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Daily Economic Events+

The FxPro Analyst Team

Major data releases for today, July 18:

Britain’s employment rate numbers missed the expectations. Jobless Claims rose to 7.8K in June. The data was lower than expectations after unexpected high data in the previous month. The payroll figures were in line with expectations and also confirmed the decrease of growth rate that took place a few months ago. GBP experienced the downward pressure. GBP/USD declined from 1.3260 to 1.3090 to the lows of November 2017. US Industrial Production was released with the numbers that slightly ...

The FxPro Analyst Team

Major data releases for today:

New Zealand Consumer Price Index data was released and its numbers showed that the rate of growth accelerates to 1.5% (YoY) against expected 1.6%. Although the data was weaker than it was supposed, NZD showed a growth in result, as inflation was higher than 1.1% (QoQ). The growth to target 2% indicates the higher inflation pressure and approximates the moment of the policy tightening. Among major releases for today, the most important one is the employment data in Britain. The markets will be ...

The FxPro Analyst Team

US Consumer Sentiment and Fed Monetary Policy Report are due to be released

At 11:00 GMT, UK MPC Member Cunliffe is due to speak at the Cumbria Chamber of Commerce, in England. GBP pairs can move because of this event. At 14:00 GMT, US Michigan Consumer Sentiment Index (Jul) is expected to come in at 98.2 against a previous 98.2. The March reading was a record high for the index at 102.0 and the data is showing the number holding under the 100.0 level since with no change expected today. USD pairs can react to this data release as a barometer of consumer spending. At ...

The FxPro Analyst Team

US CPI data on the way as US President Trump heads to the UK

At 08:30 GMT, UK BOE Credit Conditions Survey will be published. This is a survey of lenders which asks respondents to rate the level of credit conditions, including secured and unsecured loans to households, small businesses, non- financial corporations and non- bank firms. GBP pairs can move because of this data release. At 09:00 GMT, Eurozone Industrial Production w.d.a. (May) will be released with the consensus for 1.2% (MoM) and 2.8% (YoY) from a prior reading of -0.9% (MoM) and 3.0% ...

The FxPro Analyst Team

Bank of Canada set to hike rates to 1.50%

At 07:00 GMT, ECB’s President Mario Draghi is expected to deliver opening remarks at the ECB Statistics Conference, in Frankfurt. The Non-monetary policy’s meeting minutes will be released at this time also. EUR crosses can see increased volatility as a result. At 12:00 GMT, ECB’s Mersch is expected to speak today at a scheduled event. EUR crosses may be affected by any comments made. At 12:30 GMT, US Producer Price Index ex Food and Energy (YoY) (Jun) is expected to be 2.6% against a previous ...

The FxPro Analyst Team

UK’s new monthly GDP data to be released today for the first time

At 08:30 GMT, UK Industrial Production (May) is expected to be 0.5% (MoM) and 2.7% (YoY) against a previous -0.8% (MoM) and 2.9% (YoY). Manufacturing Production (May) is expected to be 0.7% (MoM) and 3.1% (YoY) against -1.4% (MoM) and 2.9% (YoY) previously. This figure had fallen under the zero mark showing a contraction on the monthly number but this is expected to be erased with today’s data with a return to positive territory. The negative impact from Brexit is continuing to plague the ...

The FxPro Analyst Team

Central Bank members lead the calendar to start the week

At 10:00 GMT, MPC Member Broadbent will deliver the opening remarks at the Economics and Psychology conference hosted by the BOE, in London. GBP crosses can be moved by this event. At 13:00 GMT, ECB President Mario Draghi will testify about the economy, monetary policy, and virtual currencies before the European Parliament Economic and Monetary Affairs Committee, in Brussels. EUR crosses can be moved by any reference to monetary policy. At 13:10 GMT, FOMC Member Kashkari will speak at a ...

The FxPro Analyst Team

Markets wait for Nonfarm Payrolls data

At 12:30 GMT, US Non-Farm Payrolls (Jun) is expected at 195K from a prior 223K. This measures the change in the number of employed people in June. The Unemployment Rate (May) is expected at 3.8% with a prior of 3.8%. Labour Force Participation Rate (Jun) is expected to be 62.7% against a prior reading of 62.7%. Average Hourly Earnings (Jun) is expected to be 0.3% (MoM) and 2.7% (YoY) against 0.3% (MoM) and 2.6% (YoY) previously. Average Weekly Hours (Jun) is expected to be 34.5 against a ...

The FxPro Analyst Team

Markets catching up on US data after yesterday’s holiday

At 10:00 GMT, BOE’s Governor Carney will deliver a speech in Newcastle. GBP crosses can be moved by this event. At 11:15 GMT, German Buba President Weidmann will deliver a speech titled "Towards a more stable monetary union – what is the right recipe?" at the Central Bank of Austria's Annual Economics Conference. EUR crosses can be moved by any reference to monetary policy. At 12:15 GMT, US ADP Employment Change (Jun) is expected to be 190K against 178K previously. This data has fallen under ...