This Week’s Economic Calendar: FOMC, UK Inflation Rate, US CPI

This week’s shaping up to be yet another mobile one on the markets. With important economic event that could effect two of the most volatile currencies of ’17; the USD and GBP – we should see some significant fluctuations in their price levels.

June 12th - 16th Most Important Economic Events

Tuesday June 12th

GBP – Inflation Report Hearings
Tuesday June 13th

GBP – Consumer Price Index for May
Wednesday June 14th

USD – Retail Sales for May
USD – Consumer Price Index Excluding Food and Energy for May
USD – Consumer Price Index for May
USD - FOMC Economic Projections – Extremely Important Event
USD - Fed’s Monetary Policy Statement – Extremely Important
USD – Interest Rate Decision – Extremely Important
USD – FOMC Press Conference – Extremely Important

Thursday June 15th

CHF – SNB Interest Rate Decision
CHF – SNB Press Conference
GBP – BoE Interest Rate Decision – Extremely Important
GBP – BoE Asset Purchase Facility
GBP - Monetary Policy Summary – Extremely Important
GBP – BoE MPC Vote Unchanged
GBP – Bank of England Minutes
GBP - BoE MPC Vote Hike – Extremely Important
GBP – BoE MPC Vote Cut – Extremely Important

Friday June 16th

JPY – BoJ Monetary Policy Statement
JPY – BoJ Interest Rate Decision
JPY – BoJ Press Conference

Econ-Calendar Events to Look Out For

With the recent fluctuation of the USD and GBP, traders will most likely be keeping a close eye on these instruments. This is why any events influencing these currencies (both as a currency pair but also as individual currencies) are especially significant.

The US FOMC and the UK Interest Rate Decision, Monetary Policy Summary and vote to hike or cut interest rates will all inevitably send ripples into the markets. Let’s hope those ripples won’t become tsunamis.

Another significant effect that traders might be on the lookout for is a fluctuation in the so-called “safe-haven” currencies such as the Swiss Franc (CHF) and the Japanese Yen (JPY) which have economic events this week possibly affecting their prices. Although significant fluctuation is unlikely considering the reason these aforementioned currencies are considered safe-havens is due to their stability compared to the currencies of other industrialized nations, even under duress.

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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