US Existing Home Sales, Jerome Powell’s speech, US Durable Goods Orders, German Ifo Business Climate, US Final GDP, US Unemployment Claims are the highlights of this week. Here is an outlook on the main market movers coming our way.
Last week U.S. Federal Reserve two-day policy meeting concluded with a decision to maintain current monetary policy. However, Fed Chair Yellen stated the Federal Reserve may increase rates by as much as 2% until the end of next year, with gradual hikes in between, if “more decisive evidence” arrives from the US labor market. At the same time, the Fed lowered their projections of growth this year, to a range between 1.8% and 2.0%, from the 2.3% to 2.7% rise they predicted in March. Will we see stronger US data in the coming months?
Read the rest of the article Forex Weekly Outlook June 22-26