Market focus on BoC’s interest rate decision.
In the coming week a number of financial data releases could get the attention of the markets.
IronFX’s team handpicked the ones which it considers as the most influential and discusses their possible forecasts and their respective effects on various currencies.
Next week’s market movers
Monday, July 9th
On a rather quiet Monday, we get Japan’s Current Account balance.
Early in the Asian session we get Japan’s Current Account Balance for May. The balance is forecasted to be a narrowed surplus of +1,240.2B if compared to previous month’s reading of +1,845.1B.
Tuesday, July 10th
On Tuesday, China’s CPI rate for June, UK’s manufacturing output for May and Germany’s ZEW Economic Sentiment for July could be the main events of the day.
During the Asian session China’s CPI rate for June is due out. The rate is forecasted to accelerate and reach +1.9% yoy, if compared to previous reading of +1.8% yoy.
Wednesday, July 11th
On Wednesday, Australia’s retail sales growth rate for May and especially UK’s services PMI for June could be the center of discussion.
In the Asian session we get Japan’s Corporate Goods prices growth rate for June. The rate is forecasted to slowdown and reach +0.1% mom compared to previous reading of +0.6% mom.
Thursday, July 12th
On Thursday, the US ISM non-manufacturing PMI for June as well as the FOMC meeting minutes could grab the market’s attention.
In the European session we get Germany’s final HICP rate for June. The rate is forecasted to remain unchanged at +2.1% yoy compared to the preliminary release, however slowdown if compared to previous month’s rate of +2.2% yoy.
Friday, July 13th
On Friday, the US employment report with its Non-Farm Payroll figure for June could keep the market on its toes but the Canada’s employment data could also get some attention.
Albeit at a tentative time China’s trade balance figure for June is due out. The figure is forecasted to a wider surplus of +27.5B if compared to previous surplus of 24.92B.