FOMC, UK Inflation Rate, US CPI

12 June, 2017

This week’s shaping up to be yet another mobile one on the markets. With important economic event that could effect two of the most volatile currencies of ’17; the USD and GBP – we should see some significant fluctuations in their price levels.

June 12th -  16th Most Important Economic Events

Tuesday June 12th

  • GBP – Inflation Report Hearings

Tuesday June 13th

  • GBP – Consumer Price Index for May

Wednesday June 14th

  • USD – Retail Sales for May
  • USD – Consumer Price Index Excluding Food and Energy for May
  • USD – Consumer Price Index for May
  • USD - FOMC Economic Projections – Extremely Important Event
  • USD - Fed’s Monetary Policy Statement – Extremely Important
  • USD – Interest Rate Decision – Extremely Important
  • USD – FOMC Press Conference – Extremely Important

Thursday June 15th

  • CHF – SNB Interest Rate Decision
  • CHF – SNB Press Conference
  • GBP – BoE Interest Rate Decision – Extremely Important
  • GBP – BoE Asset Purchase Facility
  • GBP - Monetary Policy Summary – Extremely Important
  • GBP – BoE MPC Vote Unchanged
  • GBP – Bank of England Minutes
  • GBP - BoE MPC Vote Hike – Extremely Important
  • GBP – BoE MPC Vote Cut – Extremely Important

Friday June 16th

  • JPY – BoJ Monetary Policy Statement
  • JPY – BoJ Interest Rate Decision
  • JPY – BoJ Press Conference

Econ-Calendar Events to Look Out For

With the recent fluctuation of the USD and GBP, traders will most likely be keeping a close eye on these instruments. This is why any events influencing these currencies (both as a currency pair but also as individual currencies) are especially significant. The US FOMC and the UK Interest Rate Decision, Monetary Policy Summary and vote to hike or cut interest rates will all inevitably send ripples into the markets. Let’s hope those ripples won’t become tsunamis.

Another significant effect that traders might be on the lookout for is a fluctuation in the so-called “safe-haven” currencies such as the Swiss Franc (CHF) and the Japanese Yen (JPY) which have economic events this week possibly affecting their prices. Although significant fluctuation is unlikely considering the reason these aforementioned currencies are considered safe-havens is due to their stability compared to the currencies of other industrialized nations, even under duress.


Source link  
Yellen's Testimony, BoC Interest Rate Hike, Big Bank Reports

Hawkish or Dovish, well today we have retrospective examples of its effect on the sentiment for a currency. In one case Yellen’s indication that national debt should be capped and that monetary policy should be gradual...

Gold Dropped as Forecasted

This is a notable day for several interrelated moves: the fall of the yen, the rise of the dollar, and the drop in precious metals. All these changes resulted ...

Deutsche Bank Derivative Loss

Although markets seemed to calm after last week’s activity, this doesn’t mean that the newsrooms are quiet. One of the big topics – is Deutsche Bank’s big derivative loss estimated at $60 million due to a risky bet placed on U.S. Inflation. According to Bloomberg.com...


Italy Commits 17 Billion Euros to Keep Veneto Banks Afloat

Italy arranged for one of the biggest bank rescues in history, with a cost of up to 17 billion euros ($19 billion) in order to wind up two failed banks in one of Italy's wealthiest regions. However, the deal- which was approved by the European Commission...

Oil in Bear Market

Yesterday we saw a continuation in the drop of oil prices, which rippled out into the markets – pulling down both US and European Stock with it. This is likely a result of fears due to the non-OPEC countries ramping up production to cover the gap left from the OPEC+ agreement to restrict production...

Brexit Update - The EU Wins Round 1

Although not an outright conflict, the discussions surrounding the Brexit talks have been at best contentious and at worse...


Economic Calendar: BoJ, ECB, US Housing

The previous week's economic calendar had the potential to destabilize some of the world's most traded currencies...

Is the USD Going Up After its Recent Drip?

The US dollar is showing signs of recovery against other major currencies, sans the GBP. After the Bank of England Meeting Minutes announced an increase of interest rates, GBP/USD prices saw a significant upswing. This resulted in GBP climbing from 1.2696 to roughly 1.2755...

US dollar saw a rapid drop

The US dollar saw a rapid drop of its price opposite other major currencies after the announcement of the less than positive and expected statistics regarding U.S. inflation and retail sales. Retail sales dipped significantly to 0.3% in May down from the 0.4% rate of the previous month...


In the past 24 hours Bitcoin has gained 6.03% and reached $6685.73133311. Open your trading account with the best cryptocurrency brokers on special terms today.

In the past 7 days the EUR/USD pair has gained 0.5919% and is now at $1.1596. Start trading and making money on Forex today.

In the past 7 days Ethereum has lost -5.71% and is now at $213.876965476. Have the most popular cryptocurrencies compared online 24/7.


Top Brokers offering Daily Forex Market Reviews


Forex Currencies Forecasts


Top 10 Forex Brokers 2018

# Broker Review
1easyMarketseasyMarkets91%
2FXTMFXTM88%
3HYCMHYCM87%
4Alfa-ForexAlfa-Forex86%
5FxProFxPro85%
6FIBO GroupFIBO Group84%
7OctaFXOctaFX83%
8HotForexHotForex82%
9FXCMFXCM80%
10AvaTradeAvaTrade77%
  


Share: