Headlines the Economic Calendar on Friday
German IFO Business Climate Index will be also published. The index based on a survey of manufacturers, builders, wholesalers and retailers and it measures expectations of German Economic Activity for the next six months. The Index is expected to slightly ease to 115.5 in August from 116.0 a month ago. A higher than expected reading should be taken as positive for the EURUSD.
Durable goods orders for July will be important today in the US. Core data excluding transportation is expected to rise 0.4% over the previous month. If it comes better than expectation, data may create a positive reaction on US Dollar.
Jackson Hole meeting will be in focus today. One of the major points will be ECB expectations but according to the latest news, ECB President Draghi is unlikely to give anything away regarding the ECB’s quantitative easing exit plans.
The Fed Chair Janet Yellen will be speaking on the topic of financial stability on Friday and may provide signals to the market about possible Fed moves in the second half of the year. Later in the day, ECB President, Mario Draghi's speech will be also important as any hint about ECB tapering in the autumn will immediately be priced in.
25 Aug 17 (Fri)
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