Market focus

On Friday, June 29, 2018, the week will end with a full economic calendar. At the beginning of the day, attention should be focused on inflation in Japan, which, given the persisting risks, could significantly affect the yen. Closer to the middle of the day, market attention will shift to data from Europe, namely employment in Germany, UK GDP and inflation in the euro area. These news are very significant for national currencies. At the same time, the main activity on the given news will be traced on the cross-rate EUR / GBP.

In the second half of the day, data on personal spending in the US and Canada’s GDP will be published, which will shift attention from Europe to North America. At the same time throughout the day, very high volatility is expected, which will be facilitated by speculation around the trade confrontation between the US and the US currency.

Hanzenko Anton