The US dollar made an attempt to recover but the results were mixed in a very busy week. What’s next? The focus shifts away from the US as we have three rate decisions and two jobs reports from other places Here are the highlights for the upcoming week. UK Services PMI: Monday, 9:30. The services sector is the most important one in the UK and the publication of Markit’s services OMI always moves the markets. The sector has been experiencing ...
The US dollar was on the back foot but managed to climb back in a busy week. As we enter the last week before the holidays, how will currencies make their last-minute adjustments? GDP data from the US, the UK, and Canada stand out. Here are the highlights for the upcoming week. US housing data: Tuesday, 13:30. Note that for a meaningful effect, both figures need to go in the same direction. In some cases, one surprises to the upside ...
The US dollar continued enjoying the optimism from the tax cuts and was not hit hard by the data. Can it continue higher? Four rate decisions await us: the SNB, ECB, BOE, and the FED, with Yellen’s last post-rate decision press conference. Can the dollar continue higher? Here are the highlights for the upcoming week. UK inflation: Tuesday, 9:30. Expectations still remain high at 3%.US PPI: Tuesday, 13:30. Another rise of 0.4% in ...
The US dollar managed to recover in the week after Thanksgiving on positive data, upbeat Fed statements, imminent tax cuts, and despite a major development in Trump’s troubles. The Non-Farm Payrolls is the key event and we also have rate decisions from Australia and Canada Here are the highlights for the upcoming week. Australian rate decision: Tuesday, 3:30. This is the last decision of the year and the RBA does not meet in January. ...
GBP/USD was under pressure as Brexit negotiations remain stuck and worries about the economy persist. The upcoming week features the GDP report and also the government’s Autumn Statement. Public Sector Net Borrowing: Tuesday, 9:30. A level of 6.6 billion is on the cards now.CBI Industrial Order Expectations: Tuesday, 11:00. A bounce back to positive ground, to +3 points, is forecast now.Autumn Forecast Statement: Wednesday, 12:30. ...
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