Important Events This Week June 30-July 4, 2014

The week will be filled with many events, but only a few will have quite a significant impact to the market. We list them down below with the details:

Event:CPI/CPI Core (YoY, June) – European Union

Date:June 30, 2014

Time:9:00am (GMT)

What It Is About and Why It’s Important

The EU’s CPI is expected to be up by 0.6 per cent over the past 12 months, which is slightly higher than the previous month’s 0.5 per cent. Meanwhile, the current Core CPI of the region is at 0.7 per cent.

Event:GDP (MoM, April) – Canada

Date:June 30, 2014

Time:12:30pm (GMT)

What It Is About and Why It’s Important

Canada’s current GDP is at 0.1 per cent. There is no market consensus available at the moment.

Event:RBA Interest Rate Decision – Australia

Date:July 1, 2014

Time:4:30am (GMT)

What It Is About and Why It’s Important

The Reserve Bank of Australia will kick off July with its monetary policy statement. It is largely expected that they’ll maintain cash rates at 2.5 per cent.

Event:GDP s.a. (QoQ/YoY, Q1) – European Union

Date:July 2, 2014

Time:9:00am (GMT)

What It Is About and Why It’s Important

The EU’s current GDP s.a. is at 0.2 per cent (QoQ), and 0.9 per cent (YoY).

Event:Fed Yellen Speech – United States

Date:July 2, 2014

Time:3:00pm (GMT)

What It Is About and Why It’s Important

The Fed’s Chairperson Janet Yellen will give a speech on Wednesday, so expect volatility in the greenback at the time of this event.

Event:ECB Interest Rate Decision/Monetary Policy Statement – European Union

Date:July 3, 2014

Time:11:45am/12:30pm (GMT)

What It Is About and Why It’s Important

The ECB is expected to keep its current interest rate at 0.15 per cent. This event will be followed by the ECB’s Monetary Policy Statement.

Event:Nonfarm Payrolls /Unemployment Rate (June) – United States

Date:July 3, 2014

Time:12:30m (GMT)

What It Is About and Why It’s Important

There will be a number of employment-related events in the US around this time. June’s NFP figures is expected to be at 213K, while the country’s unemployment rate is seen to stay at 6.3 per cent.