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2021/06/14 Market Chat

Authored by ZanderVanDerMerwe
14.06.2021
Market Commentary
0
2 min

The week in review was fairly positive in review as we saw the US indices and European Indices edge higher as last week’s inflationary data forced a risk on position for the majority of investors. This week will be very interesting to see if the rising inflation will force the Fed’s hand as inflation for last month increased to 5%.

Friday’s Dollar strength following Thursday’s inflation data might be an indication of investors expectations that the Fed might be taking a hawkish point of view to increase rates sooner than expected or at least take actions with regards to asset purchasing. The Dollar strength saw Gold and Silver close the week lower while Brent closed the week out well above $72.

The coming week is filled with high impact economic calendar news events as BOE Gov Bailey is set to speak on Monday and Tuesday. There are also Monetary Policy Statements set for address out of Australia, Switzerland, the US and Japan.

Monday (SAST)
All Day - Bank Holiday (AUD, CNY)
3:00 pm - BOE Gov Bailey Speaks
Due to speak about at an online conference hosted by the Association of Treasurers. Audience questions expected

Tuesday (SAST)
3:30 am - Monetary Policy Meeting Minutes (AUD)
2:15 pm - BOE Gov Bailey Speaks (GBP)
Due to speak about the future growth of UK-based financial services at an online conference hosted by TheCityUK. Audience questions expected
2:30 pm - Core Retail Sales m/m (USD)
- PPI m/m (USD)
- Retail Sales m/m (USD)

Wednesday (SAST)
8:00 am - CPI y/y (GBP)
2:30 pm - CPI m/m (CAD)
4:30 pm - Crude Oil Inventories (USD)
8:00 pm - FOMC Statement (USD)
8:30 pm - FOMC Press Conference (USD)

Thursday (SAST)
12:30 am - BOC Gov Macklem Speaks (CAD)
12:45 am - GBP q/q (NZD)
2:10 am - RBA Gov Lowe Speaks (AUD)
3:30 am - Employment Change (AUD)
- Unemployment Rate (AUD)
9:30 am - SNB Monetary Policy Assessment (CHF)
2:30 pm - Philly Fed Manufacturing Index (USD)
- Unemployment Claims (USD)

Friday (SAST)
Tentative - Monetary Policy Statement (JPY)
- BOJ Press Conference (JPY)

Authored by ZanderVanDerMerwe
14.06.2021
Market Commentary
0
2 min

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