Monday – 08/21/2017
Next Monday will witness UK’s public sector net borrowing figure be reported at 9:30 GMT. Currently, UK’s economy are at pains, suggesting that we may continually see another negative number.
The wholesale sales m/m of Canada will also be released at 13:30 GMT.
Tuesday - 08/22/2017
Canada’s core retail sales data released at 13:30 GMT will be main point of the next Tuesday. Bank of Canada (BoC) has recently been expected to adopt a more hawkish tone, pointing a stronger CAD in the near future. If the actual figure reported higher than expected, traders could consider entering the market with buying positions of the CAD-cross currency pairs.
Besides, German ZEW economic sentiment figures will also be announced at 10:00 GMT. If you are a fan of the Euro-cross, we suggest that you wait and see before any actual information released as this is the first time of the week that the EUR finds itself tumbling during the reporting period.
Wednesday - 08/23/2017
Next Wednesday is the second time of the week that traders witness EUR jumble due to a series of Eurozone top-tier countries’ economic data releases such as French flash manufacturing or German flash services PMI figures. Euro zone economy is being considered substantial as it has grown for 17th straight quarters, suggesting that we may see positive economic numbers.
Thursday - 08/24/2017
U.S. Federal Reserve's Jackson Hole conference will take place on Aug 28 2017, driving not only the Euro but also global financial markets to be more buoyant than ever. The main event of the day is the grand speech of ECB President Mario Draghi who had been expected to adopt a hawkish tone but then was reported that he would not. While the actual information is not confirmed, we highly suggest that traders should stay outside the market and wait for clearer signs.
Friday - 08/25/2017
U.S. core durable goods orders figure forecasted to strongly drop to -6.0% from its previous release of 6.4% is likely to cause a weaker Greenback. Combined with the economic policy symposium, EUR/USD may see itself somersault on next Friday.