Last Week Recap
The U.S dollar rose against other major currencies on Friday as the pound declined sharply after British Prime Minister Theresa May’s Conservative Party unexpectedly lost its majority in parliament in a national election.
The British Pound was sharply lower, with GBP/USD falling to 1.2634 in late trade.
The unexpected UK election result added to political risks surrounding the upcoming Brexit negotiations, which will start on June 19, 2017.
The euro has also been indirectly affected by the situation in the UK, with EURUSD falling to 1.1166 on Friday…
Next Week Forecasts
In the week ahead, global financial markets will shift their focus to central bank meetings in the U.S, U.K, Japan, and Switzerland, in addition to Chinese industrial production data…
Ahead of the coming week, here is a list of the biggest events on the economic calendar that are most likely to affect the markets Next week:
Tuesday, June 13.2017
The UK will publish its monthly inflation report.
Germany will report on its ZEW Economic Sentiment.
The U.S will produce data on producer price inflation.
Wednesday, June 14, 2017
China will release data on industrial production and fixed asset investment.
The UK will publish its monthly employment report.
The U.S will report on retail sales and inflation.
The Fed will announce its latest interest rate decision and will release its latest forecasts for economic growth and interest rates. Fed Chair Janet Yellen will hold a press conference following the rate announcement.
New Zealand will release quarterly data on the gross domestic product.
Thursday, June 15, 2017
Australia will publish its monthly employment report.
The Swiss National Bank will announce its interest rate and publish its latest monetary policy statement.
The UK will report on retail sales figures.
The Bank of England will announce its benchmark interest rate and publish a summary of its latest monetary policy statement.
Canada will release data on manufacturing sales.
The U.S will release a lot of reports, including on jobless claims, industrial production, and manufacturing activity in Philadelphia.
Friday, June 16, 2017
New Zealand will release data on manufacturing activity.
The Bank of Japan will announce its benchmark interest rate and publish its policy statement.
The euro zone will release data on consumer inflation.
The U.S will end the week with data on building permits, housing starts, and consumer sentiment.
You can follow the rest of next week’s economic events by visiting: