Last week USD back strengthened versus all major currencies with an index number that penetrates 97.50 USD, the highest since March. The strengthening of the greenback mainly due to the possibility of adding the stimulus of the BoJ and the weakening manufacturing data United Kingdom and Germany ZEW economic sentiment index. Oil prices back down causing CAD weakens and cue the possibility of cutting interest rates such that RBA RBNZ and also on the minutes of the meeting released last week also makes both the commodity currencies slumped.
The focus this week is the FOMC meeting and of the BoJ meeting. While Mario Draghi ECB still waiting for evidence of weakening Eurozone economies due to Brexit before taking the action, The Fed also have not estimated will change interest rates at the meeting this time that is not accompanied by a press conference. However, because this July was the first post-war meeting Brexit then the market focus will be on the FOMC statement to see to what extent the impact of Brexit against the U.S. economy and the possibility the central bank maintain interest rates until the end of this year given the November later there will be the U.S. presidential election.
In the meantime of the BoJ is expected to cut interest rates see from-0.1% to-0.2% at the meeting later Friday which coincides with Japan's inflation data release in June. The consensus of the market also predict that Japan's central bank will raise the motivation from ¥ trillun to ¥ 80 85 trillion a year amid speculation of the existence of ' helicopter money. ' If it is not in accordance with the estimated JPY can be strengthened and returned to the level of 100.00 versus USD.
Important fundamental data also became the focus of the market this week is the Advance U.S. GDP, the GDP of the United Kingdom and of a Preliminary Flash GDP Eurozone quarter to 2 this year. Other important data is inflation Germany, Eurozone and Germany IFO index, Australia, Canada, New Zealand trade GDP, Durable Goods Orders, the U.S. consumer confidence index of the US version of CB, New U.S. Home Sales and Jobless Claims.
Monday, July 25, 2016:
06:50 pm: Japan trade balance data June 2016
15:00 GMT: Germany's business confidence index version IFO July 2016
Tuesday, July 26, 1999:
05:45 pm: New Zealand trade balance data June 2016
06:30 pm: home buying credit data in the United Kingdom in June 2016
07:00 pm: housing price index US Standard version & Poor/Case-Shiller Composite-20 may 2016
07:00 pm: the US consumer confidence index version Conference Board (CB) in July 2016
11:00 am EST: U.S. New Home Sales data for June 2016
Wednesday, Juli 27, 2016:
12:30 pm: the data Consumer Price Index (CPI) 2nd quarter Australia 2016
12:00 pm EST: consumer confidence index Gfk Germany version in July 2016
04:00 pm: M3 Money Supply data for the Euro area June 2016
06:30 pm: Preliminary Gross Domestic Product data (GDP) United Kingdom 2nd quarter 2016
06:30 pm: Durable Goods Orders data U.S. June 2016
07:00 pm: the US Pending Home Sales data for June 2016
06:30 pm: the crude oil inventories data for the industry in the U.S. per 22 July 2016
Thursday, July 28, 2016:
01:00 pm: results of the FOMC meeting: announcement of interest rates The Fed in July 2016 and the FOMC statement
12:00 pm: index of housing prices in the United Kingdom version of the Nationwide July 2016
12:55 pm: the data the number of job seekers in Germany in July 2016
07:00 pm: Preliminary data of the Consumer Price Index (CPI) Germany July 2016
06:30 pm: Jobless Claims data AS per July 22, 2016
Friday, July 29, 2016:
06:30 pm: National data CPI Japan June 2016 and Tokyo Core CPI in July 2016
06:50 pm: Retail Sales data Japan June 2016
08:00 pm: New Zealand business confidence index version ANZ July 2016
Tentative timing: the results of a Bank of Japan meeting (of the BoJ): interest rate announcement in July 2016 and statement of the BoJ Monetary policy
12:00 pm: of the BoJ's Outlook Report
Tentative timing: press conference attended by Governor of the BoJ Haruhiko Kuroda
12:00 pm: KOF Economic Barometer index Switzerland July 2016
05:00 pm: CPI Flash Estimate data for the Euro area in July 2016
15:00 GMT: the Euro area GDP Flash data 2nd quarter 2016
06:30 pm: U.S. GDP data Advance to quarter 2 2016
06:30 pm: Canada GDP data may 2016
11:00 am EST: consumer confidence index of the US version of the University of Michigan (UoM) July 2016 (Final).
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