The WEEK AHEAD Forex Trading calendar: WC Monday 27th June to Friday 1st July 2016

Important: Please be aware that the following expected figures are analysts estimates based upon the data available at the time this calendar was posted. As each data point draws nearer you should expect some fluctuation in these expectations and stay as up to date as you possibly can as to any renewed expectations immediately prior to the release of a data point.

The WEEK AHEAD Forex Trading calendar: WC Monday 27th June to Friday 1st July 2016

Monday 27th
2.45pm – US Markit Services PMI (June): expected to come in virtually unchanged at 51.9 compared with 51.3 in May

Tuesday 28th
1.30pm – US GDP (Q1, final): first-quarter GDP rose at a 0.8% annual rate, according to the second estimate from the Commerce Department, the weakest performance since the first quarter of 2015. It is expected to be revised down to 0.6% in this third reading.

Wednesday 29th
10am – eurozone consumer confidence (June): the flash reading showed consumer confidence slipping to -7.3 in June, having hit its highest level so far in 2016 in May. Will the final reading be revised?

3.30pm – US crude inventories: expected to fall by 256,000 barrels in the past week, from a 627,000 increase the week before. Markets to watch: Brent crude, WTI

Thursday 30th
12.50am – Japan industrial production (May preliminary): economists expect a decline of 0.2% on the month, and a rise of 1.7% on the year. That compares with a monthly rise of 0.5% and an annual decline of 3.3% in April

10.00am – eurozone CPI and core CPI flash estimates Y/Y: Expected flat in line with prior releases.

Friday 1st
12.30am – Japan consumer price index (June): the country’s national deflation is expected to worsen to 0.5%, from -0.3% in May, putting further pressure on the central bank and its policy of negative interest rates.

2am – China NBS manufacturing PMI (June): economists are expecting a drop, with growth –excluding transportation – halving to 0.2% and the figure including transportation contracting by 0.8%, compared with 3.4% growth in April.

9am – eurozone Markit manufacturing PMI (June): expected to rise to 52.6 from 51.5.

9.30am – UK Markit manufacturing PMI (June): this is forecast to rise to 51 from a previous figure of 50.1.

3pm – US ISM manufacturing PMI (June): economists expect the figure to remain steady at 51.5 compared with 51.3 in May. The May reading was stronger than expected, rising from 50.5 in April.


Source: IG/CC


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