FX Markets: German Industrial Production in Focus
The week starts in Europe with the Trade and German Industrial Production to be released at 6:00GMT, traders will look for some fresh cues about the health of the German economy. The German industrial output is likely to contract further in May. The previous week macro data disappointed investors, and if today we have a worst than expected figure will strength the scenario for a stimulus by the ECB. The Eurozone Sentix Investors Confidence for the month of July will be published at 8:30GMT, with analysts forecast at 0.0 versus June’s -3.3.
Bank Of Japan released earlier that maintains it’s economic assessment for all 9 regions in it’s quarterly report.
Turkish Lira (USDTRY), is down over 2% versus greenback after President Erdogan sacked the Central Bank governor Cetinkaya.
Fed Chair Powell’s testimony before the Congress and the FOMC June meeting’s minutes later this week will attract investors’ attention.Don’t miss a beat! Follow us on Twitter.