Weekly Outlook 21st - 25th of August, 2017

2017-08-21

Weekly Outlook 21st of August – 25thof August 2017

Maximusfx.com Weekly Outlook – The US dollar declined against a list of major currency pairs on last Friday, upon concerns over further rate rise through Federal Reserve this year and political tensions by the US Administration.  

The report illustrated according to current political tensions over the US Administration by President Donald Trump and dilemma over Federal reserve will come up with a next rate hike this year have brought US dollar into weaker response.

There have been 14-year peak highs upon November election of Donald Trump Presidency that administration plan in hope of bringing changes for fiscal stimulus as well as tax reform would boost the economy. Yet the dollar has given up its after-election improvements among growing fears on government capability to distribute on this program.

Expectations on US dollar at lower rates weigh via making US assets not as much of attractive to profit- in search of Investors.

There was slight bearish on US dollar currency pair at 0.36% against Japanese Yen last Friday, USD/JPY at 109.18 and declined to 4-month lows against the Japanese yen pair.

The Euro currency pair raise to higher level against the dollar, with EUR/USD catching highs of 1.1760. The euro currency pair has strengthened 0.32%. Meanwhile the currency pair of EUR/GBP was higher stabilizing 0.25% to 0.9132.

The euro currency pair illustrated its following consecutive weekly strength over the pound rising 0.56% among mounting possibilities that the Bank of England will keep interest rates paused in the forthcoming months among fears over the economic depression from Brexit.

Investors in the financial market turn their attention to a greater chance of a forthcoming illustration of speeches via central banks at the Federal Reserve yearly central bank convention.

In the meantime, recent economic illustrations of US data show on housing and durable goods will be in the spot amid raising fears over influence on Fed Policy and meanwhile euro zone is to update data on private sector activity

Here is the weekly outlook in the financial market by Maximusfx.com categorized as a list that could cause major volatility across currencies   

21st of August, Monday

Canada is to illustrate reports on wholesale trade.

22nd of August, Tuesday

The UK is to release data on public sector borrowing

The Zew Institute is to illustrate on German Economic Sentiment

Canada is to indicate data on retail sales

23rd of August, Wednesday

European Central Bank President is to give a speech in Germany

The Europe Zone is to illustrate reports on manufacturing and service sector activity

Dallas State Fed President is to give a speech

The US is to announce reports on new home sales

24th of August, Thursday

The UK is to announce reports data on subsequent quarter progress

The US is to announce data on jobless claims and existing home sales.

Annual meeting of top central bank officers and economists at summit

18th of August, Friday

The Ifo Institute is to give statement on German Business Climate

The US is to report data on durable goods orders.

ECB President is to give a speech

 

 

Prepared by Maximusfx Senior Analyst – Z. Nuriddinov.