Weekly Economic & Political Timeline - 23 July 2017

This week will be dominated by high-impact U.S. data, including one of the primary market highlights of the month, the FOMC Statement and Federal Funds Rate. Therefore, volatility this week should be somewhat higher than it was last week.

The market will probably be most active on Wednesday.

 

U.S. Dollar

It will be a very important and busy week for the greenback, starting on Tuesday with a release of CB Consumer Confidence data. Wednesday will bring the week’s highlight, with the FOMC’s release of its monthly Statement and Federal Funds Rate, as well as Crude Oil Inventories data. There will be a release of Unemployment Claims and Core Durable Goods Orders numbers on Thursday. Finally, Friday will bring a release of Advance GDP data.

 

Australian Dollar

It will be a reasonably important week for the Aussie, with a release of CPI data due on Wednesday, as well as a speech by the Governor of the Reserve Bank of Australia.

 

British Pound

It will be a quiet week for the British Pound, with nothing due except preliminary GDP data on Wednesday.

 

Canadian Dollar

It will be a quiet week for the Loonie, with nothing due except GDP data on Friday.

Adam Lemon

Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. Adam believes that it is very possible for retail traders/investors to secure a positive return over time provided they limit their risks, follow trends, and persevere through short-term losing streaks – provided only reputable brokerages are used. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch.