THIS WEEK'S INDICATORS
US Inflation set the tone by week’s end as lower than expected figures weighed in. Investors sold the Dollar following the recent bullish rally while uncertainty surrounding geopolitical concerns eased. On the longer term, however, weak inflation supports Fed’s decision to hike rates three more times in 2018. Following up this week, markets wait for important Australian, Japanese, Canadian and European data.
TRADE THE NEWS NOW
Trading on margin products involves a high level of risk
DOLLAR INDEX DAILY CHART
MONDAY
A quiet start to the week with no major indicators scheduled in. Today, market participants will most likely take a break following a busy week as no major indicators are scheduled in. Markets may be illiquid and volatility could remain at subdued levels ahead of a busy Tuesday.
TUESDAY
Volatility looms, focus on UK Jobs report and US Retail Sales. Early on Tuesday, market players will wait for the Australian monetary policy meeting minutes. In the morning, the UK will release its jobs report and inflation hearings, while closer to noon, the US will deliver its own retails sales report.
WEDNESDAY
European traders shift focus to Draghi’s speech, US data critical. The session will start intensely considering Australia’s wage price index release at 01:30 GMT, but ECB president Draghi’s speech at an ECB event following the European inflation reading is expected to have more influence in the markets. Housing and Oil reports for the US likely to add more risk in the currency markets.
THURSDAY
Australian monthly Jobs report in focus, US Unemployment Claims due. Thursday features Australia’s monthly jobs report, an event to add on to volatility levels, as well as important data from the US. The US will deliver its Manufacturing Index and the Unemployment Claims reports, both of which are likely to move the US markets.
FRIDAY
Canada in the spotlight as Inflation and Consumer Spending data weigh in. The closing of the week will be critical for Loonie as Canada delivers important economic indicators. At 12:30 GMT participants expect the release of CPI and the Core Retail Sales.
Click here to view the full calendar
Stavros Tousios FOREX Market Specialist
FXPRIMUS, The Safest Place To Trade