{"id":8652,"date":"2024-06-10T05:43:27","date_gmt":"2024-06-10T05:43:27","guid":{"rendered":"https:\/\/justmarkets.eu\/?p=8652"},"modified":"2024-06-10T05:43:28","modified_gmt":"2024-06-10T05:43:28","slug":"weekly-overview-2024-06-10","status":"publish","type":"post","link":"https:\/\/justmarkets.eu\/pt\/analytics\/weekly-overview-2024-06-10\/","title":{"rendered":"Week&#8217;s main events (June 10 \u2013 June 14)"},"content":{"rendered":"\r\n<div class=\"ag-base_page ag-m-format-container\">\r\n<h1 class=\"ag-base_title-page\">Week&#8217;s main events (June 10 \u2013 June 14)<\/h1>\r\n<div class=\"ag-analytics-page ag-market-overview-page\">\r\n  <p class=\"ag-analytics_text\">\r\nThis is a week full of important economic events. The US Federal Reserve will hold a monetary policy meeting. The Fed is expected to leave interest rates unchanged at the end of its two-day meeting on Wednesday, with market watchers focusing on how many rate cuts will be made before the end of&#160;2024. Inflation data for May is due to be released a few hours before Wednesday&#8217;s Fed statement. Further signs of weakening inflation could reinforce expectations of a rate cut, especially given signs of economic weakness. The Bank of Japan will hold a monetary policy meeting on Friday. At the same time, policymakers may cut back on their still massive bond purchases. This may provide some support to the yen. Market participants will also closely monitor the latest UK jobs report, trying to see if wage pressures are easing fast enough for a Bank of England rate cut to be an immediate prospect.\r\n\r\n  <\/p>\r\n\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Monday, June&#160;10\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nMonday will be a relatively calm and non-volatile day. No significant news is expected in the European and American sessions. It&#8217;s a bank holiday in China, Hong Kong, and Australia.\r\n  <\/div>\r\n  \r\n  <div class=\"ag-analytics_title-list__strong\">\r\n    Main events of the day:\r\n  <\/div>\r\n\r\n  <ul class=\"ag-analytics_list\">\r\n<li>\u2013 Japan GDP&#160;(m\/m) at&#160;02:50&#160;(GMT+3).<\/li>\r\n  <\/ul>\r\n\r\n  \r\n  <div class=\"ag-analytics_title\">\r\n    Tuesday, June&#160;11\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nOn Tuesday, investors will focus on the UK labor market data. The unemployment rate is expected to remain at&#160;4.3%, while wage growth is estimated to remain unchanged. Economists had expected a rate cut in June, but persistent inflationary pressures mean that markets will not fully appreciate the possibility of such a move until November. \r\n  <\/div>\r\n\r\n   <div class=\"ag-analytics_title-list__strong\">\r\n    Main events of the day:\r\n  <\/div>\r\n\r\n  <ul class=\"ag-analytics_list\">\r\n<li>\u2013 Australia NAB Business Confidence at&#160;04:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 UK Average Earnings Index&#160;(m\/m) at&#160;09:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 UK Claimant Count Change&#160;(m\/m) at&#160;09:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 UK Unemployment Rate&#160;(m\/m) at&#160;09:00&#160;(GMT+3).<\/li>\r\n  <\/ul>\r\n\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Wednesday, June&#160;12\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nOn Wednesday, all investors&#8217; attention will be focused on the Fed&#8217;s monetary policy meeting as well as on the US inflation data, which will be released a few hours before the US Fed meeting. Inflation data is expected to be unchanged from the previous report. As for the US Fed, it is also expected to be unchanged \u2014 rates are expected to remain unchanged.  Therefore, the main focus of traders&#8217; attention will be directed to the speech of the head of the US Fed, Jerome Powell, at the press conference on how many rate cuts there will be this year. The updated dot plot will likely point to two&#160;25-basis point rate cuts this year, up from three in March. Volatility on the US dollar currency pairs, US indices, and gold will rise. Investors should also keep a close eye on China&#8217;s inflation data, which strongly influences Asian indices.\r\n  <\/div>\r\n\r\n <div class=\"ag-analytics_title-list__strong\">\r\n    Main events of the day:\r\n  <\/div>\r\n\r\n  <ul class=\"ag-analytics_list\">\r\n<li>\u2013 Japan Producer Price Index&#160;(m\/m) at&#160;02:50&#160;(GMT+3);<\/li>\r\n<li>\u2013 China Consumer Price Index&#160;(q\/q) at&#160;04:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 China Producer Price Index&#160;(q\/q) at&#160;04:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 UK GDP&#160;(q\/q) at&#160;09:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 UK Industrial Production&#160;(m\/m) at&#160;09:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 UK Trade Balance&#160;(m\/m) at&#160;09:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 German Consumer Price Index&#160;(m\/m) at&#160;09:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 US Consumer Price Index&#160;(m\/m) at&#160;15:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 US Crude Oil Inventories&#160;(w\/w) at&#160;17:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 US Fed Interest Rate Decision at&#160;21:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 US FOMC Economic Projections at&#160;21:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 US FOMC Monetary Policy Statement at&#160;21:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 US FOMC Press Conference at&#160;21:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 Canada BoC Gov Macklem Speaks at&#160;22:15&#160;(GMT+3).