There’s not much on the Economic Calendar for Friday the 11th of August, however, greenback trader’s may want to tune in as there is some high importance data coming from the US. The schedule starts at 6 AM GMT with some releases from Germany, namely, the Final German Consumer Price Index for July. Consumer prices in Germany are expected to increase by 1.7% year on year, above market consensus and the highest inflation rate since April. The boost was mainly driven by rising energy prices. At the same time is the German Wholesale Price Index for July. The monthly index rose to 0% in June, from a disappointing -0.7% figure in May. 45 minutes later is the French Final Consumer Price Index for July. The annualised rate is expected to stay at point 7% in July, unchanged from the previous month’s six month low. Consumer prices increased for food, energy and services in France, whilst dropping prices in manufacturing products continued to weigh down the index. Greenback traders should be keeping a close eye on July’s inflation figures from the United States at 12.30PM GMT. Consumer prices increased 1.6% year on year in June 2017, which is the lowest inflation rate since October 2016 and was driven down due to a fall in gasoline prices. I’m Kiays Khalil and that’s all for Friday’s Economic Calendar. Be sure to tune back in tomorrow, for a preview of important news releases to watch out for on Monday. See you then.
There’s not much on the Economic Calendar for Friday the 11th of August, however, greenback trader’s may want to tune in as there is some high importance data coming from the US.
The schedule starts at 6 AM GMT with some releases from Germany, namely, the Final German Consumer Price Index for July. Consumer prices in Germany are expected to increase by 1.7% year on year, above market consensus and the highest inflation rate since April. The boost was mainly driven by rising energy prices.
At the same time is the German Wholesale Price Index for July. The monthly index rose to 0% in June, from a disappointing -0.7% figure in May.
45 minutes later is the French Final Consumer Price Index for July. The annualised rate is expected to stay at point 7% in July, unchanged from the previous month’s six month low. Consumer prices increased for food, energy and services in France, whilst dropping prices in manufacturing products continued to weigh down the index.
Greenback traders should be keeping a close eye on July’s inflation figures from the United States at 12.30PM GMT. Consumer prices increased 1.6% year on year in June 2017, which is the lowest inflation rate since October 2016 and was driven down due to a fall in gasoline prices.
I’m Kiays Khalil and that’s all for Friday’s Economic Calendar. Be sure to tune back in tomorrow, for a preview of important news releases to watch out for on Monday. See you then.
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