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Weekly Outlook: 2017, July 09 - July 16 The US dollar recovered across the board in a busy start to the second half of the year. Apart from further reactions to the NFP, we have all-important inflation, consumption data, and Janet Yellen’s testimony. US JOLTS Job Openings: Tuesday, 14:00. The Fed has highlighted this report in the past, giving it importance despite the lag.UK jobs report: Wednesday, 8:30. In May, jobless ...
Weekly AUD/USD Outlook: 2017, July 02 - July 09 AUD/USD reversed directions last week and gained 110 points. The pair closed at 0.7683. This week’s key indicators are Retail Sales and the RBA rate statement. AIG Manufacturing Index: Sunday, 19:30MI Inflation Gauge: Sunday, 21:00. The indicator provides analysts with a monthly look at inflation, as CPI is released each quarter. In May, the indicator softened to 0.0%, ...
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 ...