Analytical Reviews

Get the latest economic news from ForexMart, including updates on the financial market, central bank policy announcements, financial indicators, and other relevant news which can impact the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Economic calendar | June 19 – 23


June, 19 2023
watermark Economic news

Monday, June 19 


The new trading week will not be as busy as the previous one, which was filled with a series of meetings of the boards of key central banks. Nevertheless, a lot of quite interesting and significant data is published. 


For example, the producer price index for Canada is published on Monday. The rate of decline in prices should accelerate from -3.5% to -4.0%. This suggests that deflationary processes are intensifying in the country, which do not promise anything good. And it is quite obvious that the Canadian dollar will be under pressure.


Tuesday, June 20


But Tuesday will not be rich in publications. Data on industrial production in Japan will not cause any interest, as the final data are published. They should coincide with the preliminary estimates already taken into account by the market.


Wednesday, June 21


On Wednesday, all the attention of market participants will be focused on inflation in the UK. It is expected that the growth rate of consumer prices will slow down from 8.7% to 8.4%, which will have a significant impact on the pound on the eve of the meeting of the Board of the Bank of England. 


Most likely, the British regulator will raise the refinancing rate this time, but it is much more important what it will do next. Statements may be made about a temporary pause and the intention to assess the impact of recent interest rate hikes. So a slowdown in inflation will certainly lead to a weakening of the pound. 


The Canadian dollar will also lose its positions. The reason for this will be retail sales, the growth rate of which should slow down from 2.4% to 2.0%.


Thursday, June 22


The main event of the week will be the meeting of the Board of the Bank of England, which will be held on Thursday. The markets are confident that the refinancing rate will be raised from 4.50% to 4.75%. But as noted above, the following comments are much more important. A gradual slowdown in inflation may well lead to the Bank of England taking a kind of pause, which in itself will negatively affect the pound.


Friday, June 23


But at the end of the week, the pound will be able to recoup some of its losses due to retail sales, the rate of decline of which should slow down from -3.0% to 2.4%.


But the yen will lose its position, as inflation in Japan is likely to decrease from 3.5% to 3.2%, which in principle excludes the possibility of an early change in the approach of the Bank of Japan to its monetary policy, which consists in negative interest rates.


コメントする

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.