forex weekly update Noa Strijbos,

Hi All!

So all in all Draghi did his play last week. Jobs report was not all that good yesterday Yellen speeche was sort of well …. the rate hike for june is of the table…. but than again there is a rate hike looming but no hints for now when.

Brexit fears and polls are in the vol greating in the USD/GPB mainly and therefor the waveitforward account is making profits. This morning there was a big spike…. We have to see what will happen closer to the refferendum.

waveitforward account is going strong and we can have some more investors so when youre interested please contact me.

weekly important forex data:

uesday:

06:30 – RBA’s decision on interest rates in Australia;

07:00 – Leading / coincident indicators for Japan in April;

11:00 – GDP in the euro zone in the first quarter;

14:30 – productivity and labor costs in the first quarter in the US;

22:30 – American Petroleum Institute (API) will publish its report on the changes in US oil inventories for last week.

Wednesday:

01:50 – Japan’s GDP data in the first quarter, foreign trade balance of Japan in April;

03:30 – mortgages in Australia. This indicator traces the development of the trend in the housing market in Australia, and the level of consumer confidence. Data on foreign trade balance of China in May is also published in this period. Publication of this data can cause a spike in volatility of both the yuan and the US dollar that the yuan is in fact linked to, as well as other currencies. China’s economy, being the second largest in the world, has a strong impact on the world’s GDP, and the indicators of its condition affect the entire financial market;

09:15 – consumer price index in Switzerland in May;

10:30 – Industrial production in the UK in April;

16:00 – assessment of GDP growth in the UK from the National Institute of Economic and Social Research (NIESR), which is published before the release of official GDP data. The evaluation can influence the monetary policy of the Bank of England;

16:30 – US Department of Energy publishes its weekly report on US oil and petroleum products inventories;

23:00 – RBNZ’s decision on interest rates in New Zealand. Current rate is 2.25%. After this, a press conference of the RBNZ will take place.

Thursday:

03:30 – Consumer Price Indix and Producer Price Index (PPI) in China in May. High values of the indices are considered a positive factor for the yuan, and vice versa;

07:45 – unemployment rate in Switzerland in May (forecast 3.5%);

08:00 – payment and foreign trade balance data in April in Germany, whose economy is the locomotive of the euro zone economy. This indicator can cause volatility of the EUR;

14:30 – Initial and Repeated Jobless Claims in the US for last week. Higher–than–expected (267,000) result points to the weakness of the labor market, which has a negative impact on the US dollar.

Friday:

00:45 – Plastic card retail sales in New Zealand in May;

06:30 – services PMI in Japan in April;

08:00 – wholesale and consumer prices indices in May in Germany. Consumer price index (CPI) reflects the average change in prices of all goods and services purchased by households for consumption, it is a key indicator of inflation in Germany. A high value is positive for the EUR and vice versa;

15:00 – unemployment and employment rate in Canada in May.

Wish you all a great day Noa Strijbos