The trading week starts fairly low-key on Monday July 7th - with medium-impact events like Germany's Industrial Production - reported on an annual basis for May. Previously the figure was 0.2 percent - a fairly lacklustre performance, but to be expected given the wider economic conditions in the EU, which remain weak.
On Tuesday the 8th, there is a high-impact event for Switzerland at 07.15, when the country reports its Consumer Price Index for June. This is on a monthly basis, and was previously at 0.3 percent. Traders can also look out for GBP crosses opportunities, because the UK reports its Manufacturing Production figures for May on an annual basis. It was three percent previously, and any significant signs of strength in the latest numbers may create some trading action during the market event.
Wednesday July 9th picks right up with a major market-moving event at 18:00 - that is FOMC Minutes. The Fed is still in tapering mode, and there is speculation that it may take last week's positive employment data as a sign to raise interest rates, so this is not an event to miss.
On Thursday the 10th, Banc De Binary analysts recommend watching Australia's Employment Change for June, reported at 01.30. Previously, employment fell by 4,800 jobs, so new data should give more information about the latest state of Australia's economy. ---Staying in Asian markets, Yen traders should plan ahead for Thursday, as the Bank of Japan releases its Interest Rate Decision at 03:00. Finally for Thursday, another high-impact event is released at 11 AM - that's the Bank of England's Asset Purchase Facility and Interest Rate Decision for July. A reminder that the asset purchasing programme is currently holding steady at 375 billion, and the key interest rate is 0.5 percent.
The trading week ends on Friday the 11th, Banc De Binary analysts recommend that traders look out for Canada's Employment Data. At 07:30, the net change in employment for June is released - it was previously at 25.8 thousand. At 12.30pm, the Unemployment Rate is released, and was formerly at 7 percent.
That concludes Ahead of the Week from Banc De Binary’s Trading Room analysis team.
