Gross Domestic Product, Japan
WHEN: 7 June 2021
WHAT IT INFLUENCES: JPY and its subsequent pairs
WHAT'S HAPPENING: The Gross Domestic Product released by the Cabinet Office shows the monetary value of all the goods, services and structures produced in Japan within a given period. GDP is a gross measure of market activity because it indicates whether the Japanese economy is growing or decreasing. A high reading or a better than expected number is positive for the JPY, while a low reading is negative.
ZEW survey for economic sentiment, Germany
WHEN: 8 June 2021
WHAT IT INFLUENCES: EUR and its subsequent pairs
WHAT'S HAPPENING: Economic Sentiment Index gauges the six-month economic outlook. A level above zero indicates optimism; below it indicates pessimism. The reading is compiled from a survey of roughly 350 German institutional investors and analysts. A reading that is stronger than forecast is usually positive or bullish for the EUR, while a weaker than forecast reading is generally negative or bearish for the EUR.
Gross Domestic Product, Eurozone
WHEN: 8 June 2021
WHAT IT INFLUENCES: EUR and its subsequent pairs
WHAT'S HAPPENING: The Gross Domestic Product, released by the Eurostat, measures the total value of all goods and services produced by the Eurozone. The GDP is a broad measure of the Eurozone economic activity and health. Usually, a rising trend has a positive effect on the EUR, while a falling trend has a negative one.
BoC Interest Rate Decision, Canada
WHEN: 9 June 2021
WHAT IT INFLUENCES: CAD and its subsequent pairs
WHAT'S HAPPENING: BoC Interest Rate Decision is announced by the Bank of Canada. If the bank is hawkish about the inflationary outlook of the economy and raises the interest rate, it is positive (bullish) for the CAD. If the Bank is dovish about the Canadian economy and keeps or cuts the ongoing interest rate, it is seen as negative (bearish) for the CAD.
Consumer Price Index Ex Food & Energy, USA
WHEN: 10 June 2021
WHAT IT INFLUENCES: USD and its subsequent pairs
WHAT'S HAPPENING: The Consumer Price Index (CPI) Ex Food & Energy released by the U.S. Department of Labour Statistics is a measure of price movements by comparing the retail prices of a representative shopping basket of goods and services. Volatile products, such as food and energy, are excluded to capture an accurate calculation. Generally speaking, a high reading is seen as positive or bullish for the USD, while a low reading is negative, or bearish.
ECB monetary policy statement and press conference, Eurozone
WHEN: 10 June 2021
WHAT IT INFLUENCES: EUR and its subsequent pairs
WHAT'S HAPPENING: Following the ECB's economic policy decision, the ECB President gives a press conference regarding monetary policy. His comments may influence the volatility of EUR and determine a short-term positive or negative trend. His hawkish view is considered positive or bullish for the EUR, whereas his dovish outlook is negative or bearish.
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