Hong Kong stock index extended a decline sparked by China’s tech crackdown. Tesla posted better-than-expected results. Jump in!
5 important events this week will bring us
- American Quarterly GDP Growth Rate 2nd Est, Consumer Spending data, Durable Goods Orders (Wed, 15:30 MT time (13:30 GMT)) – U. S. consumer spending data is due Wednesday, along with GDP, jobless claims and durable goods. The forecast for the quarterly GDP growth rate is 1.9%. Higher-than-expected index values will boost the US dollar.
- European Business Confidence index (Thu, 12:00 MT time (10:00 GMT)) – The previous level of the indicator was -0.19, while the expectation for the coming one is -0.24. The euro will gain strength if the actual indicator is higher than the forecast.
- British GfK Consumer Confidence (Fri, 02:01 MT time (00:01 GMT)) – The forecast for the British Consumer Confidence index is -14. If the actual one outperforms that, the British Pound will be supported.
- Japanese Consumer Confidence (Fri, 07:00 MT time (05:00 GMT)) – The Japanese Consumer Confidence index is expected to show a slightly lower 35.4 value against the previous 36.2. If the indicator outperforms the prognosis, the Japanese yen will rise.
- Canadian Monthly GDP Growth Rate (Fri, 15:30 MT time (13:30 GMT)) – The analysts expect the monthly GDP growth rate in Canada to show a slightly better 0.2% against the previous 0.1%. If the actual level is higher than the forecast, the Canadian dollar will go up.
- Boris Johnson presented his election manifesto to the British Parliament on Sunday. He advised it is a “radical agenda” for the United Kingdom, and promised to present the Brexit agreement to the Parliament until December 25.
- China is strengthening intellectual property rights protection, as was revealed on Sunday. The equity markets in Asia have already shown a rise partly due to this advancement within the US-China trade talks.
The overall market sentiment is risk-on. The S&P 500 index (US 500) is getting close to the all-time high. Oil is recovering quickly from its recent losses.
PMI reports from the EU, the UK, and the USA will be released during the day!
The Fed held a much-awaited meeting yesterday. The bank hasn’t made any policy changes. As a result, the USD weakened and EUR/USD rocketed. Jump in to know all the latest news!
What will happen? The US Q2 Gross Domestic Product will be announced at 15:30 MT time (GMT+3) on Thursday, July 29…
Today the Fed will make a policy statement at 21:00 GMT+3. This event will affect all the currency pairs with the USD and thus almost the all Forex market!