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The US dollar was on the back foot on political and mostly monetary issues. Is this just a setback or can we expect further falls? The upcoming week features a mix of events from all over the world. Chinese GDP: Monday, 2:00. China is the world’s No. 2 economy. and demand from the economic giant has a huge impact on the rest of the world. Note that China also releases industrial output, fixed asset investment, and retail sales at the ...
EUR/USD took another step forward, but could not hold onto the highs. What’s next? The big event on the agenda is undoubtedly the ECB meeting. Here is an outlook for the highlights of this week. Final CPI: Tuesday, 9:00. According to the initial figures, the consumer price index rose by 1.3% y/y in June and core CPI advanced by 1.1%. Both figures were better than expected and both will likely be confirmed in the final read, even though ...
Dollar/yen attempted to move above the cycle high but was rejected. On its way down, it lost the uptrend line of support. The drivers were both political and monetary. The upcoming week features housing data from the US: building permits and housing starts. Also, watch the Philly Fed Manufacturing Index. Echoes from Yellen’s testimony and the inflation report will likely reverberate.In Japan, we have a rate decision by the BOJ. Kuroda ...
Weekly USD/JPY Outlook: 2017, July 09 - July 16 Dollar/yen advanced for the fourth week in a row, extending the rise alongside the uptrend support line. Can it continue further to the upside? It is getting closer to the cycle high of 114.30 and the steep uptrend could be hard to sustain. The upcoming week begins with echoes from the Non-Farm Payrolls report and also the G-20 Summit, including the first meeting between ...
Weekly EUR/USD Outlook: 2017, July 09 - July 16 EUR/USD corrected its previous gains and dropped within the range. What’s next? The upcoming week features a mix of trade, industrial output, and inflation figures. German Trade Balance: Monday, 6:00. The surplus reached 19.8 billion euros in April. The data for May will likely be similar.Sentix Investor Confidence: Monday, 8:30.Industrial Production: Wednesday, 9:00. ...
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