Weekly Outlook. Review of Events in the upcoming week.

Last week, the US dollar weakened against a basket of world currencies. The dollar index (#DX) moved away from local highs and closed in the red zone. The US currency is still under pressure due to contradictions concerning China-US relations. At the same time, representatives of the White House reported that the parties were approaching a deal. Fed Chairman, Jerome Powell, said the US economy was stable and the official did not see the risk of recession. Financial market participants expect up-to-date information regarding the Brexit process.

In the upcoming trading week, we recommend paying attention to the following macroeconomic events.
On Monday, the news feed will be calm. The publication of important economic reports is not planned.
On Tuesday, the FOMC meeting minutes will be published, which may indicate the further adjustment rate of the Fed’s monetary policy, at 21:00 (GMT+2:00).

Important economic reports:
– Japan’s trade balance at 01:50 (GMT+2:00);
– Statistics on inflation in Canada at 15:30 (GMT+2:00).
On Wednesday, The Reserve Bank of New Zealand meeting will take place on Wednesday at 03:00 (GMT+2:00). The regulator is expected to cut its key interest rate by 25 basis points to 0.75%.

Important economic reports:
– Consumer price index in the UK at 11:30 (GMT+2:00);
– US inflation report at 15:30 (GMT+2:00).

We also recommend paying attention to the speech by Fed Chairman Jerome Powell.
On Thursday, the news feed will be full of events:
– Publication of the ECB monetary policy meeting account at 14:30 (GMT+2:00);
– Initial jobless claims in the US at 15:30 (GMT+2:00);
– Philadelphia Fed manufacturing index at 15:30 (GMT+2:00);
– Existing home sales in the US at 17:00 (GMT+2:00).
On Friday, the trading week will end with the publication of important economic releases:
– National core consumer price index in Japan at 01:30 (GMT+2:00);
– German GDP report at 09:00 (GMT+2:00);
– Some indicators of economic activity in Germany and the Euro zone at 10:30 (GMT+2:00) and 11:00 (GMT+2:00), respectively;
– Statistics on retail sales in Canada at 15:30 (GMT+2:00).


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