Fundamental Analysis 2017.07.24 – USD, Oils and Indicies

Last week was very mobile, with reports coming out of almost all major currencies – this of course doesn’t mean that we won’t have mobility this week and the very first event affects a go to safe haven – the Japanese Yen.

Other currencies that might see raising or dropping prices this week include – JPY, AUD, GBP, USD Although other major currencies have events, they might not be significant enough to affect the prices positively or negatively. These are this week’s most significant economic events:

Monday July 24
JPY – BoJ Monetary Policy Meeting Minutes

Tuesday July 26
AUD – Consumer Price Index (QoQ) (Q2)
AUD – Consumer Price Index (YoY)
AUD – RBA trimmed mean CPI (QoQ)
AUD – RBA trimmed mean CPI (YoY)
GBP – Inflation Report Hearings
USD – Fed Interest Rate Decision
USD – Fed’s Monetary Policy Statement

Wednesday July 27
No significant events

Thursday July 28th
USD – Gross Domestic Product Annualized

Hopefully this will give currencies a chance to correct from the political instabilities observed in the United States and the United Kingdom after a week of Brexit talks, scandals and investigations. Traders’ sentiment injected further volatility in the USD and GBP’s movements and we saw investors buying metals towards the end of the week.

This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice.

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