Forex Weekly Outlook: July 17 - July 21
Asia: Japanese stock markets will remain closed due to the Ocean Day holiday. China will capture all attention with the release of its fixed asset investment, gross domestic product for the second quarter 2017 and industrial production for June. Analysts are forecasting an 8.5, 1.7 and 6.5 percent increase respectively.
Europe: the Eurozone will present its consumer price index for June at 09:00 GMT.
United States: the New York Empire State manufacturing index for July is due at 12:30 GMT, with a 15.0 reading eyed by economists.
Europe: UK consumer price index for June is up at 08:30 GMT, together with the producer price index input. Half an hour later, Germany’s ZEW economic sentiment for July is due for release, with an estimated result of 16.8.
United States: Export and import price indexes for June will be out as of 12:30 GMT. TIC Net Long Term Transactions for May is due at 20:00 GMT.
United States: building permits and housing starts are set for 12:30 GMT. The US Energy Information Administration will also release its weekly inventory report on crude and refined products at 14:30 GMT.
Asia: Japan leads the way with a batch of economic data ahead of Bank of Japan’s monetary policy meeting. Adjusted trade balance figures will be presented at 23:50 GMT.
Asia: the Bank of Japan will release its monetary policy statement, outlook report and interest rate decision as of 06:00 GMT. A press conference will follow half an hour later. There are no rate changes expected in Japan.
Europe: Germany’s producer price index for June will be available at 06:30 GMT. But all eyes will be placed at a new policy meeting from the European Central Bank. The rate decision is up at 11:45 GMT, while the press conference is due as of 12:30 GMT. UK retail sales will be published at 08:30 GMT.
United States: Philadelphia Fed manufacturing index for July is scheduled at 12:30 GMT.
No relevant data scheduled.