The first half of the week is muted without significant indicators or speeches, though, later in the week, major countries like U.S., U.K. and Euro area will release their GDP. The consumer price index from various countries will be closely monitored as well.
Monday begins with the German IFO survey and the German Buba monthly report. The business climate is expected to fall at 114.4 in June versus 114.6 before, as well as expectations which are expected to drop at 106.4 marginally lower from 106.5. On the other hand, the current assessment is forecasted to tick higher to 123.3 from 123.2 in May. From the U.S., durable goods orders for May are coming out and are predicted to decline by 0.5% versus a fall of 0.7% before. Later in the day, New Zealand’s trade balance, exports, and imports the month of May are coming out.
Tuesday is a very quiet in the market. There are no market driver economic indicators or speeches to impact the forex pairs. From the U.S., S&P/Case-Shiller home prices indices for April and Richmond Fed manufacturing are coming out.
Read the full financial markets weekly outlook on JFD Research.