998X4001X4004X4
007X4010X4013X4016X4019X41107X41122&SectionRequired=I&HideNums=-1&ExtraInfo=true

RBNZ: http://www.rbnz.govt.nz/monetary-policy/monetary-policy-statement/mps-august-2017
Current Policy: Easing policy
NZD GDP Growth CPI Inflation CPI Inflation TWI
Quarterly Quarterly Annual
Current Data
Next Release
Date
Expectation
RBNZ
Projection

2
 (Sept)
Source: http://www.rbnz.govt.nz/-/media/ReserveBank/Files/Publications/Monetary%20policy
%20statements/2017/mpsaug17.pdf (page 11)
Data:
TWI http://www.rbnz.govt.nz/statistics/b1 (3pm New Zealand, 11am Malaysia time)

BOJ: http://www.boj.or.jp/en/announcements/release_2017/k170720a.pdf
Current Policy: Easing Policy with higher growth forecast and lower inflation forecast. 
JPY Real GDP Core CPI (all items less fresh food) Annual
Annual
Current Data
Next Release Date
Expectation
BOJ Projection
(median)
Source: http://www.boj.or.jp/en/mopo/outlook/gor1707a.pdf (Page 8)

SNB: https://www.snb.ch/en/mmr/reference/pre_20170914/source/pre_20170914.en.pdf
Current Policy: Easing policy
CHF CPI Inflation Quarterly GDP Annual Growth
Current Data
Next Release Date
Expectation
SNB Forecast Q3
Source: Source: https://www.snb.ch/en/mmr/reference/pre_20170914/source/pre_20170914.en.pdf

Weekly Calendar
Monday Time Currency Event Actual Expected Previous
11092017 0750 JPY JP Machinery Orders MoM 8.0% 4.4% -1.9%
0750 JPY JP Machinery Orders YoY -7.5% -7.3% -5.2%
1500 EURO EA ECB Coure Speech
Tuesday Time Currency Event Actual Expected Previous
12092017 1630 GBP GB Inflation Rate YoY 2.9% 2.8% 2.6%
2145 EUR EA ECB Constancio Speech
Wednesday Time Currency Event Actual Expected Previous
13092017 0430 CAD US API Oil Stocks 6.18M 3.50M 2.791M
0750 JPY JP PPI MoM 0.0% 0.1% 0.3%
0750 JPY JP PPI YoY 2.9% 3% 2.6%
0750 JPY JP BSI Large Manufacturing 9.4 -2.8 -2.9%
QoQ
1500 EUR EA Employment Change QoQ 0.4% 0.3% 0.5%
1500 EUR EA Employment Change YoY 1.6% 1.4% 1.6%
1630 GBP GB Unemployment Rate 4.3% 4.4% 4.4%
1630 GBP GB Average Earnings Inc Bonus 2.1% 2.3% 2.1%
1700 EUR EA Industrial Production YoY 3.2% 3.4% 2.8%
1700 EUR EA Industrial Production MoM 0.1% 0.1% -0.6%
2030 USD US PPI MoM 0.2% 0.3% -0.1%
3
 2030 USD US PPI YoY 2.4% 2.5% 1.9%
2030 USD US Core PPI MoM 0.1% 0.2% -0.1%
2030 USD US Core PPI YoY 2.0% 2.1% 1.8%
2230 CAD US EIA Oil Stocks 5.888M 3.238M 4.58M
Thursday Time Currency Event Actual Expected Previous
14092017 0715 AUD AU RBA Debelle Speaks
0930 AUD AU Employment Change 54.2K 15K 29.2K
0930 AUD AU Full Time Employment Chg 40.1K 28.1K -19.8K
0930 AUD AU Part Time Employment 14.1K -4.8K 48.2K
0930 AUD AU Unemployment Rate 5.6% 5.6% 5.6%
1000 AUD CN Industrial Production YoY 6.0% 6.6% 6.4%
1230 JPY JP Industrial Production YoY 4.7% 4.7% 5.5%
1230 JPY JP Industrial Production MoM -0.8% -0.8% 2.2%
1530 CHF SNB Interest Rate Decision -0.75% -0.75% -0.75%
1845 EUR EA ECB Mersch Speech
1900 GBP GB BOE Interest Rate Decicion 2/9 2/9 2/8
& Vote
2030 USD US Core Inflation Rate YoY 1.7% 1.6% 1.7%
2030 USD US Inflation Rate YoY 1.9% 1.8% 1.7%
2030 USD US Initial Jobless Claims 284K 300K 298K
Friday Time Currency Event Actual Expected Previous
15092017 0000 EUR EA ECB Mersch Speech
1345 EUR EA ECB Mersch Speech
1400 EUR EA ECB Nouy Speech
1600 AUD CN New Yuan Loans Y900B Y825.5B
1600 AUD CN Total Social Financing Y1280B Y1220.6B
1615 EUR EA ECB Lautenschlager Speech
1700 EUR EA Balance of Trade E21.4B E26.6B
1700 EUR EA Labour Cost Index YoY 1.6% 1.5%
1700 EUR EA Wage Growth YoY 1.8% 1.4%
2030 USD US Retail Sales MoM 0.1% 0.6%
2115 USD US Industrial Production MoM 0.1% 0.2%
2115 USD US Industrial Production YoY 2.3% 2.2%
2115 USD US Manufacturing Production 1.3% 1.2%
YoY
EUR EA Eurogroup Meeting
Saturday Time Currency Event Actual Expected Previous
16092017 0100 CAD Baker Hughes Oil Rig Count 756
EUR EA Eurogroup Meeting
EUR EA Ecofin Meeting

Disclaimer:
The contents of this write up is meant for educational purposes only. No responsibility is assumed from
trading losses. Market changes as information become available.