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- What to expect next week 03.07-07.07 2017
What to expect next week 03.07-07.07 2017
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Loading...This week we saw a lot of statements by the heads of the central banks.
Mark Carney said the Bank of England’s Monetary Policy Committee may need to begin raising interest rates and will debate a move in the next few months. That had positive affected the pound which is trader at around 1.3012 against the dollar.
The euro also rose this week after Mario Draghi's speech. Investors accepted his comments as a signal for tightening monetary policy and ending quantitative easing. Currently EUR is traded at levels around 1.1416 against the dollar.
Shares in the financial sector were on the rise this week, all of them successfully undergoing a stress test. Janet Yellen's comments that the banking system is much stronger than they were before the financial crisis in 2008. also added to the positivism in the sector.
The oil was trading with an increase this week, which ended a 5 weeks of losses in a row. This was due to the drop in production from the US, which dropped by 100 thousand barrels per day, the highest decline since July 2016. Today, the data showed that Baker Hughes's platforms have fallen by 2, which is also positive for black gold.
The economic data we will be following next week:
Monday:
02:30 - Australia - AIG Manufacturing Index
02:50 - Japan - Tanken Production Index
02:50 - Japan - Tankan Large Non-Manufacturers Index
04:45 - China - Caixin Manufacturing PMI
10:15 - Switzerland – Retail Sales
10:55 - Germany - German Manufacturing PMI
11:00 - EU - Manufacturing PMI
12:00 - UK - PMI in the field of production
12:00 - EU - Unemployment Rate
17:00 - USA - ISM Manufacturing PMI
Tuesday:
01:00 - New Zealand - NZIER Business Confidence
04:30 - Australia – Retail Sales
07:30 - Australia - RBA decision on interest rates
11:30 - UK - Construction PMI
Wednesday:
10:55 - Germany - German Services PMI
11:00 - EU - Services PMI
11:30 UK - Services PMI
12:00 - EU – Retail Sales
17:00 - USA - Factory Orders
Thursday:
02:50 - Japan - Foreign Investments in Japanese Stocks
04:30 - Australia - Import / Export
04:30 - Australia - Trade Balance
09:00 - Germany - Factory Orders
10:15 - Switzerland - CPI
15:15 - United States - ADP Nonfarm Employment Change
15:30 - US - Trade Balance
15:30 - Canada - Building permits
15:30 - Canada - Import / Export
15:30 - Canada - Trade Balance
17:00 - USA - ISM Non-Manufacturing PMI
18:00 - USA - Crude Oil Inventories
Friday:
08:45 - Switzerland - Unemployment rate
09:00 - Germany - German Industrial Production
10:30 - UK - Halifax House Price Index
11:30 – UK - Industrial Production
15:30 - USA - Average Hourly Earnings
15:30 - USA - Nonfarm Payrolls
15:30 - USA - Unemployment rate
17:00 - Canada - Ivey PMI
Junior Trader Stefan Panteleev
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