Weekly EUR/USD Outlook: 2017, July 02 - July 09 EUR/USD finally made a breakthrough and reached the highest levels in over a year. Is this the beginning of a longer trend? The first week of July features PMIs and the ECB meeting minutes. Manufacturing PMIs: Monday morning: 7:15 for Spain, 7:45 for Italy, the final French figure at 7:50, final German read at 7:55 and the final euro-zone number at 8:00.Unemployment Rate ...
Weekly Outlook: 2017, July 02 - July 09 The US dollar and the Japanese yen were on the back foot as optimism gripped markets Will the party continue? The first week of the second half features a full build up to the all-important Non-Farm Payrolls as well as other top-tier figures. Chinese Caixin Manufacturing PMI: Monday, 1:45. Any figure under 50 represents contraction. A similar score is expected now: 49.9.US ISM ...
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 ...
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