The Fed will release its latest monetary policy statement on Wednesday, the 27th of July, so keep watching this Economic Calendar to find out more.
Starting things off at 6 AM is the German GfK Consumer Confidence for August. The July Index came in stronger than expected, but this data will be watched for the impact of the Brexit vote.
Swiss UBS Consumption Indicator for June comes at the same time. The Index recovered some ground in May, having slipped to a 14-month low the previous month.
The closely watched UK Preliminary Second Quarter GDP follows at half past 9. This release is still expected to show solid growth, although the British economy could slow down in the second half of the year.
Another high importance release, the US Durable Goods Orders for June, is out at 12:30 PM GMT. Orders saw an unexpected decline in May, partially offsetting a point 5% gain the previous month.
US Pending Home Sales for June will be available at 2. Sales slipped in May, reversing a 3.9% growth a month ago.
And Federal Open Market Committee will release its highly anticipated Monetary Policy Statement at 6, but it will not be followed by a press conference, and traders are not expecting any changes in monetary policy.
These are the news releases to watch this Wednesday. I’m Celeste Skinner and we’ll be back with the next Calendar for Thursday, so check back.
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