Investors are waiting for many important forex news during this week, as Federal Reserve Chair Janet Yellen will deliver important statements on the future of raising interest rates and plans to reduce the Fed's budget, and on the other hand in the euro area, markets are awaiting the European economy's release of inflation data on Friday. In addition to a set of speeches by the heads of central banks at the European Central Bank Forum in Portugal.
Here is a list of the most important events of this week:
Monday 26th June
It is expected that the President of the European Central Bank, Mario Draghi, will open the annual forum of the European Central Bank in Portugal, while the Ifo Institute will release its data on the German business climate.
In the United States, data on durable goods orders will be released.
Tuesday 27th of June
The British Central Bank is expected to release its semi-annual financial stability report, and Bank President Mark Carney will make some important statements.
In the United States, Reserve Bank President Janet Yellen will speak in London, and a report on consumer confidence will be announced.
Wednesday 28th June
Several central bank chiefs will speak at the ECB Banking Forum in Portugal, which includes the president of the European Central Bank, the Bank of England, the Bank of Canada and the Bank of Japan.
In the United States, pending home sales will be announced.
[banner-group name='bannerforex']Thursday 29th June
The United States will release the final data on the economic growth rates for the first quarter and the weekly unemployment benefits report will be announced.
In Germany, preliminary data on inflation rates will be published, and in New Zealand, a report on business confidence will be presented.
Friday 30th June
The Chinese economy will announce its data on the activity rates of the manufacturing and service sectors. In Germany, data on retail sales will be published. In the euro area, preliminary data on inflation rates will be published.
In Britain, current account data will be released, and in Canada, monthly data on economic growth rates will be published, while in the United States, personal spending data and data on consumer sentiment will be announced.
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