β#ForexChief #NFP #forexnews #FOMC #PMI #Fed #worldnews #CAD #forexmarket #Lagardeβ
π Market focus: events of the current weekβ
π When analyzing the Fed's protocol, we focus on the discussion about the forthcoming cuts in the QE program. The Federal Reserve will not risk until the next increase in the US Congress national debt ceiling, which is impossible until the budget is adopted. The budget requires the ratification of two bills on infrastructure, so the chances of a solution to this situation before September are practically zero.
β
Fans of the British Pound should pay attention to the publication of the statistics block on Friday.
No speeches by Fed members are planned, but private comments on the NFP will press on the dollar.
Lagarde will appear several times during the week, but her performances will not affect the markets.
β
Specified time is GMT Offset 0
β
Tuesday, 6 AUD: RBA Interest Rate Decision, Rate Statement (04:30)
GBP: Construction PMI (08:30)
USD: ISM Non-Manufacturing PMI (14:00)
β
Wednesday, 7USD: JOLTs Job Openings (14:00);
FOMC Meeting Minutes (18:00);
API Weekly Crude Oil Stock (20:30)
EUR: EU Economic Forecasts (09:00)
β
Thursday, 8 EUR: ECB Monetary Policy Statement (11:30)
USD: Initial Jobless Claims (12:30);
Crude Oil Inventories (15:00)
β
Friday, 9GBP: GDP (MoM), (YoY); Manufacturing Production; Monthly GDP 3M/3M Change (06:00);
BoE Gov Bailey Speaks (10:00)
EUR: ECB President
Lagarde Speaks (10:00)
USD: Fed Monetary Policy Report (Tentative)
β
Profits to yβall!