September 2026 is an unusually busy month on the forex calendar. Seven central banks announce interest rate decisions within thirty days: Bank of Canada (September 2), CBRT and European Central Bank (September 10), Fed (September 16), Bank of England (September 17), Bank of Japan (September 18), and Reserve Bank of Australia (September 29). Three of these fit into the same thirty-three hour window.
This article is not a prediction list. All of the dates and times below were pulled for the September 1-30 range from the source feeding FXPARTNER's Economic Calendar page and filtered by high-impact events — 66 headlines throughout the month. All times are Turkey time (TRT).
The only thing we deliberately omit from the calendar is probability ratios derived from market pricing. These ratios change daily; when frozen in a calendar article to be read over a month, they look like analysis and turn into an incorrect figure. Below is only the calendar itself and the previous readings the calendar carries.
The backbone of the month: three dates
Three dates frame the whole of September, and their order alone carries information:
- –4 September 15:30 — US non-farm payrolls, unemployment rate, and average hourly earnings at the same time.
- –11 September 15:30 — US consumer inflation (headline and core, four series at once: monthly and annual).
- –16 September 21:00 — Fed interest rate decision, along with economic projections; press conference at 21:30.
The sequence itself is important: the Fed makes its decision after seeing the two main data releases of the month. In other words, the figures coming on 4 and 11 September will have changed the picture heading into 16 September. On the days between these three dates, what the market mostly does is repricing these two data points toward the decision.
It should also be noted that economic projections accompany the 16 September meeting. Projections are published at four meetings a year; as they show the board members' expectations regarding the interest rate path, they are a second item that can create price action even if the decision itself comes out as expected.
1-4 September: The month opens with the employment report
The first week of the month is busy enough to deserve being addressed on its own, and we have examined this week day by day in a separate article at FXPARTNER Academy. Here we only provide the framework: 1 September 17:00 US ISM manufacturing PMI and JOLTS job openings data, on the same day at 12:00 Eurozone preliminary inflation; 2 September 16:45 Bank of Canada decision; 3 September 17:00 ISM services PMI; 4 September 15:30 US and Canada employment reports in the same minute.
The coincidence of Canadian and US employment data occurring in the same minute creates a special situation for USD/CAD: in that minute, labor market data from both economies are priced in simultaneously, and volatility in the pair may be higher compared to single-sided data.
7-11 September: Four topics in 105 minutes, US inflation the next day
The first half of the week passes with Asian data: 8 September 06:00 China trade balance, exports, and imports; 9 September 04:30 China consumer inflation. Chinese data affects prices in the European session through commodity demand — a weak reading on industrial demand is seen first on AUD and NZD.
The main concentration is on the afternoon of 10 September. Four titles come back-to-back within one hundred and five minutes: 14:00 CBRT interest rate decision, 15:15 ECB interest rate decision and deposit rate, 15:30 US producer inflation, 15:45 ECB press conference. On the same day at 10:00, Turkey industrial production is also released.
This combination makes for the most attention-requiring afternoon of the month for an account holding TRY and EUR positions simultaneously. There are only 75 minutes between the two decisions; before the reaction to the first decision settles down, the second one arrives, and at the ECB, the main movement often occurs not at the decision, but at the press conference 45 minutes later.
11 September is the second critical date of the month. At 15:30, four series of US consumer inflation are released all at once: headline and core, monthly and annual. On the same day at 09:00, there is UK monthly growth data, and at 17:00, the preliminary reading of US Michigan consumer sentiment.
In inflation data, the figure to look at first is core, not headline. The headline figure carries volatility in energy and food prices; the series central banks weigh heavily in policy decisions is core inflation, from which these items are excluded. In months where the two diverge, the market's initial reaction is frequently reversed.
14-18 September: Three central banks in thirty-three hours
The busiest window of the month is here. 16 September 21:00 Fed decision and economic projections, 21:30 press conference. Seventeen hours later, 17 September 14:00 Bank of England decision. Sixteen hours after that, 18 September 06:00 Bank of Japan decision. Three central banks, thirty-three hours.
The data setting up this window are also strikingly placed ahead of it. UK inflation is released on 16 September at 09:00, twenty-nine hours before the BoE decision. Japan inflation comes on 18 September at 02:30, just three and a half hours before the BoJ decision. In both cases, the decision is made while the inflation figure is fresh in the market.
The rest of the week is not empty either: 14 September 15:30 Canada inflation; 15 September 05:00 China industrial production and retail sales, 09:00 UK unemployment rate, 12:00 Germany ZEW economic sentiment index; 16 September 15:30 US retail sales; 17 September 15:30 US housing starts and building permits; 18 September 09:00 UK retail sales.
