1Finance

Weekly Outlook: 2016, June 12 - June 19

Risk off sentiment dominated during most of the week, but things reversed later on. It’s all related to the UK’s EU Referendum which happens in the upcoming week. Apart from this, two testimonies from Janet Yellen, US Durable Goods Orders and German surveys will play a role around the big vote. These are the highlights on forex calendar.

1. German ZEW Economic Sentiment: Tuesday, 9:00. The current pick-up in consumer spending is probably related to low inflation and is expected to reverse in the coming months. Investor’s confidence is expected to drop further to 5.1 this time.
2. Janet Yellen speaks: Tuesday and Wednesday at 14:00. Federal Reserve Chair Janet Yellen will testify before the Senate Banking Committee, in Washington.
3. US Crude Oil Inventories: Wednesday, 14:30.
4. British EU Referendum: Thursday, with polls closing at 21:00 GMT and clear results due early on Friday.
5. US Unemployment Claims: Thursday, 12:30. The number of new claims is expected to reach 271,000 this week.
6. German Ifo Business Climate: Friday, 8:00. German business sentiment is expected to reach 107.6 in June.
7. US Durable Goods Orders: Friday, 12:30. Core orders are forecast to rise 0.1%.

the source