The Canadian posted gains for a second straight week, as USD/CAD lost 80 points. The pair closed the week at 1.3440. This week’s key event is GDP. Current Account: Tuesday, 12:30. The deficit for Q1 is expected to rise to C$11.4 billion.RMPI: Tuesday, 12:30. This index measures inflation in the manufacturing sector. The indicator continues to weaken and came in at -1.6% in March, a sharper drop than expected.GDP: Wednesday, 12:30. ...
GBP/USD dropped sharply last week, dropping 230 points. The pair closed at 1.2781, its lowest weekly close in four weeks. This week’s key events are Manufacturing and Construction PMIs. BRC Shop Price Index: Tuesday, 23:01. This consumer inflation report continues to post declines, but the rate of decline has been lower over the past three readings. In April, the index came in at -0.5%. Will we see a reading in positive territory in ...
EUR/USD had a positive week in general, rising as prospects continue looking better in the euro-zone in comparison to the US. The upcoming week features preliminary inflation figures and PMIs. Monetary data: Monday, 8:00. A small deceleration to 5.2% is on the cards.Mario Draghi talks: Monday, 13:00. The President of the ECB will testify in front of the European Parliament and could provide some insights about the next moves of his ...
The US dollar managed to recover in the last full week of May. As the page turns into June, we have a buildup to the Non-Farm Payrolls, consumer confidence, and the Fed’s favorite inflation figure. Here are the highlights for the upcoming week. US Core PCE Price Index: Tuesday, 12:30. A monthly rise of 0.1% is expected.CB Consumer Confidence: Tuesday, 14:00. A small drop to 120.1 is on the cards.Euro-zone inflation figures: Wednesday, ...
AUD/USD was unchanged last week, closing at 0.7439. This week’s key events are Private Capital Expenditures and Retail Sales. Building Approvals: Tuesday, 1:30. The markets are expecting a strong rebound in the April report, with a forecast of +3.2%.Private Sector Credit: Wednesday, 1:30. The estimate for the upcoming release is 0.4%.AIG Manufacturing Index: Wednesday, 23:30.Private Capital Expenditure: Thursday, 1:30. The indicator ...
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