The economic calendar for the week ahead looks pretty busy with a slew of economic data, however, many of them are not expected to impact the market.
FOMC minutes, U.K.’s and Eurozone’s CPI are among the most important updates, while U.S. retail sales and ECB monetary policy meeting accounts will be published.
On Monday, the only notable economic indicator is Eurozone’s industrial production for June which is expected to pick up by 2.9% year-over-year, versus 4.0% before.
On Tuesday morning, the German preliminary GDP for the second quarter will be released. Therefore, market attention will be at U.K. CPI, PPI and retail price index for July. The headline CPI is expected to tick higher to 2.7% from 2.6% in June. The retail price index is expected to remain unchanged at 3.5% year-over-year in June.
Read the full article on JFD Research.