Most important from the upcoming week

06.06.2016 / 05:26

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1. FED Janet Yellen speaking

On Monday, the attention of market participants will be onto the statement by Federal Reserve Chairman Janet Yellen inPhiladelphia at 19:30 on monetary policy and the Fed's outlook on the US economy. After disappointing data on Friday, the possibility of increase in interest rates in June has become obsolete so everybody will be looking for signals of when it is most likely to happen.

2. Michigan University consumer sentiment

On Friday at 17:00 will be published University of Michigan consumer confidence index. It is an important indication of the health of the US economy.

3. Trade Balance of China

Recent data from China were hesitant and again raised questions about the slowdown of the second largest economy in the world. The data will be announced on Wednesday, with no specified time. The forecast is for 358 billion as better data will be supporting risk sentiment on and worse data will provoke investors to seek safe heavens in the yen and gold.

4. RBA interest rates

The data will be announced on Tuesday at 7:30 in the morning. The forecast is for no further reduction from the current 1.75 percent after a consequence of positive economic data from last week.

5. New Zealand monetary policy

On Thursday at 00:00 will be the RBNZ decision on interest rates and monetary policy. The forecast is for a reduction of 25 basis points to 2%. This would have a negative influence over the NZD, which gained a lot in recent weeks.

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Most important from the upcoming week

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