Forex: Weekly outlook 24-28 June

on Jun 24, 2013
Listen

**Monday**

Released at 05.00 BST today, New Zealand credit card spending for May y/y showed a rise by 2.4 percent.
From Germany at 09.00 BST are due June’s IFO business climate, current assessment and expectations reports. Also at that time Italy’s June consumer confidence is to be revealed, to be followed at 10.00 BST by details of the country’s May trade balance.

Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.

13.30 BST will see out the Chicago Fed’s national activity index for May, followed at 15.30 BST by the Dallas Fed’s manufacturing business index for June.
**Tuesday**
The Bank of England Governor and members of the central bank’s Monetary Policy Committee are scheduled to appear at the parliamentary inflation report hearings. The British Bankers’ Association is to announce the latest UK mortgage approvals.

At 13.30 the US May core durable goods orders report is scheduled for release. The S&P/CS Composite-20 HPI y/y for April is due out at 14.00 BST.
Also from the US on Tuesday will be the June CB consumer confidence and May new home sales reports.
Japan’s CSPI for May y/y is due out Tuesday and is expected to show growth of 0.1 percent.
Start Trading in less than 60 seconds >>

The most profitable forex pairings on the most profitable binary options platform.
Open Your Free Live Account Today. http://option.go2jump.org/SHe8x

**Wednesday**
The Swiss UBS consumption indicator for May is due for release at 07.00 BST.
ECOFIN meetings are to be held during the day.
The Gfk German consumer confidence survey, due out at 07.00 BST, is forecasted to grow to 6.6 points from the prior 6.5 points.

From the UK on Wednesday, the BoE financial stability report, June CBI realized sales data and HM Treasury government spending review are scheduled for release.
Due out at 13.30 BST, the US Q1 final GDP is expected to match the prior 2.4 percent rise. At 15.30 BST will be announced the latest US crude oil inventories.
At 23.45 BST, the New Zealand trade balance will be announced.
**Thursday**
The ANZ New Zealand business confidence report for June is to be released at 02.00 BST.
Also scheduled for release during Asian trading is a report on Japan’s all-industries activity in April.
German unemployment change for May is due out at 08.55 BST, with expectations for a rise by 6,000.
During the day, the European Central Bank is set to report on the May M3 money supply.
Sterling may be influenced by the Q1 reports to be released during the day on the UK’s current account and final GDP.
Thursday sees the start of a two-day EU economic summit, with the agenda including economic policies, the EU’s economic and monetary union, deficit targets, youth employment, measures for boosting jobs, growth and competitiveness, and banking union.
Last week’s US unemployment claims report, due out this day, is expected to show a lower reading than previously.
The Swiss National Bank’s quarterly bulletin is due to be published.
**Friday**
Gfk’s UK consumer confidence report is scheduled for release today and is expected to show a rise in June to -21 point from the prior -22 points. The June nationwide HPI is forecasted to grow by 0.4 percent. April’s index of services is expected to increase by 0.2 percent.
Out of Japan will come reports on June manufacturing PMI, May household spending, June Tokyo core CPI, May unemployment rate, May preliminary industrial production and May retail sales.
Also on Friday:
– Australian private sector credit for June.
– Germany’s May retail sales and preliminary June CPI.
– Canada’s April GDP, May RMPI and May IPPI.
– The Chicago PMI for June and the revised June University of Michigan consumer sentiment also for June.
– The second day of the EU economic summit.
Finally, the Swiss KOF economic barometer due out Friday is expected to rise to 1.21 points in June, from the prior 1.10 points.

Ad

Want easy-to-follow crypto, forex & stock trading signals? Make trading simple by copying our team of pro-traders. Consistent results. Sign-up today at Invezz Signals.

Learn more
AUD CAD CHF GBP NZD USD Forex