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.
“Last week, volatility and trading activity on the Forex market was weak. Investors are concerned about further Fed’s decisions. The US continues to publish weak economic reports. Some representatives of the Central Bank believe that one should not hurry up with raising the range of the key interest rate before the end of this year.”
As always, a number of important macroeconomic statistics will be published in the upcoming trading week.
June 26th, Monday
On Monday, the IFO research institute will publish the business climate index in Germany at 11:00 (GMT+3:00). At 15:30 (GMT+3:00) the report on basic orders for durable goods in the US will appear.
We also recommend paying attention to the head of the ECB Draghi’s speech at 20:30 (GMT+3:00).
June 27th, Tuesday
On Tuesday, in the Asian trading session, the statistics on the balance of visible trade of New Zealand will be released. At 11:00 (GMT+3:00) ECB President Draghi will hold a press conference.
In the European trading session, we expect the report of the Bank of England on financial stability in the country and the head of the Central Bank Carney’s speech.
At 17:00 (GMT+3:00) the consumer confidence index in the US will be published.
In the American trading session, the attention of the financial markets participants will be directed to the Chairman of the Federal Reserve Yellen’s press conference.
June 28th, Wednesday
On Wednesday, the speakers of the Central Bank of Japan, Canada, and Europe will speak at a banking forum in Portugal.
At 17:00 (GMT+3:00) the index of pending sales in the real estate market in the United States will be published. At 17:30 (GMT+3:00) there will be a report on the stocks of crude oil in the US. This statistics can have an impact on the dynamics of commodity currencies.
June 29th, Thursday
On Thursday, in the Asian trading session, the data on retail sales in Japan and the index of business activity in New Zealand will be released.
At 15:30 (GMT+3:00) the revised data on the US GDP (first quarter) and the number of initial applications for unemployment benefits will appear.
June 30th, Friday
On Friday, there will be statistics on household spending and industrial production in Japan at 02:30 (GMT+3:00) and at 02:50 (GMT+3:00), respectively. At 04:00 (GMT+3:00) the reports on business activity in China will be published.
In the European trading session, investors’ attention will be directed to the report on the labor market in Germany and the GDP statistics of the UK. At 12:00 (GMT+3:00) the data on inflation in the euro area will appear.
At 15:30 (GMT+3:00) we expect the data on Canada’s GDP and individuals spendings in the US.