Hirose News|June 23, 2014 2:28 AM

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, June 23

07:00

EUR

Manufacturing PMI (France)

07:30

EUR

Manufacturing PMI (Germany)

08:00

EUR

Manufacturing PMI

14:00

USD

Existing Home Sales

Tuesday, June 24

08:30

GBP

Inflation Report

14:00

USD

Consumer Confidence

14:00

USD

New Home Sales

Wednesday, June 25

12:30

USD

Gross Domestic Product

12:30

USD

Personal Consumption

Thursday, June 26

09:30

GBP

BOE Governor Carney Speech

12:30

USD

Initial Jobless Claims

22:45

NZD

Trade Balance

23:30

JPY

Consumer Price Index

Friday, June 27

06:45

EUR

Gross Domestic Product (France)

08:30

GBP

Gross Domestic Product

09:00

EUR

Consumer Confidence

12:00

EUR

Consumer Confidence (Germany)



Market News


GBPUSD has fallen back from the highs of 1.760 made yesterday and today as traders took profits before the weekend.  A lack of bite in the BOE's minutes has, nonetheless, increased noise for increasing rates earlier than was once thought. Watch out for Gov. Carney talking next Thursday.


The USD has come under a bit of pressure this week and the Fed seems to be taking a dovish tone to rate increases, clearly happy to keep a competitive edge. EURUSD has given up much of its recent gains today , again on profit taking but still up approximately .30% on the week.


Today USDCAD dropped over 60 pips after consumer prices came in much higher than expected as it broke through 1.0800.  These levels have not been seen since Jan 7th 2014 with target of 1.0730 firmly in its sights.


Happy Trading!

Hirose Financial UK Team