Weekly Outlook: 2016, July 10 - July 17
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, 07-10-2016 at 05:01 PM (1248 Views)
Rate decision in the UK and Canada, Employment data in the US and in Australia, US Producer Prices, Inflation data, Retail sales, Consumer Sentiment. These are the main market movers on forex calendar.
- Canadian Rate decision: Wednesday, 14:00. July’s meeting is exactly one year after the last rate cut, down from 0.75% to 0.50%.
- US Crude Oil Inventories: Wednesday, 14:00.
- Australian Employment data: Thursday, 1:30. Economists expect a jobs gain of 10,100, with a rise to 5.8% in the unemployment rate.
- UK Rate decision: Thursday, 11:00. Governor Mark Carney hinted the bank will provide further stimulus measures in light of the negative economic data following the UK referendum.
- US PPI: Thursday, 12:30. Analysts expect Producer prices will rise 0.3% this time.
- US Unemployment Claims: Thursday, 12:30. Analysts estimate a 263,000 new claims this week.
- US Inflation data: Friday, 12:30. Fewer economists expect the Fed will continue with its rate hike plans. Both CPI an Core CPI are expected to rise 0.2%.
- US Retail sales: Friday, 12:30. Economists expect retail sales to rise 0.1%, while core sales are forecasted to rise 0.4%.
- US Prelim UoM Consumer Sentiment: Friday, 14:00. Consumer sentiment is expected to reach 93.7 in July.
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