Market focus

On Tuesday, 16.07.2019, the economic calendar will be saturated with significant statistics. This will also bring activity back to the market.

At the start of the day, market attention will be focused on inflation data in New Zealand and the publication of the RBA protocol. These news will significantly affect the national currencies.

In the European trading session, the market will focus on the employment report in the UK. Expectations for which remain very low-key, but will have a significant impact on the British pound in terms of risk to Brexit. Also from the European statistics it is worth to highlight data on economic sentiment in Germany and data on the EU trade balance.

At the American auction market attention will shift to retail sales data in the United States. Separately, it is necessary to highlight a number of speeches by the US Federal Reserve representatives, among them Fed Chairman Powell. Speeches can provoke a sell-off of the dollar due to soft rhetoric regarding US monetary policy.

Hanzenko Anton