• Fundamentals to watch out for this week

    Source: FxWire Pro - Commentary / 16 Jul 2018 09:43:44   America/New_York

    In terms of volatility risks, this week is heavy as there are several events one needs to keep a tab on.

    What to watch for over the coming days:

    • Central Banks:

    Federal Reserve chairman Jerome Powell will be testifying before Senate committee as a part of his two-day semi-annual testimony beginning Tuesday.

    • Economic data:

    China GDP report on Monday along with industrial production and retail sales numbers, and house price report on Tuesday. U.S. retail sales on Monday, and Industrial production report on Tuesday. UK unemployment report on Tuesday, Inflation report on Wednesday, and retail sales report on Thursday. Eurozone inflation report will be released on Wednesday. Australia’s unemployment report will be released on Thursday. Canada CPI inflation report on Friday.

    • Geopolitics:

    President Trump is meeting President Putin in Helsinki. The European Union officials begin their summit with China in Beijing.

    Along with the above fundamentals, unscheduled Brexit commentaries, happenings in the Middle East, Italy, and the Korean peninsula are likely to keep influencing the market.

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