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A very busy week saw the pound stage a recovery but erode the gains while the yen was the back foot. The upcoming week features UK Inflation and employment data, the ECB’s rate decision, US housing figures and more. These are the main events on forex calendar. UK Inflation data: Tuesday, 8:30. Analysts expect policymakers will issue economic stimulus to increase inflation. UK inflation is expected to rise 0.4% this time.German ZEW ...
Rate decision in the UK and Canada, Employment data in the US and in Australia, US Producer Prices, Inflation data, Retail sales, Consumer Sentiment. These are the main market movers on forex calendar. Canadian Rate decision: Wednesday, 14:00. July’s meeting is exactly one year after the last rate cut, down from 0.75% to 0.50%.US Crude Oil Inventories: Wednesday, 14:00.Australian Employment data: Thursday, 1:30. ...
Week Ahead: Relative Value Trades With Degrees of Separation From The Brexit Trade Credit Agricole was analysiing the Brexit situation onto the forex price movement with the taking into account the pairs with the good degrees of the separation from the Brexit trade for example: "Our preference still is for relative value trades like long AUD/NZD.""We stick with our long USD/CAD call as we maintain our constructive view on USD overall especially against G10 commodity ...
Markets continued to wobble in the post-Brexit week, with recoveries seen in many currencies. The first full week of July features the buildup to the US Non-Farm Payrolls, the Fed’s meeting minutes and key speeches among other events. These are the market movers on forex calendar. Australian rate decision: Tuesday, 4:30. Economists still expect the RBA’s move will be postponed to a later date such as June 2017.Mark Carney speaks: ...
Great Britain voted to leave the European Union. Markets yesterday bet they would stay, and now the fallout is great. Eric Wiegand, senior portfolio manager at U.S. Bank Wealth Management: "With last night’s result, that’s certainly unwinding. It caught the consensus on the wrong side yet again. Complacency had crept back into the markets."Bob Stovall, U.S. equity strategist at S&P Global Market Intelligence: "Falling prices will ...
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