The US dollar had a positive week, enjoying support from the Fed. UK and US GDP updates, US durable goods orders and key German surveys stand out. These are the highlights of this week. German ZEW Economic Sentiment: Tuesday, 9:00. A rise to 12.1 is expected now.German Ifo Business Climate: Wednesday, 8:00. Economists from the IFO institute believe German economic activity will show a 0.6% growth while the second quarter is expected ...
US and Canadian GDP data, US Durable Goods Orders and Unemployment claims are the final highlights before Christmas break. Here is an outlook on these major events. Last week the Federal Reserve hiked interest rates for the first time in nearly a decade showing faith in the U.S. economy. The central bank raised interest rates by a quarter of a percentage point to between 0.25% and 0.50. Policy makers reiterated that the US economy is performing ...
EUR/USD continues to grind higher as Greece continues to dominate the headlines. "The main focus was the June Fed meeting where early year expectations of a hike this month now feel a long time ago. There was speculation that Yellen shifted her 2015 dot lower, although as our US economist noted it is hard to tell. With the Fed still in data-dependent mode, more convincing evidence of a Q2 growth pick-up is needed. This week’s May durable ...
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