Weekly Forex Outlook: 04/06/2021 – ECB and BoC to test taper waters; US CPI in spotlight too
June 4, 2021 10:49 am
The European Central Bank will pretend it is not thinking about tapering when it meets next week, while the Bank of Canada will take a step back to access its recent decision to get the ball rolling on its QE exit process. As the two central banks set the stage for the FOMC meeting in the following week, the May CPI print out of America will catch the attention of the US dollar. In an otherwise quietish week, sterling will be hoping for a boost from the barrage of April production data that’s due in the UK.
0:00 Intro 0:20 ECB and Euro 2:00 ECB taper talk 3:03 Bank of Canada 3:52 Loonie 4:17 US Inflation and dollar 5:50 UK GDP and Pound
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Watch our ”Weekly Forex Review and Outlook” to catch up on the past week’s main events and their impact on major currencies and also find out what important economic data will be coming up in the future.
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The European Central Bank will pretend it is not thinking about tapering when it meets next week, while the Bank of Canada will take a step back to access its recent decision to get the ball rolling on its QE exit process. As the two central banks set the stage for the FOMC meeting in the following week, the May CPI print out of America will catch the attention of the US dollar. In an otherwise quietish week, sterling will be hoping for a boost from the barrage of April production data that’s due in the UK.
0:00 Intro
0:20 ECB and Euro
2:00 ECB taper talk
3:03 Bank of Canada
3:52 Loonie
4:17 US Inflation and dollar
5:50 UK GDP and Pound
Risk Warning: 78.28% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warning.
Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en
Watch our ”Weekly Forex Review and Outlook” to catch up on the past week’s main events and their impact on major currencies and also find out what important economic data will be coming up in the future.
Visit our page for more: http://www.xm.com the international Forex broker.
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