Economic Calendar: BoJ, ECB, US Housing

19 June, 2017

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 – USD which saw a bolstering of its price against other major currencies due largely to the FOMC’s hawkish interest rate hike and GBP which also saw a bit of a boost due to the June 15th vote to keep interest rates unchanged, quieted the minds of traders that feared instability of the pound due to the elections. Of course the raise in the GBP price might have been compounded or assisted by the same thing traders feared: the outcome of the UK Elections – which created a hung parliament that could result in a “softer” Brexit.

Although both JPY and CHF had significant economic events last week (Monetary Policy and Interest rate decisions), both remained true to their “safe-haven” status, showing stability as the global markets fluctuated in waves.

This week’s economic calendar doesn’t seem as though it will be as active and densely populated with important economic events as last week – none-the-less there are multiple events that might still effect markets and of relative significance to traders.

Economic Calendar Events - June 19th to June 23rd

June 19th

EUR - German Buba President Speech

June 20th

AUD – House Price Index (QoQ)
AUD – House Price Index (YoY)
AUD – RBA Meeting’s Minutes
USD – Fed Monetary Policy Report
JPY – BoJ Monetary Policy Meeting Minutes

June 21st

JPY – All Industry Activity Index (MoM)
EU – Non-Monetary Policy’s ECB Meeting
GBP – Public Sector Net Borrowing
CHF – SNB Quarterly Bulletin
NZD – RBNZ Interest Rate Decision
NZD – RBNZ Rate Statement
JPY – Foreign Bond Investment
JPY – Foreign Investment in Japan Stocks

June 22nd

EUR - Economic Bulletin
USD – Initial Jobless Claims
USD – Housing Price Index (MoM)
USD – Consumer Condidence

June 23rd

EUR – Markit Manufacturing PMI
EUR – Markit PMI Composite
EUR – Markit Services PMI
EUR – Markit Manufacturing PMI  
EUR – Markit PMI Composite
EUR – Markit Services PMI
CAD – Bank of Canada Consumer Price Index Core (MoM)
CAD – Bank of Canada Consumer Price Index Core (YoY)
CAD – Consumer Price Index (MoM)
CAD – Consumer Price Index (YoY)
USD – Markit Manufacturing PMI
USD – Markit PMI Composite
USD  - Markit Services PMI
USD – New Home Sales (MoM)
USD - New Home Sales Change (MoM)

Again, as I mentioned above this week’s events are of relatively moderate significance – but could still have the potential to change traders confidence. Inevitably eyes will most likely remain turned towards the West – focusing on both the USD and GBP.


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...


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...

What will FOMC Announce Today?

Markets already seem to be responding to the optimistic speculation that the Federal...

  


Share: