FOMC: "We believe that any taper tantrum angst is premature, however. Next week’s Fed meeting should make an explicit reference to a rate move in December but there seems to be less scope for aggressive tightening of US financial conditions given that the implied probability of a hike is already close to 75%. We doubt that there will be a sustained risk selloff either, especially if the non-farm payrolls and ISM data underpins the constructive outlook for the US economy and adds to the recent stream ...
EUR/USD struggled to recover, but it also did not extend its falls. A mix of PMIs, inflation figures and also GDP stand out at the turn of the month. Here is an outlook for the highlights of this week. German Retail Sales: Monday, 7:00.CPI: Monday, 10:00.GDP: Monday, 10:00. The 19-country eurozone has grown by 0.3% q/q in Q2 2016, and further growth is on the cards also in Q3. Spain’s growth remains encouraging, but France lags ...
The US dollar took a break but eventually renewed its strength, with new seven month highs against the euro and the loonie. Mark Carney and Mario Draghi’s speeches, US Durable Goods Orders, and GDP data from the UK and the US. These are the major events on forex calendar. German Ifo Business Climate: Tuesday, 8:00. Economists expect a further rise to 109.6.US CB Consumer Confidence: Tuesday, 14:00. U.S. consumer confidence is expected ...
EUR/USD was on the back foot as the US dollar dominated across the board. Can it continue falling?. The upcoming week’s highlight is undoubtedly the ECB meeting. Here is an outlook for the highlights of this week. CPI (final): Monday, 9:00. The numbers are expected to be confirmed now.German PPI: Thursday, 6:00.Current Account: Thursday, 8:00.EU Economic Summit: Thursday and Friday. Leaders of the European Union convene for ...
Draghi’s speech, inflation data in the UK and the US, Employment data in the UK, the US and Australia, Rate decision in Canada and the Eurozone as well as manufacturing data from the US. These are the top events on forex calendar. Mario Draghi speaks: Monday, 17:35. ECB President Mario Draghi will give a talk in Frankfurt. Market volatility is expected.UK Inflation data: Tuesday, 8:30. UK inflation is expected to climb higher to ...