The schedule of Economic News & Event of the week! by JustForex’s Market Analysis team

July 17, 2017

JustForex's financial analysts have summarized the Economic News of the week.

The schedule of Economic News & Event of the week! by JustForex’s Market Analysis team

Today, JustForex’s team of financial analysts has prepared a new review of events in the upcoming week. These events can significantly affect the Forex market. Choose and track the ones that are most important to you.

Last week, Yellen, the Fed Chairman, said that the gradual tightening of the monetary policy would be justified. At the same time, the head of the Central Bank did not tell the exact terms for raising the interest rate. The key factor should be the level of inflation. On Friday, July 14, the weak economic reports from the United States were published. In June, the basic indices of consumer prices and retail sales were 0.1% and -0.2%, respectively. At the moment, the probability of an increase in the Fed interest rate in December this year fell to 43.1%.

In the upcoming trading week, we recommend you to pay attention to the following events.

July 17th, Monday

On Monday, the reports on GDP and the volume of industrial production in China will appear at 05:00 (GMT+3:00).

At 12:00 (GMT+3:00) Eurostat will publish data on inflation in the Eurozone.

July 18th, Tuesday

On Tuesday, the following economic reports will be in the focus of attention:

  • New Zealand consumer price index at 01:45 (GMT+3:00).
  • The minutes of the meeting on the monetary policy of the Reserve Bank of Australia at 04:30 (GMT+3:00).
  • Statistics on inflation in the UK at 11:30 (GMT+3:00).
  • Economic sentiment indices from ZEW in Germany and the Eurozone at 12:00 (GMT+3:00).

At 16:00 (GMT+3:00) the head of the Bank of England, Carney, will hold a press conference.

July 19th, Wednesday

On Wednesday, a number of statistics on the real estate market in the US will be published at 15:30 (GMT+3:00).

At 17:30 (GMT+3:00) a report on the crude oil inventories in the US will be released. This statistics can have an impact on the dynamics of the commodity currencies.

July 20th, Thursday

On Thursday, the news background will be eventful with important economic reports. There will be meetings of the Bank of Japan and the ECB. At the moment, most experts believe that regulators will leave interest rates unchanged at -0.10% and 0.00%, respectively.

At the same time, it is necessary to pay attention to the comments of the Central Banks representatives.

  • The following economic reports will also be published.
  • Statistics on the labor market in Australia – 04:30 (GMT+3:00).
  • Publication of data on retail sales in the UK – 11:30 (GMT+3:00).
  • The index of production activity from the Federal Reserve Bank of Philadelphia – 15:30 (GMT+3:00).

July 21st, Friday

On Friday, Statistics Canada will publish reports on inflation and retail sales at 15:30 (GMT+3:00).

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