{"id":8869,"date":"2024-07-01T06:16:50","date_gmt":"2024-07-01T06:16:50","guid":{"rendered":"https:\/\/justmarkets.eu\/?p=8869"},"modified":"2024-07-01T06:16:51","modified_gmt":"2024-07-01T06:16:51","slug":"weekly-overview-2024-06-24","status":"publish","type":"post","link":"https:\/\/justmarkets.eu\/pt\/analytics\/weekly-overview-2024-06-24\/","title":{"rendered":"Week&#8217;s main events (June 24 \u2013 June 28)"},"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 24 \u2013 June 28)<\/h1>\r\n<div class=\"ag-analytics-page ag-market-overview-page\">\r\n <p class=\"ag-analytics_text\">\r\nThere will be several important events in the coming week. The main event will be the inflation data in Canada and Australia. Inflationary pressures are expected to fall in both, but there may be surprises. Also, the US, Canada, and UK GDP data will be released this week. This data will show how the economy works during high interest rates. Typically, GDP growth is accompanied by a stronger currency, as a strong economy allows the central bank to hold rates further to fight inflation. The Fed&#8217;s favorite measure of inflation, the Personal Consumption Expenditures &#160;(PCE) Price Index, will be released on Friday and should show whether the emerging slowdown in inflation continues. The latest PCE reading was not in line with expectations. Another such reading could undermine the case for a rate cut soon. \r\n\r\n  <\/p>\r\n\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Monday, June&#160;24\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nOn Monday, investors will focus on Germany&#8217;s Business Climate from Ifo. This data is based on approx.&#160;9,000 monthly responses from businesses in manufacturing, the service sector, trade, and construction. Also, traders should not miss the Canada BoC Gov Macklem Speech.\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 New Zealand Trade Balance&#160;(q\/q) at&#160;01:45&#160;(GMT+3);<\/li>\r\n<li>\u2013 Singapore Consumer Price Index&#160;(m\/m) at&#160;08:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 German Ifo Business Climate&#160;(m\/m) at&#160;11:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 Canada BoC Gov Macklem Speaks at 20:45&#160;(GMT+3);<\/li>\r\n<li>\u2013 US FOMC Member Daly at 21:00&#160;(GMT+3).<\/li>\r\n\r\n  <\/ul>\r\n\r\n  \r\n  <div class=\"ag-analytics_title\">\r\n    Tuesday, June&#160;25\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nCanada will release its inflation report on Tuesday. In annualized terms, the inflation rate is expected to decline from&#160;2.7% to&#160;2.6%. However, the Bank of Canada likes to focus on median figures. Also, the market participants will follow the US CB confidence report. Consumer confidence is expected to decline, which could negatively affect the US dollar.\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 Canada Consumer Price Index&#160;(m\/m) at&#160;15:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 US CB Consumer Confidence&#160;(m\/m) at&#160;17:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 US FOMC Cook Speaks at&#160;19:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 US FOMC Bowman Speaks at 21:10&#160;(GMT+3).<\/li>\r\n\r\n  <\/ul>\r\n\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Wednesday, June&#160;26\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nOn Wednesday, traders should focus on Australia&#8217;s consumer inflation data. Inflation is expected to decline from&#160;3.6% to&#160;3.5% annually. For the RBA, this is not enough to start lowering rates. Therefore, the Australian dollar may even become a factor in its strengthening. Also not to be missed is the weekly crude oil inventories report. Given the limited supply and growing geopolitical risks, lower inventories may significantly support the price of black gold.\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 Consumer Price Index&#160;(m\/m) at&#160;04:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 German GfK Consumer Climate&#160;(m\/m) at&#160;09:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 US Building Permits&#160;(m\/m) at&#160;15:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 US New Home Sales&#160;(m\/m) at&#160;17:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 US Crude Oil Reserves&#160;(w\/w) at&#160;17:30&#160;(GMT+3).<\/li>\r\n\r\n  <\/ul>\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Thursday, June&#160;27\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nThursday, we will see the release of the US monthly GDP data. The US economy is expected to grow by&#160;1.4%. Traders should also pay attention to Japan&#8217;s retail sales report. It is expected to see a rise&#160;2.0% y\/y. It\u2019s a bank holiday in New Zealand.\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 Japan Retail Sales&#160;(m\/m) at&#160;02:50&#160;(GMT+3);<\/li>\r\n<li>\u2013 UK BoE Financial Stability Report at&#160;12:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 UK BoE Gov Bailey Speaks at&#160;12:30&#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 Durable Goods Orders&#160;(m\/m) at&#160;15:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 US GDP&#160;(q\/q) at&#160;15:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 US Pending Home Sales&#160;(m\/m) at&#160;17:00&#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\r\n  <\/ul>\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Friday, June&#160;28\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nFriday will bring various statistics for many countries. The most essential Friday&#8217;s release is May&#8217;s Personal Consumption Price Index data &#8211; the US Federal Reserve&#8217;s favorite measure of inflation. The report is expected to show lower prices, but there could be surprises. Also, traders should watch Tokyo inflation data and the UK GDP report on Friday. The Tokyo inflation report is a precursor to overall inflation for the country, and the Bank of Japan is keen to see this figure rise. As for the UK, economists forecast a modest&#160;0.6% quarter-on-quarter increase. But it will be positive for the British currency.\r\n\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 Tokyo Core CPI&#160;(m\/m) at&#160;02:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 Japan Unemployment Rate&#160;(m\/m) at&#160;02:30&#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 German Retail Sales&#160;(m\/m) at&#160;09:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 Switzerland KOF Economic Barometer&#160;(m\/m) at&#160;10:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 German Unemployment Rate&#160;(m\/m) at&#160;10:55&#160;(GMT+3);<\/li>\r\n<li>\u2013 US PCE Price index&#160;(m\/m) at&#160;15:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 Canada GDP&#160;(m\/m) at&#160;15:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 US Chicago PMI&#160;(m\/m) at&#160;16:45&#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\r\n  <\/ul>\r\n\r\n<p class=\"ag-analytics_text\">by <span class=\"author vcard\"><span class=\"fn\">JustMarkets<\/span><\/span>, <span class=\"updated\">2024.06.24<\/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 24 \u2013 June 28) There will be several important events in the coming week. The main event will be the inflation data in Canada and Australia. Inflationary pressures are expected to fall in both, but there may be surprises. Also, the US, Canada, and UK GDP &#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-8869","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\/8869","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=8869"}],"version-history":[{"count":1,"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/posts\/8869\/revisions"}],"predecessor-version":[{"id":8913,"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/posts\/8869\/revisions\/8913"}],"wp:attachment":[{"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/media?parent=8869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/categories?post=8869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/tags?post=8869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}