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.

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