Fx opening rates on Sunday 29.07.2018
First of all my thoughts and sympathy go to all suffering from the disasters some foolish pyromaniacs and Mother Nature are throwing at the world.
I hope all of you had a safe and peaceful weekend.
Welcome to another week packed with events capable of making the money flow around in abundance again.
First some weekend press:
-Mnuchin calls for 3% US growth over the next 4-5 yrs.
-Trump ready to let the government shutdown if democrats don’t support the Mexican wall and other immigration changes.
-Turkey’s Erdogan ready to face and stand its ground against US sanctions.
-Australia’s government loses important by-elections, risking Turnbull’s re-election chances come May 2019
-EU, Japan, Mexico, Canada, South Korean carmakers meet in Geneva on 31st July to discuss possible coordination against US car tariff threats.
-Bank Of Japan between a rock and hard place .
The main events up this week then, get ready, it’s BIG one:
For a full list of goodies, click here
-Germany releases preliminary inflation data
-UK produces lending data
-Italy’s Conte visits Trump
-UK Jeremy Hunt
-BOJ. It will be really interesting that one. Expecting wobbles in the advent of.
– UK bank earnings
-China is to release data on manufacturing and service sector data.
-The Euro zone preliminary inflation data
-Canadian GDP and inflation.
– U.S.:personal spending and the Fed’s preferred inflation measure, the core PCE price index, consumer sentiment.
-New Zealand is to publish its latest employment report.
– UK: manufacturing sector activity.
-U.S., the ADP report,Manufacturing PMI and the ISM manufacturing data
-FED Interest rate decision( zero exp) and FOMC statement
-Australia trade data for June
– BOE interest rate decision( 80% chance of 25bps hike) followed by Carney’s press conference
-US factory orders
-Australia retail sales.
-The UK is to release data on service sector activity.
-Canada trade figures.
-And the cherry on the pie the US employment and average earnings data followed by ISM non manufacturing data.
To crown if all off there will be more global earnings coming out and be sure politicians all over the globe will be very jealous if economic data would run away with their place in the spotlight. Headlines on trade and geopolitics can roll in any time.
We at Forexflow will accompany you once more through the wild waters this week with our comments and trade ideas.
In the meantime we’re opening pretty close to where we left on Friday night. It’s early doors and illiquid still.
Stay safe, happy hunting