Heavy-weight Economic Week June 12-16

By

Christophe Chevalier

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June 9, 2023

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3

Min Read

TC Economic Insight - The Week Ahead (June 12-16)


Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.


We are looking into the trading week of June 12-16 :

We can select economic data of "High", "Medium" or "Low" importance, or any combination of such filters:



We can select which economies to focus on:



“Heavy-weight” U.S. economic events scheduled for the next week will surely impact global financial markets. 


According to Trading Central's "Economic Insight", the U.S. Inflation Rate (to be released on Tuesday, June 13) should slow further to 4.7% on year in May.


And on Wednesday (June 14), the U.S. Federal Reserve is expected to keep its key interest rate unchanged at 5.25%, i.e. a pause to rate-hikes which started in March 2022.




In the past 12 U.S. Inflation Rate reports, EUR/USD rose in 58% of times (7 out of 12 reports) within one hour from the report’s release, marking a trading range of 98.28 pips on average.



Other key economic data include:


Monday (June 12)

Australia's stock market is closed for King's Birthday.

Japan Producer-Price Growth is expected to slow to 4.9% on year in May.


Tuesday (June 13)

Australia Westpac Consumer Confidence Index may rise to 81.5 in June.

U.K. Unemployment Rate is expected to stay at 3.9% in April.

Germany ZEW Economic Sentiment Index may tick down to -12 in June.

U.S. Inflation Rate is expected to slow to 4.7% on year in May.


Wednesday (June 14)

U.K. GDP is expected to grow 0.2% on month in April.

U.K. Industrial Production may edge up 0.1% on month in April.

Eurozone Industrial Production is expected to increase 1.9% on month in April.

U.S. Producer-Price Growth is expected to slow to 2.1% on year in May.

U.S. Federal Reserve may pause rate-hikes, to keep key rate at 5.25%.


Thursday (June 15)

New Zealand GDP is expected to grow 3.0% on year in the first quarter.

Australia Unemployment Rate may stay at 3.7% in May.

Japan Exports could grow 2.1% on year in May.

China Industrial Production is expected to rise 5.0% on year in May.

China Retail Sales are expected to grow 12.0% on year in May.

The European Central Bank is expected to hike its key rate by 25 basis points to 4.00%.

U.S. Retail Sales may grow 0.5% on month in May.

U.S. Industrial Production is expected to grow 0.2% on month in May.

U.S. Philadelphia Fed Manufacturing Index should rise to +3.0 in June.

U.S. New York State Manufacturing Index could improve to -5.0 in June. 

U.S. Initial Jobless Claims are expected to rise to 275,000.


Friday (June 16)

The Bank of Japan is expected to keep its key rate unchanged at negative -0.10%.

U.S. University of Michigan Consumer Sentiment Index may rise to 60.8 in June. 


Happy Trading!


Source: Trading Central Economic Insight

Christophe Chevalier

Technical Analyst
Christophe has an STA Level 1 & 2 from the Society of Technical (UK), an MS in Financial Trading ESLSCA France’s elite financial education university and an MBA from ISC Paris Business School. He joined TC in 2007, bringing over 11 years experience in financial markets.
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