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Forex Focus on ECB this Week

Forex Focus on ECB this Week
Forex Focus on ECB this Week

Good Day to All

We have a slow start for the week today in our forex calendar, but the rest of the week will be very exciting. USDCHF traders await the SNB total sight deposits w.e. 19 July due at 8:00GMT.

EURUSD traders will wait for the ECB meeting on Thursday and the USA Q2 GDP data on Friday.

In our central bank calendar we do not have any comments from Fed members as the blackout period before the FOMC meeting starts today. BoJ Governor Kuroda will deliver a speech at the IMF today.

Business spending in Australia eased for fourth straight month in June, according to Commonwealth Bank’s Business Sales Indicator. Annual trend sales growth also fell from 4.6% to 4.1%, the slowest growth pace in 19 years.

The PBOC has set the Yuan reference rate at 6.8759 vs Friday’s fix of 6.8635.

Increased tensions during the weekend in the Persian Gulf following Iran’s seizure of British oil tanker in the Strait of Hormuz and China –US trade tensions will continue to affect markets across the globe this week.Don’t miss a beat! Follow us on Twitter.

Download our latest quarterly market outlook for our longer-term trade ideas.

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