Today, JustForex’s team of financial analysts has prepared a new review of events in the upcoming week.
This article is originally referred from JustForex News.
These events can significantly affect the Forex market.
Choose and track the ones that are most important to you.
Last week, trades on the main currency pairs were very active. At the same time, a unidirectional trend was not observed. The dollar index (#DX) was in a sideways trend. The pound was under pressure amid weak economic reports from the UK. The head of the Federal Reserve System said that the US central bank will continue a gradual increase in the interest rate amid high economic growth and stable inflation. Participants of financial markets are waiting for the ECB meeting.
In the upcoming trading week, we recommend you to pay attention to the following macroeconomic events and reports.
July 23rd, Monday
On Monday, the news feed will be fairly calm.
At 15:30 (GMT+3:00) statistics on existing home sales in the US will be published.
July 24th, Tuesday
On Tuesday, investors will evaluate a number of reports on economic activity in Germany and the Eurozone at 10:30 (GMT+3:00) and 11:00 (GMT+3:00).
July 25th, Wednesday
On Wednesday, the news feed will be very eventful.
We recommend you to pay attention to the following statistics:
- A report on the labor market in New Zealand at 01:45 (GMT+3:00);
- The consumer price index in Australia at 04:30 (GMT+3:00);
- The IFO business climate index at 11:00 (GMT+3:00);
- New home sales in the US at 17:00 (GMT+3:00).
Thursday 26th, July
On Thursday, a key event will be the ECB meeting at 14:45 (GMT+3:00).
It is expected that the regulator will leave interest rates unchanged.
We recommend you to pay attention to the comments by the Central Bank representatives.
At 15:30 (GMT+3:00) data on orders for durable goods in the US will be released.
Friday 27th, July
The trading week will end with the publication of preliminary data on the US GDP at 15:30 (GMT+3:00).
Original Source: JustForex News