Senior Analyst

Passionate about the markets, the excitement, the story driving the markets at the time, the fundamentals and even the technicals.

Welcome to the easyMarkets weekly outlook starting this Monday 5 June. We’ll be looking at the week’s key economic events on the financial calendar covering Monday to Thursday. Be sure to catch up with our Friday morning report that looks back at how the events played out and with a look at Friday’s events.

Event: RBA Interest Rate Decision

Date: Tuesday 06 June 2017 at 04:30 GMT

Markets affected: AUD /USD, EUR/AUD

Trending hashtags: #aussie, #rba, #aud

The Reserve Bank of Australia has maintained its interest rate at 1.5% for some time now and analysts are not expecting any changes. Last week the Aussie dollar took a dive on the back of weaker than expected manufacturing data out of China showing a contraction in the sector. As China is Australia’s largest trading partner that is a worrying result. Though just before that announcement, Australian retail sales came in higher than expected for April at 1% versus the 0.3% forecast giving a boost to the Aussie.

Event: Eurozone GDP Q1

Date: Wednesday 07 June 2017 at 09:00 GMT

Markets affected: EUR/USD, EUR/GBP

Trending hashtags: #eur, #gdp

Eurozone’s GDP growth in the first quarter of 2017 had been estimated at 0.5%, the same as the prior quarter’s growth rate. The release on Wednesday is expected to confirm the figure and is unlikely to change. Growth on an annualised basis is expected at 1.7%.

Event: UK Elections

Date: Thursday 08 June 2017

Markets affected: GBP/USD, EUR/GBP

Trending hashtags: #elections, #footsie, #gbp

The Big event on everyone’s calendar for the week will be the UK elections that will take place on Thursday. The pound has seen some volatile trading in the lead up with mixed polls and the FTSE 100 has fallen from record highs in response to the uncertainty surrounding the elections. Traders will be gearing up for some interesting trading on the day.

Event: ECB Interest Rate Decision

Date: Thursday 08 June 2017 at 11:45 GMT

Markets affected: EUR/USD, EUR/GBP

Trending hashtags: #eur, #interestrate

The European Central Bank (ECB) has maintained interest rates at 0% for the last 10 meetings. While no modifications are expected, results out of the UK elections may give impetus for change.

 

https://www.dailyfx.com/forex/market_alert/2017/06/01/Australian-Dollar-Lifted-By-Consensus-Smashing-Retail-Sales.html?ref-author=DFXGeneric

https://www.theguardian.com/business/live/2017/may/31/pound-hung-parliament-eurozone-inflation-unemployment-business-live

http://www.economiccalendar.com/2017/05/16/eurozone-q1-gdp-growth-confirmed-at-0-5-annual-growth-1-7/

 

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