Forex Daily Analysis for Monday, Sep 17th

Should Be A Quiet Monday In Anticipation Of FOMC Rate Decision

We anticipate a slow start of the week as all eyes are on the FOMC for tomorrow's Rate Decision.

Overnight News Bullets

* GE Consumer Price Index MoM/YoY (Aug F), out at -0.1%/1.9% vs. -0.1%/1.9% exp. -0.1%/1.9% prior.
* GE CPI – EU Harmonised MoM/YoY (Aug F), out at -0.1%/2.0% vs. -0.1%/2.0% exp. -0.1%/2.0% prior.
* FR Current Account (Jul), out at -2.2M vs. -2.0M prior.
* IT Industrial Production MoM/YoY (Jul), out at -0.4%/2.4% vs. 0.1%/1.5% exp. -0.5%/-0.1% prior.
* E-Z Euro-Zone CPI MoM/YoY (Aug), out at 0.1%/1.7% vs. 0.1%/1.8% prior. -0.2%/1.8% prior.
* E-Z Euro-Zone CPI-Core YoY (Aug), out at 1.9% vs. 1.9% exp. 1.9% prior.
* US Current Account Balance (2Q), out at -$190.8B vs. -$190.0B exp. -$192.6B prior.
* US Import Price Index MoM/YoY (Aug), out at -0.3%/1.9% vs. 0.2%/- exp. 1.5%/0.7% prior.
* US Advance Retail Sales (Aug), out at 0.3% vs. 0.5% exp. 0.3% prior.
* US Retail Sales Less Autos (Aug), out at -0.4% vs. 0.2% exp. 0.4% prior.
* US Industrial Production (Aug), out at 0.2% vs. 0.3% exp. 0.3% prior.
* US Capacity Utilization (Aug), out at 82.2% vs. 82.0 exp. 81.9% prior.
* CA Manufacturing Shipments (Jul), out at 2.3% vs. 1.0% exp. -1.8% prior.
* CA Labor Productivity (2Q), out at 0.2% vs. 0.4% exp. 0.7% prior.
* US U. of Michigan Confidence (Sep P), out at 83.8 vs. 83.5 exp. 83.4 prior.
* US Business Inventories (Jul), out at 0.5% vs. 0.3% exp. 0.4% prior.
* US Baker Hughes U.S. Rig Count (Sep 14), out at 1787 vs. 1814 prior.

O/N Data Heat map:

EU	US	JP	UK	SZ	AU	CA	NZ	NO	SE	FR
	-					+

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