07.07.2016 – Economic Calendar by Dukascopy

By | July 6, 2016

Find out which news releases could shake up the currency markets on Thursday, the 7th of July.
German Industrial Production for May is up first at 6 AM. Output rebounded in April, following 2 months of decline.
Swiss National Bank Foreign Currency Reserves for June will be published at 7. The reserves continued to rise in May, reaching yet another record-high level.
Swiss Consumer Price Index for June follows 15 minutes later. Prices did see some growth on a monthly basis in May as petrol, groceries and rent prices inched higher.
UK Industrial Production for May comes at half past 8. The April data surprised very much on the upside as output posted the strongest growth in almost 4 years.
European Central Bank will release the high importance Minutes of its June meeting at 11:30. The meeting took place before the Brexit vote, and it would be interesting to see whether the policy makers anticipated its impact.
Coming up next at 12:15 PM GMT is the US ADP Non-Farm Employment Change for June. The May estimate did show some improvement from the disappointing drop to 166 thousand new jobs a month ago.
The closely watched weekly update on US Jobless Claims follows at half past noon. Initial claims went up by 10 thousand during the week ending June 25, whereas the continuing claims dropped by 20 thousand during the week ending June 18.
Canadian Building Permits for May are out at the same time. The number of permits has been decreasing for the past 2 months.
UK NIESR Monthly GDP Estimate for June will be available at 2. The previous estimate covered the three months up to May and showed a slightly stronger growth than the point 4% gain the previous period.
And Canadian Ivey PMI for June comes at this time as well. The Index came in weaker than anticipated in May, slipping in the negative territory for the first time in 5 months.
That was me, Kiays Khalil, with the Economic Calendar for Thursday. Check back in for the next overview of news releases for Friday. Goodbye.

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