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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. ...
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 ...
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