Dennis Lockhart speech, German ZEW Economic Sentiment, UK Jobs data, US Retail sales, Unemployment claims, German GDP data US PPI, Consumer sentiment are the forex highlights for this week. Join us as we explore the major events coming our way.
Last week the US major jobs report registered another solid gain of 215,000 positions, indicating the US employment is on the right track. Despite the lower than expected jobs increase, wages continued to climb, unemployment rate remains unchanged and the jobs gain show solid growth, giving green light for the Fed to raise rates in September. However, September rate hike is not a sure thing. Low inflation cools growth and may postpone the Fed’s longed for decision.
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