Key Financial Indicators from 24 Jul to 28 Jul

Image above shows the key events that are going to take place in the week ahead!

The week is going to start off in Europe, with a series of PMI indicators being released. Based on current trends, positive results are expected to be delivered.

Next up, Asia and Oceania region are coming up with several indicators with Japan having a monetary policy meeting, and basing on last week's interest rate statement, a neutral tone is likely to be struck, minimizing the market movement of Yen. This is followed by the release of Australia's Inflation Rate with a previous reading of 2.1% for YoY and 0.5% for QoQ.

Ending off with a series of release of GDP Growth Rate Preliminary from United Kingdom, Europe and lastly, the United States. Do bear in mind, these are still preliminary readings, hence market sentiment would be the key factors in these trades, do trade cautiously!

In between, Fed is expected to remain its interest rate stance, with an increase either in Sep or Dec meeting. However, something interesting to look out for would be on a possible shift in tone from Janet Yellen as continued bad indicators readings are pressuring her to lower her bullish sentiments of the market.

Japan is also receiving its unemployment rate and inflation rate too but i doubt there would be significant movement from these readings. There are still plenty items on agenda yet to be resolved such as the political position for the next election and also various trade agreements(TTP and Euro Trade Deal).

Tip pair for the week would be USD/JPY as i believe with the support now broken, it would continue to go down. Personally, I foresee another bad week of USD is coming in with weak data and political instability further pushing the USD valuation down.

Hopefully these info helps, i'll wait for the movement in the market next week to come out with an up to date technical analysis of it! Ciaoooo!