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In this video, we’ll explore the key economic events, market trends, and corporate news shaping the financial landscape. Get ready for expert insights into forex, commodities, and stocks to help you navigate the week ahead. Let’s dive in!
In this episode of Market Insights, Gary Thomson unpacks the strategic implications of the week’s most critical events driving global markets.
Key topics covered in this episode:
- Inflation Rate in Canada
Canada’s June inflation data (due 15 July) follows May’s steady 1.7% reading. Core inflation eased but stayed sticky. Last month, this supported the CAD. Will fresh data again lift the Canadian dollar?
- US Inflation Rate
US inflation data is due 15 July. In May, CPI was 2.4% and core inflation stayed at 2.8%, both below forecasts but still above target. Cooling prices fueled bets on a Fed rate cut in September, pressuring the dollar. Will softer inflation data reinforce expectations for a September cut and weigh further on the USD?
- UK Inflation Rate
UK June inflation data is due 16 July. May CPI eased to 3.4%, but core inflation was sticky. Markets expect BoE to cut the rate this year, possibly from August. Will core inflation stay high enough to keep the pound supported again?
- US Producer Price Index
US PPI data arrives 16 July. May saw a modest 0.1% monthly rise and 2.6% annual increase, hinting at mild wholesale inflation. Could June’s PPI surprise and shift expectations for a September Fed rate cut?
- Corporate Earnings Statements
Big US financial institutions — JPMorgan, Wells Fargo, and BlackRock — report Q2 earnings on 15 July, likely fueling market volatility amid trade policy uncertainty. Will these earnings help steady sentiment or trigger more turbulence?
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This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
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