Next Week Fundamental Data You Don't Want To Miss!

This last week of the month, will bring a load of information including GDP, inflation readings, and employment figures in Europe. The data will be key for Central Banks later decisions, and market players will be eager to price it in.


USD and Gross Domestic Product, June 26th

• Current 2.4% - Expected 2.4%
• Above expected: USD Bullish
• Below expected: USD Bearish
• Key pairs to watch: EUR/USD, USD/JPY, AUD/USD, GBP/USD

With greenback strong across the board, GDP data will be a big market mover, despite is only a revision of previous release. A reading in line with expectations or above it, will support the greenback trough the idea of QE tapering, sending it higher particularly against EUR and JPY. A reading below expected however, can trigger some corrections against the American currency, although won’t be expecting market players to reverse recent gains. A strong deviation to the downside, a reading below 2.0% however, can affect the currency and trigger a stronger pullback.

GBP and Gross Domestic Product, June 27th

• Current 0.6%
• Above expected: GBP Bullish
• Below expected: GBP Bearish
• Key pairs to watch: GBP/USD, EUR/GBP

Market is still not ready to sell GBP that holds pretty well latest dollar attacks. However, data over this month has been not as bright as we have seen in May, and Pound is no longer the star of the board. A positive reading may put buyers back in control, and diminish the effects of other economies woes in the pair. A bad reading however, will gave investors the final reason required to sell GBP.

JPY and Consumer Price Index, June 27th

• Current -0.7%
• Above expected: JPY Bullish
• Below expected: JPY Bearish
• Key pairs to watch: USD/JPY, EUR/JPY, GBP/JPY

Yen continues strong, and another approach to 100.00 seems too far away now. With BOJ inflation target at 2.0%, and all the stimulus already applied to the economy, we should expect a positive reading this month, and therefore more yen strength: a number above expected will suggest things are going on as planned, and no more easing is required at the moment. On the other hand, a reading below expected, should send investors price in more facilities, and therefore, trigger strong losses in JPY, particularly against the greenback.

Source: http://dld.bz/cFneV