Weekly Outlook: 2017, June 25 - July 02
by
, 06-25-2017 at 12:51 AM (673 Views)
The US dollar enjoyed some strength thanks to the Fed’s hawkish hike, but this did not last too long. What’s next? The Fed can continue influencing currencies thanks to speeches from top Fed officials, including Yellen. In addition, we have many other central bankers speaking and also some GDP figures.
- US Durable Goods Orders: Monday, 12:30. A rise of 0.4% is on the cards for core orders.
- Mario Draghi talks: Monday, 17:30 and Tuesday at 8:00. The president of the ECB participates in an event in Sintra, Portugal.
- Mark Carney talks: Tuesday, 10:00. The Governor of the BOE will present the Financial Stability Report and will speak at a press conference.
- US CB Consumer Confidence: Tuesday, 14:00. A small drop to 116.1 is on the cards.
- Patrick Harker talks Tuesday, 15:15. The President of the Philadelphia Fed will speak in London. In his previous public appearance, Harker surprised by expressing some worries about inflation.
- Janet Yellen talks: Tuesday, 17:00. The Chair of the Federal Reserve expressed lots of optimism about growth and employment while dismissing inflation on one-off events.
- Central bankers panel: Wednesday, 13:30. Four governors will participate in a panel at Sintra: the ECB’s Mario Draghi, the BOE’s Mark Carney, the BOJ’s Haruhiko Kuroda and the BOC’s Stephen Poloz all talk at one event.
- US Pending Home Sales: Wednesday, 14:00. A rise of 0.6% is on the cards.
- Crude Oil Inventories: Wednesday, 14:30.
- US GDP (final): Thursday, 12:30. A confirmation of the 1.2% growth rate is expected.
- UK GDP (final): Friday, 8:30. We now get the final read which is projected to confirm the 0.2% read.
- Euro-zone inflation: Friday, 9:00. Headline inflation carries expectations for a slide to 1.3% while core inflation is forecast to advance to 1%.
- US Core PCE Price Index: Friday, 12:30. Month over month, a rise of 0.1% is predicted.
- Canadian GDP: Friday, 12:30.
the source