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Your Weekly Fundamental View (June 26–30)

By Admiral Markets

Need to Know

The main focus of this week is on Central Bank’s reports and press conferences. This week is extremely rich in fundamental data that will be presented by Central Banks’ governors and chiefs. ECB, BOE, FED, BOC, and BOJ reports are all scheduled for this week, so be sure to pay close attention.

Coming Up

US Core Durable Orders out on Monday, 26 June

The data represents a change in the total value of new purchase orders placed with manufacturers for durable goods, excluding transportation items.

Why should you care? It’s a leading indicator of production.

US CB Consumer Confidence Due on Tuesday, 27 June

The data represents a level of a composite index based on surveyed households.

Why should you care? Financial confidence is a leading indicator of consumer spending.

ECB President Draghi Speaks at the European Central Bank Forum in Portugal on Tuesday, 27 June

Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues and future steps in the monetary policy. In the position of Head of the ECB, Mr Draghi has the most sufficient influence over the Euro’s value.

Why should you care? Traders could benefit from short-term volatility in EUR crosses during Draghi’s speeches.

BOE Financial Stability Report out on Tuesday, 27 June

An important report that focuses on conditions in the financial system and potential risks to financial stability. It is released twice a year. Following the release of the report, BOE Governor Carney will hold a press conference on the Financial Stability Report.

Why should you care? Traders could benefit from short-term volatility in GBP crosses once the report has been released as well as from Mr Carney’s speech shortly after.

FED Chief Yellen Speaks on Tuesday, 27 June

Federal Reserve Chair Janet Yellen is due to speak about global economic issues at the British Academy ‘President’s Lecture’, 2017 in London.

Why should you care? Audience questions are expected that might move the USD currency basket.

BOC Governor Poloz Speaks on Wednesday, 28 June

BOC Governor Poloz will participate in a panel discussion at the European Central Bank Forum on Central Banking in Portugal.

Why should you care? Traders could benefit from short-term volatility in CAD crosses during his speeches.

ECB, BOE, and BOJ Governors Speak on Wednesday, 28 June

Chief heads of Central Banks will speak during a panel discussion at the European Central Bank Forum on Central Banking in Portugal.

Why should you care? Watch out for short-term volatility in JPY, GBP, and EUR crosses!

US Final GDP Due on Thursday, 29 June

The data represents the annualised change in the inflation-adjusted value of all goods and services produced.

Why should you care? It’s an important gauge of the economy’s health.

US Unemployment Claims Released on Thursday, 29 June

These claims are the earliest national economic data, representing the number of individuals who filed for insurance for the first time during the past week. If the actual result comes weaker than the forecast, it could be deemed good for the currency.

Why should you care? The number of unemployed people is an important signal of the overall economic health and could hint at future monetary policy steps.

UK GDP Growth Rate Released on Friday, 30 June

Source: Historical GDP Change in the UK

The GDP represents a change in the inflation adjusted value of all goods and services produced.

Why should you care? It’s an important gauge of the economy’s health. The movement in the GBP currency basket could be good for short-term trading.

Article by Admiral Markets

Source: Your Weekly Fundamental View (June 26–30)


Admiral Markets is a leading online provider, offering trading with Forex and CFDs on stocks, indices, precious metals and energy.

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About Louie Lewis

Louie Lewis
Successful forex trading starts with you first. Then comes the actual strategies and techniques. I have been involved with forex and forex trading for a few years now. It is a wonderful way to build wealth. The learning never stops and I want to help others along their journey into this wonderful market of opportunity.

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