- Home
- >
- Fundamental Analysis
- >
- What to expect in the next week July 10-14, 2017
What to expect in the next week July 10-14, 2017
Rating:
Loading...U.S. stocks rebounded from the biggest selloff since May, while Treasuries fell after unexpectedly strong hiring data bolstered confidence in the American economy, underscoring the Federal Reserve’s case for raising interest rates. Crude fell below $45 a barrel.
Broad-based payroll gains that topped estimates boosted sentiment amongequity investors a day after stocks suffered the biggest drop in six weeks. Gains were strongest among tech shares that have been whipsawed between gains and losses in recent days. The Bloomberg Dollar Spot Index was flat as tepid wage growth stoked concern that inflationary pressure remains weak. The 10-year Treasury yield climbed to 2.39 percent. Gold futures fell.
What economic data to expect in the next week:
Monday:
02:50 JPY - Current Account
04:30 CNY - CPI and PPI
09:00 EUR -German Trade Balance
Tuesday:
01:45 NDZ - Electronic Card Retail Sales
02:01 GBP - BRC Retail Sales Monitor
04:30 AUD - Home Loans
04:30 AUD - NAB Business Confidence
11:16 CAD - Housing Starts
17:00 САЩ - JOLTs Job Openings
Wednesday:
03:30 AUD - Westpac Consumer Sentiment
07:30 JPY - Tertiary Industry Activity Index
11:30 GBP - Average Earnings Index +Bonus
11:30 GBP - Unemployment Rate
12:00 EUR - Industrial Production
17:00 CAD - BoC Interest Rate Decision
17:30 USA - Crude Oil Inventories
18:15 CAD - BoC Gov Poloz Speaks
21:00 USA - Beige Book
Thursday:
02:01 UK - RICS House Price Balance
09:00 EUR - German CPI
09:45 EUR - French CPI
10:15 CHF - PPI
11:10 CNY - Import / Export
11:11 CNY - Trade Balance
15:30 USA - PPI
15:30 CAD - New Housing Price Index
21:00 USA - Federal Budget Balance
Friday:
01:30 NDZ - PMI
07:30 JPY - Industrial Production
12:00 EUR - Trade Balance
15:30 USA - CPI
15:30 USA - Retail Sales
16:15 USA - Industrial Production
17:00 USA - Business Inventories
17:00 USA - Michigan Consumer Sentiment and Expectations
EUR - The euro remained unchanged this week against the dollar. The loosened policy of the ECB has had a negative impact on the currency, so it has fallen towards some of its crosses. EUR/USD reached a key level of resistance, and we will likely see a pair decline in the next week.
JPY - This week the yen was among the weakest currencies, falling by more than 1% against the dollar for the week which is the biggest drop since the end of April. The rate at which the Bank of Japan is buying corporate bonds has risen to the highest since December 2015, which has negatively affected the Japanese currency. We stay long on USD/JPY.
AUD - The Australian currency remained among the weaker ones this week. The RBA's statement as well as worse economic data from the country have negatively affected the currency. Short positions against the Australian dollar remain in place.
Jr Trader Ivan Ivanov
Varchev Traders Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
