German Ifo Business Climate, US CB Consumer Confidence, US Durable Goods Orders, GDP data from the US and the UK, US Unemployment Claims, US Goods Trade Balance; These are the main highlights in Forex calendar. Join us as we explore the market-movers for this week.
Last week, the Federal Reserve released its July meeting minutes, revealing a dispute over the rate hike timing. Despite clear signals from some Fed officials calling for a rate rise in September, many policy makers still believe such a move is premature, asking to delay the increase until inflation firms further towards the 2% target. Others voiced their concerns about their inability to respond in case of a possible economic deterioration or a downturn trend in developments abroad. On the other hand some Fed officials claim a lot of credibility will be lost if the Fed does not move rates this year. In her capacity as the chair and the leader, Janet Yellen will be the driving force behind September’s decision. Will we see a rate hike in September?
Read the rest of the article Forex Weekly Outlook August 24-28