JustForex has provided summary of market events of the week!
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This article is originally referred from JustForex News.
Today, JustForex’s team of financial analysts has prepared a new review of events in the upcoming week. These events can significantly affect the Forex market.
Choose and track the ones that are most important to you.
On Thursday, June 8, the parliamentary elections were held in the UK. The Prime Minister T. May’s Conservative party did not gain a majority in the House of Commons (326 seats). These events put considerable pressure on the pound. Trades on Friday ended with the fall of GBP/USD by more than 1.5%.
This week, the attention will be focused on the meetings of the Central Banks of the United States, Japan, Britain, and Switzerland. JustForex also advises you to pay attention to the following events.
Monday June 12th
On Monday, the news background will be pretty calm. Financial markets in Australia will be closed due to the holiday.
The publication of important economic reports from the US and the Eurozone is not planned.
Tuesday June 13th
At 11:30 (GMT+3:00), the National Statistical Office of Great Britain will publish a monthly report on inflation in the country.
At 12:00 (GMT+3:00) the data on the ZEW economic sentiment index in Germany will be published.
At 15:30 (GMT+3:00), the US Bureau of Labor Statistics will publish data on the producer price index.
Wednesday June 14th
On Wednesday, the news background will be very eventful. The attention will be focused on the Fed meeting.
At the moment, most experts believe that the regulator will raise interest rates by 25 basis points to 1.00-1.25%. The central bank will publish updated forecasts on economic growth and further monetary policy in the country as well.
We also recommend you to pay attention to the following economic reports:
- The industrial production volume in China at 05:00 (GMT+3:00).
- A report on the labor market in the UK at 11:30 (GMT+3:00).
- Publication of reports on retail sales and inflation in the US at 15:30 (GMT+3:00).
- Crude oil reserves in the US at 17:30 (GMT+3:00).
This statistics can have a significant impact on the group of commodity currencies.
Thursday June 15th
On Thursday, the news background will also be eventful due to important economic reports release.
The meetings of the National Bank of Switzerland and the Bank of England will take place, at which decisions on further monetary policy will be made. At the moment, most experts believe that regulators will leave interest rates unchanged at -0.75% and 0.25%, respectively.
At the same time, it is necessary to pay attention to the comments of the Central Banks representatives.
It is necessary to pay attention to the following statistics:
- The data on GDP of New Zealand at 01:45 (GMT+3:00).
- A report on the Australian labor market at 04:30 (GMT+3:00).
- Statistics on retail sales in the UK at 11:30 (GMT+3:00).
- The index of production activity from the Federal Reserve Bank of Philadelphia – 15:30 (GMT+3:00).
Friday June 16th
On Friday, investors’ attention will be directed to the meeting of the Bank of Japan. Speak by the forecasts, the Central Bank will leave the monetary policy at the same level.
At 12:00 (GMT+3:00) the revised data on inflation in the Eurozone will appear.
At 15:30 (GMT+3:00) a number of statistics data on the real estate market in the United States will be published.
Original Source: JustForex News