Here is what you need to know about the important news between June 27th, 2022, and July 1st 2022, where we take a look at the economic data, market news and headlines likely to have the biggest impact on the market prices this week and beyond, as well as the US Dollar, and other key correlated assets.
U.S. dollar index
The dollar indicator slipped to 104 on the beginning of the week, as investors except poor results on the US economic indicators for this week, with the main announcements to be expected on Tuesday for the Consumer Confidence Index, on Thursday for the Core PCE index, and Friday for the ISM Manufacturing index.
Us Stocks
The US stocks were slightly up on Friday with the momentum to seem to be on uptrend, also focusing this week on the Panel Discussion at the ECB Forum on Central Banking, which is expected to be held on Wednesday 13:30 GMT in Portugal. The ECB President Lagarde and UK Gov Bailey will also take part on this.
European Central Bank
European Central Bank President Lagarde will be on the Policy Panel along with FED Chair Jerome Powel and BOE Gov Bailey, with investors to be waiting for any new clues regarding the policy measures and interest rates for the upcoming meetings.
Gold
Gold rose on Friday to $1837 late night, with Monday morning starting also with the same momentum, as G7 countries are planning to ban bullion imports from Russia, which might tighten supplies and push the price higher
Oil
Leaders of the Group of Seven (G7) are expected to discuss ways to tackle rising energy prices. Measures include a possible price cap on Russian crude and oil products exports, which might curb Russia’s revenue and at the same time reduce the damage to other economies.
Economic calendar most important releases (times are in GMT):
Monday, June 27
Day 2 G7 Meetings
Tuesday, June 28
14:30 –USD – CB Consumer Confidence
Wednesday, June 29
13:30 – GBP – BOE Gov Bailey Speaks
13:30 –EUR – ECB President Lagarde Speaks
13:30 – USD – Fed Chair Powell Speaks
Thursday, June 30
12:30 – USD – Core PCE Price Index m/m
Friday, July 01
14:00 –USD – ISM Manufacturing PMI
Thanks for reading! Have a great week!
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