The trading week promises to be full of important events! Major central banks, inflation, and labor market data, as well as oil reserves — all of this can significantly affect volatility and trends. Be prepared for increased market activity!
Eurozone:
● 6:30 p.m. GMT: Speech by ECB President Lagarde. Traders always keep a close eye on her comments. The signals about future monetary policy and potential changes in the euro’s exchange rate are possible.
United States:
● 12:30 p.m. GMT: Retail Sales (Month-over-Month). Previous: -0.3%, Forecast: 0.5%. This is an important consumer activity indicator that directly reflects the state of the US economy. Strong, positive data can boost support for the dollar.
● 12:30 p.m. GMT: Core Retail Sales (Month-over-Month). Previous: 0.0%, Forecast: 0.3%. It excludes volatile categories, giving a clearer picture of consumer spending.
Eurozone:
● 7:30 a.m. GMT: Speech by ECB President Lagarde. It may clarify ECB rhetoric further.
● 9:00 a.m. GMT: Consumer Price Index (Year-over-Year). Previous: 2.1%, Forecast 2.1%. This is a key inflation indicator. Any deviation could cause the euro to move sharply.
Canada:
● 1:45 p.m. GMT: Bank of Canada Interest Rate Decision. Previous: 2.00%. The rate decision and statement can strongly affect the Canadian dollar.
United States:
● 2:30 p.m. GMT: Crude Oil Stock Changes (EIA). Previous: -1.708M, Forecast: 3.939M. Traditionally, it impacts oil prices and commodity currencies.
● 6:00 p.m. GMT: Fed Rate Decision. Previous: 4.50%. MAIN EVENT OF THE WEEK! Even hints about future moves will create major volatility across all USD pairs.
● 6:30 p.m. GMT: FOMC Press Conference. The Fed Chair’s comments will reveal outlooks on the economy and monetary policy.
Eurozone:
● 7:10 a.m. GMT: Speech by ECB President Lagarde. The third speech this week shows active ECB communication.
United Kingdom:
● 11:00 a.m. GMT: BoE Rate Decision. Previous: 4.25%. Decision and tone will shape GBP’s short-term movement.
United States:
● 12:30 p.m. GMT: Philadelphia Fed Manufacturing Index. Previous: 3.7, Forecast: -0.3. It reflects the health of the manufacturing sector. Big deviations could pressure the dollar.
● 12:30 p.m. GMT: Initial Jobless Claims. Previous: 282K, Forecast: 263K. It tracks labor market health. Decline in claims is positive for USD.
Japan:
● 2:30 a.m. GMT: BOJ Interest Rate Decision. Previous: 0.5%. This decision and rhetoric often have a significant impact on the yen, especially given Japan’s long-term zero- or negative-rate policy.
●6:30 a.m. GMT: BOJ Press Conference. Governor’s comments may set the tone for JPY movement.
707