This week promises to be volatile due to a lot of significant events. The US Nonfarm Payrolls is the week’s main event, as it is one of the most important parameters for the Fed’s monetary policy decision. Economists believe the US employment report will be worse than the previous month, but the unemployment rate will not change. FOMC protocol on Wednesday will give investors some insight into how FED policymakers see the future trajectory of interest rates as markets remain focused on the prospect of a recession. The European Central Bank is to publish the minutes of its June meeting on Thursday when it announced plans to deliver its first interest rate hike. The Reserve Bank of Australia will hold an interest rate meeting. Analysts predict that the bank will raise the rate by 0.5%. As a rule, rising interest rates are accompanied by a strengthening national currency.
- – Switzerland Consumer Price Index (m/m) at 09:30 (GMT+3);
- - Canada BoC Business Outlook Survey (m/m) at 17:30 (GMT+3).
- – Japan Services PMI (m/m) at 03:30 (GMT+3);
- – Australia Retail Sales (m/m) at 04:30 (GMT+3);
- – China Caixin Services PMI (m/m) at 04:45 (GMT+3);
- – Australia RBA Interest Rate Decision (m/m) at 07:30 (GMT+3);
- – Eurozone German Services PMI (m/m) at 10:55 (GMT+3);
- – Eurozone Services PMI (m/m) at 11:00 (GMT+3);
- – UK Services PMI (m/m) at 11:30 (GMT+3);
- – UK BoE Financial Stability Report (m/m) at 12:30 (GMT+3);
- – UK BoE Gov Bailey Speaks at 13:00 (GMT+3).
- – UK Construction PMI (m/m) at 11:30 (GMT+3);
- – Eurozone Retail Sales (m/m) at 12:00 (GMT+3);
- – Eurozone EU Economic Forecasts (m/m) at 12:00 (GMT+3);
- – US FOMC Member Williams Speaks at 16:00 (GMT+3);
- – UK ISM Services PMI (m/m) at 17:00 (GMT+3);
- – US JOLTs Job Openings (m/m) at 17:00 (GMT+3);
- – US FOMC Meeting Minutes at 21:00 (GMT+3).
- – Switzerland Unemployment Rate (m/m) at 08:45 (GMT+3);
- – Eurozone German Industrial Production (m/m) at 09:00 (GMT+3);
- – Eurozone ECB Monetary Policy Meeting (m/m) at 14:30 (GMT+3);
- – US ADP Nonfarm Employment Change (m/m) at 15:15 (GMT+3);
- – US Initial Jobless Claims (w/w) at 15:30 (GMT+3);
- – Canada Ivey PMI (m/m) at 17:00 (GMT+3);
- – US Natural Gas Storage (w/w) at 17:30 (GMT+3);
- – US Crude Oil Reserves (w/w) at 18:00 (GMT+3);
- – US FOMC Member Bullard Speaks at 20:00 (GMT+3);
- – US FOMC Member Waller Speaks at 20:00 (GMT+3).
- – Eurozone ECB President Lagarde Speaks at 14:55 (GMT+3);
- – US Nonfarm Payrolls (m/m) at 15:30 (GMT+3);
- – US Unemployment Rate (m/m) at 15:30 (GMT+3);
- – Canada Unemployment Rate (m/m) at 15:30 (GMT+3);
- – US FOMC Member Williams Speaks at 18:00 (GMT+3).
by 2022.07.04
, We advise you to get acquainted with the daily forecasts for the major currency pairs.This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.
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