The Eurozone will publish the Indicator of GfK Consumer Confidence on November 25, at 09:00 GMT+2.
Will the Japanese yen gain strength?
The Japanese Monetary Policy Meeting Minutes will be published at 01:50 MT time on December 24.
The Bank of Japan left its interest rate unchanged at -0.1% on December 19. Although governor Haruhiko Kuroda gave a generally upbeat economic outlook for Japan with a “moderate expansion trend”, he admitted there were weak spots and certain signs of slowing down in the Japanese economy. The governor explained that was due to a lower abroad demand and the negative effect of a typhoon that hit the country in October. Also, Mr. Kuroda made it clear that the BOJ will stay ready for further ease if required, in addition to the continued government spending program. Hence, the Monetary Policy Meeting Minutes will give more detail to these concerns and shed light on the vision of the monetary policy makers and the nation’s economic prospects for the nearest future.
- If the Meeting Minutes reveal an optimistic outlook and hawkish tone, the JPY will rise;
- If the Meeting Minutes reveal a moderate outlook and dovish tone, the JPY will fall.
US Retail Sales will be out on November 16 at 15:30 MetaTrader time (GMT+2). Get ready with us!
Euro Zone will reveal the ZEW Economic Sentiment index at 12:00 MT (GMT+2) on Tuesday, November 9.
The US Bureau of Labor Statistics will announce average hourly earnings, nonfarm employment change (NFP), and the unemployment rate on July 8, at 15:30 MT time.
The Federal Open Market Committee, a committee within the Federal Reserve, will reveal a detailed record of the central bank’s last meeting on July 6 at 21:00 MT.
The Reserve Bank of Australia will announce its cash rate and make a statement about future rate policy on Tuesday, July 5, at 07:30 MT.