Economic Calendar: BoJ, ECB, US Housing

19 June, 2017

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.

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