Market News

Headlines the Economic Calendar on Friday


In the UK, Manufacturing Production for April will be an important release of today and it is expected to decline to -0.2% from -0.1% in the preceding month. A lower than expected reading should be taken as negative for the Sterling. Market participants will watch the release of May hou...

08 Jun 18 (Fri)

06:24 am

US Initial Jobless Claims


Actual: 222K Forecast: 223K Previous: 223K

07 Jun 18 (Thu)

12:30 pm

Sterling drops after UK PM May's comments


The GBPUSD pair showed a downward movement after May seen to concede to hardline Brexiteers PM May is said to have backed down on no end-date  

07 Jun 18 (Thu)

11:56 am

USDTRY drops significantly after Turkey Interest Rate Decision


CBRT raises one-week repo rate to 17.75%. Prior one-week repo rate 16.50% TURKEY CBANK: IF NEEDED ADDITIONAL TIGHTENING TO BE MADE

07 Jun 18 (Thu)

11:04 am

Turkey Interest Rate Decision


TURKEY'S CENTRAL BANK RAISES ONE-WEEK REPO RATE TO 17.75%

07 Jun 18 (Thu)

11:01 am

Turkey Interest Rate Decision will be published in 15 minutes.


The Rate Decision will be very critical for Turkish Lira, especially just before the election. The Central Bank should continue to have the tight monetary policy. As long as inflation and unemployment remain in double-digit levels, the TL weakness is most likely dominate. We might see some fluctu...

07 Jun 18 (Thu)

10:46 am

Eurozone GDP (YoY) (Q1)


Actual: 2.5% Forecast: 2.5% Previous: 2.5%

07 Jun 18 (Thu)

09:00 am

OPEC meeting in focus


Oil ministers from OPEC, including Russia, are set to meet in Vienna today amid growing expectations that the oil-cartel will agree to extend output cuts for nine-months through 2018. Concerns over Russia willingness to participate in a prolonged period of cuts, however, have weighed on oil price...

07 Jun 18 (Thu)

08:44 am

Eurozone GDP will be published in 15 minutes.


The GDP is expected to come out at 0.4% q-o-q growth as the same as previous number. This would lead to an annual realization of 2.5%. A better than expected realization may support EURUSD.

07 Jun 18 (Thu)

08:44 am

Decision Time For Turkey 


Turkey Interest Rate Decision will be published today. If we look at last month, due to the Turkish Lira weakness, Turkey's central bank interest rates have increased unexpectedly. Late Liquidity raised its lending rate by 300 basis points to 16.5%. Also, the CBRT took a simplification...

07 Jun 18 (Thu)

06:14 am

US Crude Oil Inventories


Actual: 2.072M Forecast: -2.000M Previous: -3.620M

06 Jun 18 (Wed)

02:30 pm

US Crude oil stocks will be published in 10 minutes.


US Crude Oil Inventories is expected to decline by 1.824 M this week. Note that oil stocks declined by 3.620M barrels in last week.

06 Jun 18 (Wed)

02:23 pm

Canada Trade Balance (Apr)


Actual: -1.90B Forecast: -3.40B Previous: -3.93B

06 Jun 18 (Wed)

12:33 pm

US Trade Balance (Apr)


Actual: -46.20B Forecast: -50.00B Previous: -47.20B

06 Jun 18 (Wed)

12:32 pm

US Nonfarm Productivity (QoQ) (Q1)


Actual: 0.4% Forecast: 0.7% Previous: 0.7%

06 Jun 18 (Wed)

12:30 pm

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