After another sizzling-hot inflation report out of the United States, the European Central Bank and Bank of Japan will meet against the worrisome setting of their currencies plunging. The former is expected to launch its tightening cycle, but the latter may make a surprise policy move even though it has not signaled any action. It’s looking to be an eventful week on the data front as well, as the flash PMI estimates for July and inflation numbers are due in several countries.

0:00 Intro
0:23 ECB meeting and euro
2:28 BoJ and yen
4:20 UK data and pound
5:42 Inflation data, loonie and kiwi
6:49 US data and dollar

For more information on the topics discussed in this video, including detailed charts and tables, read the full Weekly Forex Outlook article:

https://www.xm.com/research/analysis/forexPreviews/xm/week-ahead-pressure-mounts-on-ecb-and-boj-after-latest-dollar-surge-163523

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