Economic Calendar | June 28 – July 2

Monday, June 28

Monday traditionally starts quietly and calmly, as the macroeconomic calendar is empty again. However, the whole week is expected to be quite busy.

Tuesday, June 29

Tuesday begins with the release of data on retail sales in Japan, the growth rate of which may accelerate from 12.0% to 12.3%. At the same time, the unemployment rate in the country should remain unchanged, so the yen has a good chance to demonstrate growth.

In the European session, the pound sterling may rise, as Britain presents good statistics on the lending market – the volume of mortgage lending should grow by 3.4 billion pounds. And since the real estate market is one of the main criteria for investment attractiveness for the UK, this growth will provide significant support to the national currency.

Wednesday, June 30

Wednesday kicks off with data on industrial production in Japan, which growth rates may accelerate from 15.8% to 27.0%. And such strong growth could provide significant support to the yen.

But the main event on Wednesday will be the publication of preliminary data on inflation in Europe. Inflation is expected to remain unchanged, which sharply reduces the risks of an increase in the ECB's refinancing rate (which may negatively affect the pace of economic recovery). Accordingly, the inflation statistics will be perceived by the market with incredible optimism and will lead to the growth of the European currency.

After the opening of the American trading session, the Canadian dollar will be under significant pressure. The reason for this will be producer prices, the growth rate of which should accelerate from 14.3% to 16.9%. This means that inflation will continue to grow, which increases the risk of raising the refinancing rate of the Bank of Canada.

Thursday, July 01

On Thursday, it is worth paying attention to the dynamics of the Swiss pound, as the statistics from Switzerland promise to be very weak. In particular, the growth rate of retail sales