Upcoming U.S. Inflation Rate and Major Economic Events for July 10-14


George Lam


July 7, 2023



Min Read

TC Economic Insight - The Week Ahead (July 10-14)

Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.

On the left side of the page, we can choose trading week of July 10-14 and filter by data importance as well as countries:

The major focus for the week will be the U.S. Inflation Rate for June, lets take a look at what Economic Insight provides:

According to Trading Central's "Economic Insight", the U.S. Inflation Rate is expected to slow to 3.6% on year in June from 4.0% in May. By clicking on the little icons on the right, investors can find out:

"Volatility" shows that in the past 12 U.S. Inflation Rate releases, EUR/USD rose in 67% of times (8 out of 12 reports) within one hour from the data release, marking an average trading range of 95.59 pips.

"Impact" shows that last time (i.e. when Inflation Rate for May released on June 13) how EUR/USD reacted to the data release on an intraday chart.

Key economic data for the week:

Monday (July 10)

- China's Inflation Rate is expected to rebound to 0.5% on year in June, while Producer Prices Index decline is anticipated to narrow to 4.4%.

Tuesday (July 11)

- Australia's Westpac Consumer Confidence Index is expected to rise to 80.4 in July, while NAB Business Confidence Index is estimated to be down to -6 in June.

- U.K. Unemployment Rate to rise to 3.9% in March-May period.

- German ZEW Economic Sentiment Indicator is expected to decline to -13.0 in July.

Wednesday (July 12)

- Japan's Producer Prices Index growth is anticipated to slow to 4.5% on year in June, while Machinery Orders are expected to drop 1.2% on month in May.

- The Reserve Bank of New Zealand is expected to keep its benchmark rate unchanged at 5.50%.

- U.S. Inflation Rate is expected to cool down to 3.4% on year in June.

- The Bank of Canada is expected to increase its main interest rate by 25 basis points to 5.00%.

Thursday (July 13)

- China's Imports are expected to drop 2.0% on year in June and exports are estimated to be down 3.1%.

- U.K. Gross Domestic Product is likely to be flat on month in May.

- U.S. Producer Price Index is expected to cool down to 0.2% on year in June.

Friday (July 14)

- U.S. Michigan Consumer Confidence is expected to climb to 64.5 in July.

Traders who are looking for high volatility events may keep an eye on the Reserve Bank of New Zealand's (average 57 pips range for NZD/USD) and the Bank of Canada's interest rate decision (average 58 pips range for USD/CAD), both due on Wednesday.

Source: Trading Central Economic Insight

George Lam

Technical Analyst
George Lam is a technical analyst attached to Trading Central's Hong Kong Office. George graduated from the University of Manchester with a bachelor's degree in economics, and has been engaged in the financial analysis field in Hong Kong for about 10 years.
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