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JustForex Market Analysis - Schedule of Economic News & Event of the week!
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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 Friday, July 07, the US Bureau of Labor Statistics published a fairly upbeat report on the labor market. In June, 222,000 jobs were created in the non-agricultural sector of the country, which is more than the forecasted value of 179,000. The average hourly wage growth was 0.2% compared to the previous value of 0.1%. At the same time, the unemployment rate in the US increased to 4.4%. This statistics strengthened investors’ expectations that the Fed could raise the key interest rate in December 2017.
In the upcoming trading week, we recommend you to pay attention to the following events.
July 10th, Monday
On Monday, the news background will be pretty calm. At 04:30 (GMT+3:00), the consumer price index will be published in China. This statistics can have an impact on the dynamics of the Australian dollar.
July 11th, Tuesday
On Tuesday, the publication of important economic reports is not planned. However, we advise you to pay attention to the following events:
- The volume of new homes construction in Canada – 15:15 (GMT+3:00).
- A number of open jobs in the JOLTS labor market – 17:00 (GMT+3:00).
- The FOMC member Kashkari’s speech – 20:20 (GMT+3:00).
July 12th, Wednesday
On Wednesday, the news background will be very eventful. At 17:00 (GMT+3:00) the Bank of Canada will hold a meeting on the monetary policy. At the moment, most experts believe that the regulator will raise the interest rate by 25 basis points to 0.75%.
The financial markets participants will also follow the Fed’s Chairman Yellen’s speech at 17:00 (GMT+3:00).
We recommend you to pay attention to the following economic reports:
- Statistics on the labor market in the UK – 11:30 (GMT+3:00).
- Crude Oil Inventories in the US – 17:30 (GMT+3:00).
- The Fed’s Beige Book – 21:00 (GMT+3:00).
July 13th, Thursday
On Thursday, China will publish statistics on trading. We also advise paying attention to the following events:
- The producer price index in the US – 15:30 (GMT+3:00).
- The Fed’s Chairman Yellen’s press conference – 17:00 (GMT+3:00).
July 14th, Friday
On Friday, the attention will be focused on the reports on inflation and retail sales in the US at 15:30 (GMT+3:00). At the moment, most experts are expecting an improvement of the figures.
