All Eyes on US Consumer Inflation.
This article is originally referred from FXPrimus News.
Last week’s NFP report revealed 213,000 new jobs and wage growth, while Unemployment Rate increased by 0.2%.
EURUSD improved for the third week in a row, Cable moved higher, while Yen, Oil and Gold ended the week mixed.
As labor markets posted somewhat positive numbers, investors could expect Q2 to be as good for economic growth and the nominal US GDP, to be released this Thursday.
Nonetheless, recent tariffs on Chinese imports and China’s retaliation on US goods could hamper US economic growth in the near future.
July 9th, Monday
Draghi speaks about virtual currencies. ECB President Draghi will deliver speeches on the European economy, Europe’s monetary policy, virtual currencies and other macro-prudential policies.
Euro pairs are likely to experience some swings.
July 10th, Tuesday
Chinese Inflation and UK economic growth on the spotlight.
Early in the Asian session, the National Bureau of Statistics in China will release its monthly Consumer inflation data after a mixed print last month.
Early in the London session, the Office for National Statistics will release UK GDP.
July 11th, Wednesday
Draghi, BoC rate decision, EIA Crude Oil report and others… ECB’s Draghi will deliver opening remarks at the Statistics Conference in Frankfurt on Wednesday at 07:00 GMT.
The BoC rate statement, expected seven hours later, and EIA’s report on Crude Oil, will likely lead to some volatility in the markets.
BoC’s conference at 15:15 GMT and BoE Carney’s speech on global financial crisis in Boston at 15:30 GMT also expected. FOMC Bostic and Williams on stage near day’s end.
July 12th, Thursday
Eurogroup meeting, ECB minutes and US CPI to dominate investor sentiment. Another busy session starting with German and French CPI figures at 06:00 and 06:45 GMT respectively.
In Europe, ECB’s Monetary Policy Meeting Accounts at 11:30 GMT also expected and likely to add intraday volatility.
In the US, market participants will be waiting for this week’s highlight, the US Consumer Inflation, expected to come out steady at 0.2%.
July 13th, Friday
End of trading week noiseless on light EcoCal, releases likely to have marginal effect.
A light economic calendar suggests a rather quiet end of week this coming Friday as reports to be released have minimal impact on the markets.
Investors may be able to catch some pips during the release of the UoM Consumer Sentiment report at 14:00 GMT.
Original Source: FXPrimus News