Forecast for the next week: June 24-28, 2013 Next week will be filled with macro- and microeconomic news from the major worlds’ economies. Lets revise key events: Monday, June 24. IFO Business Climate Index should be published in Germany on Monday. Economists expect it to grow from 105,7 to 106,1. If Germany’s market sentiment gets better, it will support Euro’s positions. Tuesday, June 25. Statistics from the USA will be published during the day. We think that traders should pay attention to durable goods orders and sales of the new housing. It is a known fact that consumer expenditure is a big part of the US GDP. The bigger are durable goods orders, the better recovery of the US economy goes. It is also true for the new housing sales. Industrial manufacturing grew in I quarter of 2013 due to the recovery of the demand for real estate. Wednesday, June 26. In the morning, revised data about French GDP in I quarter will be published. French economy (annual value) has decreased by 0,2%. Economists don’t expect this data to change. After that, during the day, revised data about US GDP will be published. According to the forecast US economy has grown by 2,4% in I quarter. Economists don’t expect this data to change either. However, higher volatility can be expected while publication of this news. Thursday, June 27. Revised GDP (I quarter) of Great Britain should be published during the day. British economy has grown by 0,3%. This data is also unlikely to change. A new trade balance will be published as well. It is expected that deficit will decrease from £14,08 bn to £12,04 bn. If this data matches the forecast, it will support Pound. Also, information about personal expenses and income of the American consumers will be published during the day. Friday, June 28. At night, data from Japan will be published: industrial manufacturing, retail sales and household expenses. Japanese government continues with a major depreciation policy in order to start inflation processes and stimulate economy. Yen got weaker by 30% in I quarter. Some goals have been already achieved – in I quarter of 2013 GDP grew by 1%. Published data will help economists to answer the question, if Japanese government was able to spur domestic consumption. However, it should be noted that a major Yen depreciation policy affects prices for the imported raw materials (prices grow), and gas first of all. It affects trade balance that is negative for a few years now. If demand for cars decreases in Europe, it will also affect Japanese economy negatively. Chicago PMI and Michigan Consumer Sentiment Index should be published at the end of the day. Economists think that indices will decrease. Make profit in Forex with MAYZUS.COM - MAYZUS This information is an analytical review of Capital and FX markets. The material presented, and the information contained, is investment research and should in no way be considered as the provision of investment advice for the purposes of Investment Firms Law 144(I)/2007 of the Republic of Cyprus, or any other form of personal advice, which relates to certain types of transactions, with certain types of financial instruments.
Posted on: Fri, 21 Jun 2013 08:56:31 +0000
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