This week investors' attention should be focused on the ECB Interest Rate Decision as well as inflation data in leading countries. Rising inflation is always a reason for the central bank to tighten monetary policy, so high inflation is very often accompanied by an increase in the national currency. The European Central Bank is meeting on Thursday and the bank is expected to raise rates for the first time in a decade. The earning season is gaining momentum in the United States and Europe. Several blue chips are due to report this week. Traders should also keep a close eye on the oil market. According to preliminary information, US President Joe Biden has agreed with the Crown Prince of Saudi Arabia Mohamed Bin Salman to pump more oil, so oil prices could be very volatile this week.
- - New Zealand Consumer Price Index (q/q) at 01:45 (GMT+3).
- – Australia RBA Meeting Minutes (m/m) at 04:30 (GMT+3);
- – UK Average Earnings Index (m/m) at 09:00 (GMT+3);
- – UK Claimant Count Change (m/m) at 09:00 (GMT+3);
- – UK Unemployment Rate (m/m) at 09:00 (GMT+3);
- – Eurozone Consumer Price Index (m/m) at 12:00 (GMT+3);
- – US Building Permits (m/m) at 15:30 (GMT+3);
- – UK BoE Gov Bailey Speaks at 20:45 (GMT+3).
- – Australia RBA Governor Lowe Speaks at 02:10 (GMT+3);
- – UK Consumer Price Index (m/m) at 09:00 (GMT+3);
- – Canada Consumer Price Index (m/m) at 15:30 (GMT+3);
- – US Existing Home Sales (m/m) at 17:00 (GMT+3);
- – US Crude Oil Reserves (w/w) at 17:30 (GMT+3).
- – BoJ Outlook Report at 06:00 (GMT+3);
- – BoJ Interest Rate Decision at 06:00 (GMT+3);
- – BoJ Press Conference at 06:00 (GMT+3);
- – Eurozone ECB Monetary Policy Statement at 15:15 (GMT+3);
- – Eurozone ECB Interest Rate Decision at 15:15 (GMT+3);
- – US Initial Jobless Claims (w/w) at 15:30 (GMT+3);
- – US Philadelphia Fed Manufacturing Index (m/m) at 15:30 (GMT+3);
- – Eurozone ECB Press Conference at 15:45 (GMT+3);
- – US Natural Gas Storage (w/w) at 17:30 (GMT+3).
- – Australia Manufacturing PMI (m/m) at 02:00 (GMT+3);
- – Japan National Core Consumer Price Index at 02:30 (GMT+3);
- – UK Retail Sales (m/m) at 09:00 (GMT+3);
- – Eurozone France Manufacturing PMI (m/m) at 10:15 (GMT+3);
- – Eurozone France Services PMI (m/m) at 10:15 (GMT+3);
- – Eurozone German Manufacturing PMI (m/m) at 10:30 (GMT+3);
- – Eurozone German Services PMI (m/m) at 10:30 (GMT+3);
- – Eurozone Manufacturing PMI (m/m) at 11:00 (GMT+3);
- – Eurozone Services PMI (m/m) at 11:00 (GMT+3);
- – UK Manufacturing PMI (m/m) at 11:30 (GMT+3);
- – UK Services PMI (m/m) at 11:30 (GMT+3);
- – Canada Retail Sales (m/m) at 15:30 (GMT+3);
- – US Manufacturing PMI (m/m) at 16:45 (GMT+3);
- – US Services PMI (m/m) at 16:45 (GMT+3).
by 2022.07.18
, We advise you to get acquainted with the daily forecasts for the major currency pairs.This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.
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