Important Events This Week June 17-21

FX Strategy Articles > FX Trading Tips

This week features a number of CPI and PPI data coming out of North America and Europe, plus interest rate decisions from the US and Switzerland. Check out the details of these events for the week of June 17-21:

Event: Consumer Price Index & Core CPI (YoY, May) – UK

Date: June 18, 2013

Time: 8:30am (GMT)

What It Is About and Why It’s Important

The United Kingdom is set to announce its CPI and Core CPI data on Tuesday, with a slight improvement expected from May’s YoY CPI figures. From 2.4% analysts expect it to rise slightly to 2.6%.

Event: CPI & CPI Ex Food & Energy (YoY, May) – United States

Date: June 18, 2013

Time: 12:30pm (GMT)

What It Is About and Why It’s Important

The US is also set to announce its CPI data a few hours after the UK’s announcement. While there has been no consensus about which direction the CPI and CPI Ex Food & Energy numbers will move, these are currently at 1.1% and 1.7%, respectively.

Event: Fed Interest Rate Decision – United States

Date: June 19, 2013

Time: 6:00pm (GMT)

What It Is About and Why It’s Important

While the US is expected to maintain its interest rate at 0.25%, the monetary policy statement that will follow 30 minutes later is important, as it will provide clues on the Fed’s outlook of the US economy. Expect volatility during this period.

Event: Producer Price Index (YoY & MoM, May) – Germany

Date: June 20, 2013

Time: 6:00am (GMT)

What It Is About and Why It’s Important

The EU’s largest economy will announce its PPI data for May on Thursday. Analysts expect a positive shift in the MoM & YoY figures, which are seen to move from -0.2% to 0.0% and 0.1% to 0.4%, respectively.

Event: SNB Interest Rate Decision – Switzerland

Date: June 20, 2013

Time: 7:30am (GMT)

What It Is About and Why It’s Important

Another much-awaited report from Europe is Switzerland’s interest rate decision, which will be announced by the Swiss National Bank. As with the US interest rate, the Swiss rate is expected to stay at 0%, a number the SNB held since August 2011.

Event: Consumer Price Index & Core CPI (YoY, May) – Canada

Date: June 21, 2013

Time: 12:30pm (GMT)

What It Is About and Why It’s Important

Canada will cap off the week of events with its CPI data. Its previous YoY CPI is at 0.4%, while its last YoY Core CPI is at 1.1%.

 

By FX Strategy Team, Published on 17th of June 2013
eTorro - Trading Starts Here

Start Trading Forex with up to $10,000

  • 100s Videos and FX Strategy articles
  • Advice from our FX traders
  • Practive free with using real time