From a practical standpoint, the most overlooked risk of this week is the BoJ timing. The decision arrives on Friday morning at 06:00, before the European session opens. Carrying a position involving the Japanese yen through Thursday's close may mean facing the decision while asleep; the initial movement in JPY pairs that morning occurs at a time when liquidity is thin.
21-25 September: The only calm week of the month
This week is the only week of the month with no central bank decisions and no inflation or employment data coming from the US. On the calendar, there are Eurozone preliminary manufacturing PMI on 23 September at 10:30, UK preliminary manufacturing and services PMI data at 11:30; Germany Ifo business climate index on 24 September at 11:00; Germany GfK consumer confidence on 25 September at 09:00 and US durable goods orders at 15:30.
Preliminary PMI data are survey-based and precede official statistics; therefore, they tend to show trend shifts early. However, a single month's PMI reading frequently contradicts the hard data that follows it.
A calm week of a month does not mean a week without trading; but this gap between the three scheduled weeks is the most suitable interval of the month to review position sizing and open risk.
28 September-2 October: The month closes with core PCE
29 September 07:30 Reserve Bank of Australia decision, on the same day at 17:00 US JOLTS job openings data arrives.
September 30 is the last busy day of the month. Two different series of Chinese manufacturing PMIs at 04:30 and 04:45, followed by Eurozone flash inflation readings, and four data points from the US at 15:30: the final reading of second-quarter growth, core PCE price index, personal income, and personal spending.
Among these four, core PCE carries the most weight for the Fed. The series through which the Fed tracks its inflation target is this index, not the CPI released on September 11; since the two use different baskets and different weightings, they can diverge in the same month. The month opening with US inflation and closing with US inflation makes September an inflation month.
On the same day, the unemployment rate and final foreign trade data are also announced in Turkey.
Turkey calendar: September 3 and 10
There are two decisive dates on the Turkey side this month. On September 3 at 10:00, consumer and producer inflation are announced; previous readings on the calendar are %31,75 annually and %1,78 monthly in CPI, and %27,83 annually in PPI. On the same day at 11:00, preliminary foreign trade data arrives.
On September 10 at 14:00, there is the CBRT interest rate decision; previous policy rate shown on the calendar is %37, overnight lending rate is %40, overnight borrowing rate is %35,5. Four hours before the decision, at 10:00, industrial production is released. The meeting summary will be published on September 17 at 14:00 — for those who wish to read the rationale behind the decision, this is the main text.
Turkey headlines for the remainder of the month: retail sales and current account balance on September 11 at 10:00; capacity utilization rate and real sector confidence index on September 21 at 10:00; consumer confidence index on September 22 at 10:00; economic confidence index on September 29 at 10:00; unemployment rate and final foreign trade figures on September 30 at 10:00.
The CBRT decision coinciding with the ECB decision on the same afternoon means the busiest 75 minutes of the month for an account holding EUR/TRY: both sides of the pair are priced on the same afternoon.
How to use this calendar?
The difference between a monthly calendar and a weekly calendar is that it makes it possible to look at the gaps rather than individual data points. The following are not strategy recommendations, but technical topics stemming from the structure of the month:
- –Mark three dates in advance: September 4 at 15:30, September 11 at 15:30, September 16 at 21:00. The rest of the month is largely shaped around these three.
- –Plan the afternoon of September 10 as a single event. CBRT at 14:00, ECB at 15:15, US PPI at 15:30, and ECB press conference at 15:45 — four headlines, 105 minutes.
- –The BoJ decision on September 18 at 06:00 comes before Europe opens. Make the decision to carry JPY positions into Thursday's close knowing this time.
- –There are no central bank decisions in the week of September 21-25. This is the maintenance window of the month: the only gap between three busy weeks to review open risk, margin level, and position size.
- –It is realistic to expect spread widening and slippage during data minutes; this is not a broker issue, but a result of liquidity providers reducing risk. Use the Position Calculator before the data release time, not at the moment of the data, to ensure the necessary margin in advance.
- –When entering times into your own calendar, note that they are in TSİ. Leaving a position open during data release due to miscalculating the time is a common and completely preventable error.
Times may change
This calendar shows the schedule effective as of September 1, 2026. Institutions occasionally change data release times, some headlines are added to the calendar later, and central bank meeting dates may be shifted in exceptional cases. Use the Economic Calendar page for confirmation during the month; the same headlines are listed live there along with forecast and actual values.
We previously covered in a separate article which calendar data is truly important and why the difference between forecast and actual is more decisive than the absolute figure; if you are reading this calendar for the first time, starting there is useful.
This content is for general informational purposes only and is not investment advice; leveraged trading involves high risk and you may lose all of your capital.
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