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19 Jul

Forex Key News For Traders

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Forex Key News for Traders on Week 29, 2016

Significant News for EURUSD, GBP, AUD, NZD & JPY

EURUSD

German ZEW Economic Sentiment: This analysis has shown a jump in business sentiment in last June, but that was pre-Brexit. From the level of 19.2 we might see a fall for the new report for this month July to 8.2 points. A fall to negative floor cannot be ruled out. The all European numbers stood on 20.2 points & is expected to slide to 12.3 points.
German PPI: On Wednesday @ 6:00. The biggest country in the euro-zone saw producer prices rising by 0.4 percent m/m back in earlier May. A rise of 0.2 percent is predicted now.
Current Account: Wednesday, @ 8:00. German exports mostly to thanks, the euro-area’s present account is positive. The surplus was exceptionally expanded in April: 36.2 billion Euros. A return to earlier levels might be notice in May: 24.9 billion Euros.
Consumer Confidence: Wednesday, 14:00. Euro-stat official survey stands stable at -7 points back in last month. Still again, this was pre-Brexit. It will be surprising to see if belief additional slides in negative ground. -8 are expected.
Rate Decision: On Thursday, 11:45, In the June press conference at 12:30. Last meeting, the ECB statement on its corporate bond buying scheme & also the fresh TLTROs but did not modify policy. At present the main lending rate is predicted to stay unmodified at 0 percent, the deposit rate at -0.4 percent & the QE plan at 80 billion per month. Risks from Brexit & the ongoing less inflation trouble the ECB. QE program might run into trouble with low eligible capitals to buy. By the intention of rush to safe haven capitals, some bonds are deep in negative zone. Has the ECB run out of capitals to buy? This is the key questions. One more topic will be the trouble in Italian banks. No fresh forecasts are published this time & the ECB is likely to burden from any big announcements. Anyhow, they do want a less exchange rate & this might result in departs the door unlock for more stimulus in the upcoming.
Flash PMIs: Freaky Friday morning: @ 7:00 France, 7:30 Germany & 8:00 the entire euro-zone. These are preliminary figures for July & they already impact Brexit risks. According to Markit, two of France’s sector was in contraction area in June: 48.3 for manufacturing. A 48.1 score is predicted currently. Services saw 49.9 & 49.6 is on the slot at present. 50 is the threshold comparison for contraction & expansion. Germany had good outcome with 54.5 in manufacturing with a fell down to 53.6 likely at present. 53.7 in services back in last June will likely be after by 53.3 points now. The entire euro-zone saw 52.8 for the two. Manufacturing is put to drive to 52.1 & services to 52.3 points.

GBP - Great Britain Pound

CPI: Tuesday, 8:30. CPI is the fundamental gauge of consumer inflation, and is nearly tracked by the BoE. The data has been stable, posting four advance of 0.3 percent in the last 5 months. For the June reading is predicted to edge up to 0.4 percent.
PPI Input: Tuesday, 8:30. This significant manufacturing indicator placed an excellent gain of 2.6 percent in May, well over expectations. The estimate for the last June report remains at 0.9 percent.
RPI: Tuesday, @ 8:30. RPI includes housing costs, which are ignored from the CPI report. The index set an improved to 1.4 percent in last May, within anticipations. The markets place are estimating a same reading June.
BOE Deputy Governor Ben Broadbent Statement: Tuesday. 14:05. Broadbent will testify previously the Economic Affairs Committee. A statement which is more hawkish than predicted is bullish scenario for GBPUSD pair.
Average Earnings Index: Wednesday, 8:30. Employment indicator measures modify in wage growth. The data has posted 2 straight gains of 2.0 percent and predict for May remains at 2.3 percent.
Claimant Count Change: Wednesday, same 8:30. A key indicator can have a solid impact on the movement of GBPUSD pair. The indicators place a negligible loss of 0.4 thousand in last May, by the intention of expectations. The markets places are braced for a weak review of 4.1 thousand in this June.
Retail Sales: Thursday, 8:30. Retail Sales is the initial gauge of consumer spending & should be considered as a market-mover. The indicator set a gain of 0.9 percent in May, well over the forecast of 0.3 percent. The market places are braced for a downturn in this June, with an estimate of -0.4 percent.
Public Sector Net Borrowing: Thursday, 8:30. The shortfall jumped to GBP 9.3 billion in this May, reaching a six-month high. The estimate for the June review remains at GBP 9.3 billion.
Manufacturing PMI: Freaky Friday, 8:30.The key event of this week wraps up. The indicator grows to 52.1 points in this June, taken out the forecast of 50.0 points. This was the indicator’s solid in 5 months. The market places are braced for a contraction in the next reading, by means of an estimate of 49.0 points.

AUD-Australian Dollar

RBA Monetary Policy Meeting Minutes: Tuesday, 1:30. It is the significant event of the week. The minutes give data’s of last week’s policy meeting, where the RBA held the standard rate at 1.75 percent.
MI Leading Index: Wednesday, 00:30. The indicator has been stable, posting 2 straight gains of 0.2 percent.
NAB Quarterly Business Confidence: Thursday, 1:30. The indicator is based every single quarter, magnifying the shock of each publish. The index has recorded to consecutive improves of plus-4, which points to gaining conditions. The markets place will be hoping for one more solid reading in second quarter this year.

NZD- New Zealand Dollar

GDT Price Index: Tuesday, Throughout the European afternoon. The Global Dairy Trade gives a bi-weekly snapshot regarding the situation of New Zealand’s key export: milk. The last auction saw a few drop of 0.4 percent. All in all, new months have shown strength.
Visitor Arrivals: Wednesday, 22:45. Tourism also performs a role in the New Zealand economy. A rise of 0.1 percent was shown in May & a few modify might be seen now.
Credit Card Spending: Thursday, 3:00. By means of the retail sales released only once for each quarter, this publication gives some additional data. A rise of 5.9 percent y/y was shown last time, & a lesser growth rate is on the slots now.

JPY- Japan

All Industries Activity: Thursday, 4:30. This index measures the change in goods & services earned by the business sector. In April, the indicator set a solid gain of 1.3 percent, matching an expectation. This marked a three-month high. The market places are braced for a downturn in this May, with an estimate of -1.0 percent.
Flash Manufacturing PMI: Friday, 2:00. The index has historic four consecutive reduces, marking to ongoing contraction in the manufacturing sector. The June review was almost unmodified at 47.8 points, shy of expects of 48.2 points. The anticipation for the July report remains at 48.3 points.

*All Times are in GMT

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