Forexlive’s Newsquawk Week Ahead: Key Events to Watch Out for Including FOMC Minutes, US PCE, RBNZ, and Flash PMIs
The week ahead is set to be a busy one for traders and investors alike, with a number of key events on the economic calendar that could have a significant impact on the markets. One of the most important events to watch out for is the release of the Federal Open Market Committee (FOMC) minutes, which will provide insight into the thinking of the US central bank as it continues to navigate the economic fallout from the COVID-19 pandemic.
The FOMC minutes are due to be released on Wednesday, and they are likely to be closely scrutinized by traders and investors looking for clues about the Fed’s future policy direction. The minutes will provide a detailed account of the discussions that took place at the Fed’s most recent meeting, including any changes to its outlook for inflation and interest rates.
Another key event on the economic calendar this week is the release of the US Personal Consumption Expenditures (PCE) data on Friday. This is a closely watched indicator of inflation, and it is expected to show a significant increase in prices in May as the economy continues to recover from the pandemic.
In addition to these events, traders will also be keeping a close eye on the Reserve Bank of New Zealand (RBNZ) meeting on Wednesday. The central bank is expected to keep interest rates on hold at 0.25%, but any hints about future policy changes could have an impact on the New Zealand dollar.
Finally, flash Purchasing Managers’ Index (PMI) data for June will be released throughout the week, providing an early indication of how the manufacturing and services sectors are performing in major economies around the world. This data is closely watched by traders as it can provide insight into future economic growth and inflation trends.
Overall, it looks set to be a busy and potentially volatile week for the markets, with a number of key events on the economic calendar that could have a significant impact on currency and equity markets. Traders and investors will need to stay alert and be prepared to react quickly to any unexpected developments.
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- Source: https://zephyrnet.com/newsquawk-week-ahead-highlights-include-fomc-mins-us-pce-rbnz-flash-pmis-forexlive/
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