The week ahead planned to be more quiet than usual, but with both Mario Draghi and Janet Yellen scheduled to appear on Friday, in Jackson Hole, traders are keen to get more insight into the plans of the two central banks, both of which are now pursuing less accommodating monetary policy. The Fed began its tightening cycle almost two years ago now and next month they’re expected to announce plans to start winding down its balance sheet which currently stands at close to $4.5 trillion.
(All times are GMT)
On Tuesday, at 12:30pm Statistics Canada releases statistics about monthly Core Retail Sales.
On Wednesday, at 7:00pm ECB President Mario Draghi delivers opening remarks at the 6th Lindau Meeting on Economic Sciences, in Germany.
At 2:30pm Energy Information Administration will publish Crude Oil Inventories. Market volatility and exchange rates for many currencies depend on oil prices.
On Thursday, at 8:30am Office for National Statistics of Great Britain provide GDP Second Estimate (q/q).
At 12:30pm numbers of US Unemployment Claims are expected from Department of Labor.
On Friday, at 8:00am Ifo Institute for Economic Research will provide information about German business sentiment.
At 12:30pm US Census Bureau releases monthly Core Durable Goods Orders statistics.
At 4:00pm Federal Reserve Chair Yellen delivers a speech titled “Financial Stability” at the Federal Reserve Bank of Kansas City Economic Symposium, in Jackson Hole.
At 7:00pm ECB President Mario Draghi speaks at the Federal Reserve Bank of Kansas City Economic Symposium, in Jackson Hole.
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