The aussie fell last week after a number of disappointing data came from China and the Eurozone. This week, there are a number of important announcements from the United States, United Kingdom, Australia and Canada. Check out the details of the events for the week of July 15-19:
Event: Retail Sales (MoM, June) – US
Date: July 15, 2013
Time: 12:30pm (GMT)
What It Is About and Why It’s Important
The US economy has been on a good run over the past few weeks. Its retail sales for June are also expected to display an improvement as analysts see it rising from 0.6% to 0.8%.
Event: Consumer Price Index (QoQ & YoY, Q2) – Australia
Date: July 15, 2013
Time: 12:45pm (GMT)
What It Is About and Why It’s Important
Australia’s economy has been struggling over the last several months, which analysts expect could lead to another round of rate cut in August. And the country’s dismal performance might be aggravated by its CPI data, which analysts see dropping from 0.9% to 0.8%, YoY, and from 0.4% to 0.3%, QoQ.
Event: CPI – Core (YoY, June); CPI (MoM, YoY, June) – EU
Date: July 16, 2013
Time: 9:00am (GMT)
What It Is About and Why It’s Important
Analysts see the EU’s CPI data to remain flat except from the YoY number, which they expect to rise from 1.4% to 1.6%.
Event: CPI/CPI Ex Food & Energy – US
Date: July 16, 2013
Time: 6:00pm (GMT)
What It Is About and Why It’s Important
The US will announce its CPI data several hours after the EU. Analysts’ expectations are quite mixed as they see the June Core CPI to improve slightly from 1.4% to 1.5%. On the other hand, the CPI Ex Food and Energy is seen to drop slightly from 1.7% to 1.6%.
Event: BoE Minutes – UK
Date: July 17, 2013
Time: 8:30am (GMT)
What It Is About and Why It’s Important
Two weeks after the BoE’s decision to maintain its current interest rate, we shall have an insight into how they came to that decision through the minutes of the meeting. Aside from that, the minutes will give us a glimpse on the outlook of the members of the board of the UK’s economy.
Event: BoC Interest Rate Decision – Canada
Date: July 17, 2013
Time: 2:00pm (GMT)
What It Is About and Why It’s Important
While the BoC is not expected to cut rates this month, it is still worth looking into the board’s statement for clues on their outlook on the Canadian economy.
Event: CPI (YoY, May); BoC CPI (YoY, May) – Canada
Date: July 19, 2013
Time: 12:30pm (GMT)
What It Is About and Why It’s Important
Canada will wrap up the trading week with its own CPI data. As with the CPI of other countries, a high CPI is positive news for the country’s economy, while the opposite is true for low figures.
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