Dollar/yen dipped had a strong start to the week but petered out later on. The pair has been sliding as enthusiasm from the Fed’s hawkishness was replaced by skepticism. The upcoming week begins with a strong start from durable goods orders, continues with the CB consumer confidence and culminates with the final read of US GDP. It is also important to watch out for the Core PCE Price Index, the Fed’s favorite measure of inflation.In ...
EUR/USD was under pressure as the dollar enjoyed some gains. Has the pair turned down? The last week of June features an important German survey and key inflation data. German Ifo Business Climate: Monday, 8:00.French CPI: Tuesday, 6:45.French Consumer Spending: Wednesday, 6:45.Monetary data: Wednesday, 8:00.Italian CPI: Wednesday, 9:00.German GfK Consumer Climate: Thursday, 6:00.Spanish CPI: Thursday, 7:00.German ...
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 ...
EUR/USD failed to move higher and eventually dropped after the Fed raised rates. Has the trend changed? The second round of the French Parliamentary elections and PMIs stand out. Here is an outlook for the highlights of this week. German PPI: Tuesday, 6:00. This time, a drop of 0.1% is projected.Current Account: Tuesday, 8:00. A narrower surplus of 31.3 billion is expected.ECB Economic Bulletin: Thursday, 8:00. The ECB usually ...
The US dollar enjoyed some strength thanks to the Fed’s hawkish hike. Can it continue advancing? The Fed can continue influencing currencies thanks to speeches from top Fed officials. In addition, we have housing data from the US and other events. Here are the highlights for the upcoming week. FOMC’s Dudley talks: Monday, 12:00. New York Fed President Bill Dudley is No. 3 at the Federal Reserve and usually a dove. In his speech in Plattsburgh, ...
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