β#ForexChief #Powell #forexnews #Bundesbank #ECB #worldnews #forexmarket #QEprogram #Lagardeβ
π Market focus: events of the current weekβ
π The focus will be on hearings in the US Senate Banking Committee on personnel reshuffles in the Fed leadership. Powell and Brainard's responses to senators' questions about the timing and pace of the Fed's rate hikes and cutbacks could spark strong reactions across all markets.
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Today it is worth listening to the new head of the Bundesbank, Nagel;
Bundesbank may at any time refuse to participate in the ECB's QE program, which would be tantamount to Germany's abandonment of the euro. On Friday, we draw your attention to Lagarde's speech at the European Parliament conference.
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Specified time is GMT Offset 0β
Tuesday, 11AUD: Retail Sales, Trade Balance (00:30)
GBP: Manufacturing Production, Industrial Production, Trade Balance, Trade Balance Non-EU (07:00)
EUR: ECB President Lagarde Speaks (10:20)
USD: Fed Chair Powell Testifies (15:00); EIA Short-Term Energy Outlook (17:00)
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Wednesday, 12JPY: BoJ Governor Kuroda Speaks (01:00)
CNY: CPI, PPI (01:30)
EUR: Industrial Production (10:00)
USD: Core CPI, CPI (13:30); Crude Oil, Cushing Crude Oil Inventories (15:30); WASDE Report (17:00); Beige Book ,Federal Budget Balance (19:00)
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Thursday, 13GBP: RICS House Price Balance (00:01)
USD: PPI, Core PPI, Initial Jobless Claims (13:30)
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Friday, 14CNY: Exports, Imports, Trade Balance (03:00)
GBP: GDP, Manufacturing, Industrial Production, Trade Balance, Trade Balance Non-EU (07:00); Labour Productivity (Q3) (09:30)
EUR: Trade Balance (10:00); ECB President Lagarde Speaks (13:30)
USD: Core Retail, Retail Sales, Export Price Index, Import Price Index (13:30); Industrial Production (14:15); Business Inventories (15:00)
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Profits to yβall!