<\/li>\r\n  <\/ul>\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Thursday, June&#160;13\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nOn Thursday, it&#8217;s worth not missing the US pro-mushroom inflation data, which predicts consumer inflation. It is expected to rise by&#160;0.5%, which may support the US dollar. Also, on Thursday, Australia will release its labor market report. The unemployment rate is expected to rise from&#160;4.1% to&#160;4.2%, and the economy is expected to see a&#160;5k drop in employment. Such data will be a sign of cooling, which is dovish for RBA policy and negative for AUD.\r\n\r\n  <\/div>\r\n\r\n <div class=\"ag-analytics_title-list__strong\">\r\n    Main events of the day:\r\n  <\/div>\r\n\r\n  <ul class=\"ag-analytics_list\">\r\n<li>\u2013 Australia Unemployment Rate&#160;(m\/m) at&#160;04:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 Eurozone Industrial Production&#160;(m\/m) at&#160;09:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 Switzerland Producer Price Index&#160;(m\/m) at&#160;09:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 US Initial Jobless Claims&#160;(w\/w) at&#160;15:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 US Producer Price Index&#160;(m\/m) at&#160;15:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 US Natural Gas Storage&#160;(w\/w) at&#160;17:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 US FOMC Williams Speaks at&#160;19:00&#160;(GMT+3).<\/li>\r\n  <\/ul>\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Friday, June&#160;14\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nThe main event to watch on Friday is the Japan Central Bank meeting. The Bank of Japan is expected to stick to its soft monetary policy. Still, there is a high probability of a&#160;1 trillion yen&#160;($6.4 billion) reduction in monthly purchases to about&#160;5 trillion yen, which may temporarily support the Japanese currency.\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list__strong\">\r\n    Main events of the day:\r\n  <\/div>\r\n\r\n  <ul class=\"ag-analytics_list\">\r\n<li>\u2013 Japan BoJ Interest Rate Decision at&#160;06:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 Japan BoJ Monetary Policy Statement at&#160;06:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 Eurozone Trade Balance&#160;(m\/m) at&#160;12:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 US Michigan Consumer Sentiment&#160;(m\/m) at&#160;17:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 Eurozone ECB President Lagarde Speaks at&#160;20:30&#160;(GMT+3).<\/li>\r\n  <\/ul>\r\n\r\n\r\n\r\n\r\n\r\n<p class=\"ag-analytics_text\">by <span class=\"author vcard\"><span class=\"fn\">JustMarkets<\/span><\/span>, <span class=\"updated\">2024.06.10<\/span><\/p>\r\n<!--a href=\"\/analytics\/daily-forecast\" class=\"ag-analytics_link\">\r\n          We advise you to get acquainted with the daily forecasts for the major currency pairs.\r\n        <\/a--> <a class=\"ag-base-btn\" href=\"https:\/\/secure.justmarkets.eu\/pt\/register\/?sl=1\">Open Account<\/a><\/div>\r\n<\/div>\r\n\r\n\r\n\r\n<p>&nbsp;<\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>Week&#8217;s main events (June 10 \u2013 June 14) This is a week full of important economic events. The US Federal Reserve will hold a monetary policy meeting. The Fed is expected to leave interest rates unchanged at the end of its two-day meeting on Wednesday, with market watchers focusing on &#8230;<\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[191,334],"tags":[],"class_list":["post-8652","post","type-post","status-publish","format-standard","hentry","category-analytics","category-market-overview"],"featured_image_src":"","blog_images":{"medium":"","large":""},"acf":[],"aioseo_notices":[],"ams_acf":[{"key":"icon","label":"Icon","value":false}],"_links":{"self":[{"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/posts\/8652","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/comments?post=8652"}],"version-history":[{"count":1,"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/posts\/8652\/revisions"}],"predecessor-version":[{"id":8659,"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/posts\/8652\/revisions\/8659"}],"wp:attachment":[{"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/media?parent=8652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/categories?post=8652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/tags?post=8652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}