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WEEK 29 (July 13-19): Forthcoming economic news-releases

The third week of July promises to be quite nervous because of uncertainty in negotiations with Greece. What happens if a Grexit occurs? However statistic data during this week will be rich and diverse, so it also can lead to sharp fluctuations in the market.

Monday, July 13, is not particularly interested in anything.

Tuesday promises important data on UK CPI, German ZEW and US retail sales.

Wednesday will be even richer. There are Chinese GDP expected and Bank of Japan press conference, British data on wages and unemployment, US producer prices (PPI) and press conference from Canadian Central Bank.

Thursday promises to be even more interesting. Early in the morning will come out the New Zealand CPI, later – CPI for Europe. But the main event of the day and the week will be the ECB meeting. Of particular interest is a Draghi press conference, where many questions about Greece will be asked definitely. Later it is also expected Philadelphia Fed index and the speech of the Fed, Janet Yellen, as well as the head of the Bank of England Governor Mark Carney.

Friday significantly lower heat, but it will also be quite interesting. We are waiting for the US building permits statistics, as well as US and Canadian CPI.

Have a profitable week!

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