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The US dollar enjoyed some strength thanks to the Fed’s hawkish hike. Can it continue advancing? The Fed can continue influencing currencies thanks to speeches from top Fed officials. In addition, we have housing data from the US and other events. Here are the highlights for the upcoming week. FOMC’s Dudley talks: Monday, 12:00. New York Fed President Bill Dudley is No. 3 at the Federal Reserve and usually a dove. In his speech in Plattsburgh, ...
EUR/USD was on the back foot after Draghi managed to drag the euro down and as the greenback recovered. The week ahead consists of French parliamentary elections, an important German survey, the Eurogroup meetings and more. French Parliamentary elections: Sunday, results due before markets open.German WPI: Tuesday, 6:00. A slower increase of 0.2% is projected now.German ZEW Economic Sentiment: Tuesday, 9:00.German CPI (final) ...
EUR/USD made an attempt to move higher but never went too far. The highlight of the upcoming week is the ECB decision. Will Draghi upgrade the assessment? Here is an outlook for the highlights of this week. Services PMIs: Tuesday: 7:15 for Spain, 7:45 for Italy, final French figure at 7:50, final German release at 7:55 and the final euro-zone number is published at 8:00.Retail PMI: Tuesday, 8:10.Sentix Investor Confidence: Tuesday, ...
The US dollar was on the back foot throughout most of the week as data remained mixed and speculation about the Fed decision mounts. A rate decision in Australia, the ECB’s critical decision and the UK elections stand out in the first full week of June. Here are the highlights for the upcoming week. US ISM Non-Manufacturing PMI: Monday, 14:00. A score of 57.3 is predicted now.Australian rate decision: Tuesday, 4:30. The Reserve Bank ...
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. ...
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