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Daily Economic Events+

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 ...

The FxPro Analyst Team

Services PMI data for Europe as the US Celebrates Independence Day

At 07:55 GMT, German Markit Services PMI (Jun) will be out with an expected headline number of 53.9 against 53.9 previously. After reaching a multi-year high in February at 57.3, this data has come back into its range under 56.0. German Markit PMI Composite (Jun) is expected to be 54.2 from a prior number of 54.2. EUR traders will be watching for the numbers to deviate from expectations and create volatility in the pairs. At 08:00 GMT, Eurozone Markit Services PMI (Jun) will be out with an ...

The FxPro Analyst Team

PMI Data from the UK and Canada expected to show some weakness

At 08:30 GMT, UK Construction PMI (Jun) will be out with an expected headline number of 52.0 from a prior number of 52.5. The consensus is for the numbers today to remain in line with expectations after the data stabilized around 52.5 for the last two months, up from the low created in April at 47.0. The industry has recovered somewhat but is well off the peak from 2014 of 64.6. GBP pairs may see an impact from this data release. At 13:30 GMT, Canadian Markit Manufacturing PMI (Jun) is expected ...