1Finance

Weekly Outlook: 2016, June 26 - July 03

The Brexit decision had huge market implications with a crash for the pound, falls for other risk currencies and gains for the dollar and the yen. Apart from the Brexit aftershocks, we have US and Canadian GDP data, US Consumer Confidence and other events. These are the major events on forex calendar.

1. US GDP( final Q1): Tuesday, 12:30. U.S. economic growth was upgraded to 0.8% in the second release for Q1. Q2 looks much better but the future is uncertain with Brexit.
2. US CB Consumer Confidence: Tuesday, 14:00. Consumer confidence is expected to improve to 93.2 this time.
3. US Crude Oil Inventories: Wednesday, 14:30.
4. Canadian GDP data: Thursday, 12:30. Canadian GDP for April is forecasted to rise 0.1%.
5. US Unemployment Claims: Thursday, 12:30. The number of new claims is expected to reach 269,000 this week.
6. Chinese PMIs: Friday, 1:00 for the official one and 1:45 for the independent Caixin one. The Caixin manufacturing PMI already looks worse: a minor rise from 47.8 to 47.9 is on the cards.
7. US ISM Manufacturing PMI: Friday, 14:00. Manufacturing PMI is expected to climb to 51.6 in June.

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