What to expect last week of the month

GBP current account data for the British economy will be published on Thursday. The positive balance (surplus) means that foreigners are buying more of the domestic currency to execute transactions in the country, but forecast the current account will have a negative value. Probably will end the week of tense pounds as expected data on manufacturing PMI and PMI in the construction sector.

EUR If only depend on the economic data calendar for the Eurozone, the euro and European indexes will have a relaxing week. In the middle of the week will be published CPI and unemployment rate in the Eurozone. Do not expect significant differences with data from the previous period, which is unlikely to have an impact on European markets

USD per dollar and US indices this week will not pass lightly. On Tuesday, consumer confidence will spoil the mood of the US market if the forecasts are confirmed, the expected negative difference of 4 points compared to the previous period. On Wednesday, with great care will be monitored statement Janet Yellen. At the end of the week the dollar will likely be supported by employment in the agricultural sector, the data are expected to be nearly 30 thousand. More

CAD data for gross domestic product of Canada will be published on Wednesday. The small growth that is expected is possible to boost the Canadian dollar.

JPY In the middle of the week will likely be quite exciting. That day is also awaited data on retail sales in Japan, is forecast to rise in August. On Friday, household spending is likely to support the yen against major competitors and the expectations are for a small increase.

CNY Last week data for the Chinese economy, which published a strong influence on financial markets, especially on the currencies of countries dependent on China. On Thursday will come out data on PMI, with significant differences to the previous period, the market with higher volatility.

E.Dimitrov JrTrader