EUR/USD made a move to the upside but eventually failed to stay there and retreated amid the ECB meeting. What’s next? Final inflation figures and a key German survey stand out. Here is an outlook for the highlights of this week. Final CPI: Monday, 10:00. A confirmation of these figures is on the cards now.German Ifo Business Climate: Tuesday, 9:00. A small tick up to 117.6 is forecast now.German PPI: Wednesday, 7:00. A more modest ...
EUR/USD struggled to continue advancing as the dollar found its footing. The upcoming week features a constant stream of data including PMIs, industrial output and more. Here is an outlook for the highlights of this week. Eurogroup Meetings: Monday. Progress in Greece’s program, political uncertainty in Germany, Italy, and still in Spain, and Brexit are all on the agenda.Spanish Unemployment Change: Monday, 8:00. A rise of 56.8K in ...
The US dollar was on the back foot, suffering losses of various degrees across the board. The upcoming week features US durable goods orders, updated GDP reads from the UK and the US as well as the Jackson Hole Symposium. Here is a guide to the key events of the upcoming week. US New Home Sales: Tuesday, 14:00. The figure reached 5.57 million (annualized) in June. A similar figure of 5.55 million is projected.Crude Oil Inventories ...
China Oil Imports Rise as Teapot Refinery Demand Overwhelms Port Oil imports by China, the world’s biggest consumer after the U.S., rebounded amid strong buying by independent refiners that have helped push the country’s crude demand to a record and overwhelmed one of the country’s biggest ports with tanker traffic. Inbound shipments during April totaled 32.58 million metric tons, data from the Beijing-based General Administration ...
Forex Weekly Outlook April 25-29 The US dollar ended the week on a positive note. GDP reports from the US and elsewhere, durable goods orders and the Fed meeting all stand out. Also note the BOJ’s decision which has become more important now. These are the highlights of this week. German Ifo Business Climate: Monday, 8:00. German business sentiment was lifted in March, after three consecutive declines, amid higher optimism ...
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