Overview for the Week Ahead

All eyes will be on the Federal Reserve this week with the FOMC decision on Wednesday. Markets are betting on a pause at this meeting. But many believe there could be further rate hikes down the line as early as July. In recent speeches, that officials have been split on whether the central bank should continue its path of rising rates.

On top of the fed decision, it’s a busy week on the economic calendar. We will be getting the latest readings on inflation, both the consumer and producer price indexes. Other checks on the consumer are due as well. Both retail sales and consumer sentiment will be released.

No surprises are expected from the European Central Bank or Bank of Japan this week, with markets widely expecting the ECB to hike and stay hawkish, and the BOJ to stick to its ultra-loose monetary policy.

Have your trading charts ready for a very busy week!

This Week’s High Impact Events

The times below are GMT +3.

Monday 12^th June

• 20.01 – US – 10-Year Bond Auction

Potential instruments to Trade: USD Crosses. 

Tuesday 13^th June

• 09.00 – UK – Claimant Count Change

Potential instruments to Trade: GBP Crosses. 

• 12.00 – Europe – German ZEW Economic Sentiment

Potential instruments to Trade: EUR Crosses. 

• 15.30 – US – CPI m/m, CPI y/y, Core CPI m/m

Potential instruments to Trade: USD Crosses. 

• 17.00 – UK – BoE Gov Bailey Speaks

Potential instruments to Trade: GBP Crosses. 

Wednesday 14^th June

• 09.00 – UK – GDP m/m

Potential instruments to Trade: GBP Crosses. 

• 15.30 – US – Core PPI m/m, PPI m/m

Potential instruments to Trade: USD Crosses. 

• 21.00 – US – FOMC Economic Sentiment, FOMC Statement, Federal Funds Rate

Potential instruments to Trade: USD Crosses. 

• 21.30 – US – FOMC Press Conference

Potential instruments to Trade: USD Crosses. 

Thursday 15^th June

• 01.45 – New Zealand – GDP q/q

Potential instruments to Trade: NZD Crosses. 

• 04.30 – Australia – Employment Change, Unemployment Rate

Potential instruments to Trade: AUD Crosses. 

• 05.00 – China – Industrial Production y/y

Potential instruments to Trade: CNY Crosses. 

• 15.15 – Europe – Main Refinancing Rate, Monetary Policy Statement

Potential instruments to Trade: EUR Crosses. 

• 15.30 – US – Core Retail Sales m/m, Empire State Manufacturing Index, Retail Sales m/m, Unemployment Claims, US Philly Fed Manufacturing Index

Potential instruments to Trade: USD Crosses. 

• 15.45 – Europe – ECB Press Conference

Potential instruments to Trade: EUR Crosses. 

Friday 16^th June

• Tentative – Japan – Monetary Policy Statement, BoJ Policy Rate, BoJ Press Conference

Potential instruments to Trade: JPY Crosses. 

• 14.45 – US – FOMC Member Waller Speaks

Potential instruments to Trade: USD Crosses. 

• 17.00 – US – Prelim UoM Consumer Sentiment

Potential instruments to Trade: USD Crosses. 

If you have any questions or require any assistance, please contact one of our support team members via our Live Chat or email [email protected].

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