Hirose News|July 14, 2014 12:00 PM

Some announcements that may impact the markets this week


Big news for this week!


Below are some announcements that may impact the markets this week:


GMT

Monday, July 14

04:30

JPY

Industrial Production

09:00

EUR

Industrial Production

17:00

EUR

ECB Draghi's Speech

Tuesday, July 15

01:30

AUD

RBA Meeting Minutes

n/a

JPY

BoJ Monetary Policy

08:30

GBP

Consumer Price Index

09:00

GBP

BoE Carney Speech

09:00

EUR

ZEW Economic Survey

12:30

USD

Retail Sales

22:45

NZD

Consumer Price Index

Wednesday, July 16

02:00

CNY

Gross Domestic Product

08:30

GBP

Average Earnings / Unemployment Rate

12:30

USD

Producer Price Index

14:00

CAD

BoC Interest Rate Decision

14:30

CAD

BoC Monetary Policy Report

18:00

USD

Fed's Beige Book

Thursday, July 17

01:30

AUD

NAB Business Confidence

09:00

EUR

Consumer Price Index

12:30

USD

Initial Jobless Claims

Friday, July 18

12:30

CAD

Consumer Price Index

13:55

USD

Consumer Sentiment Index

14:00

USD

CB Leading Indicator



The Canadian employment figures seemed to disappoint today as USDCAD jumped from below 1.0650 to over 1.0685 and now has climbed to 1.0720 and holding.  Global confidence for a sustained recovery has been dented recently and this is just another nail.


The Aussie has also taken a bit of a tumble against the greenback after RBA's president Steven's comments of 'no particular view on interest rate speculation and intonating a downturn in the market within ten years.


Global markets got a taste of the 'old days' as Portugal's Banco Espirito Santo suspended shares after an affiliate delayed payments on some debt.  The knock on effect to 'risk-off' trading sent judders around the market.  Weak data from France and Italy still has implications for the Euro.