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It’s another busy few days of economic data in the wake of last week’s barrage of central bank action. Here’s the main events to mark in your trading diary. 

Jay Powell 

After the Fed raised rates by 75bps last week we can start hearing from policymakers again – the usual Fed speakers will be doing the rounds. Chief among these is Jay Powell, who is due to testify on the Semi-Annual Monetary Policy Report before the Senate Banking Committee. The two-day hearing begins on Wednesday, and we can expect further clarification on where the Fed is at in terms of inflation and the likely path of monetary policy. 


Early in the week we hear twice from Reserve Bank of Australia governor Lowe. On Tuesday there’s also the minutes from the last RBA policy meeting, at which it surprised markets with a 50bps hike. Then Lowe is back in action on Friday. 

Home sales 

On Tuesday the US existing housing sales figures are released for a read on the state of the property sector. Mortgage demand has collapsed, indicating house sales have slowed as consumers feel the pinch from rising interest rates and high inflation. 


The focus for sterling and other UK assets will be the latest inflation data on Wednesday. Coming after last week’s Bank of England meeting, it will give more fuel for GBP crosses to move. CPI jumped to 9% in April from 7% in March, indicative of the sharp move higher in prices. 


Thursday is PMI day with flash manufacturing and services surveys for the Eurozone, UK and US due out. These will help provide a snapshot of global economic conditions and show whether businesses are feeling the effect of high cost-input inflation and whether they think they can continue to pass this on to consumers. 

Economic calendar 

Mon Jun 20 12:01am GBP Rightmove HPI m/m 
 12:10am AUD RBA Gov Lowe Speaks 
 7:00am EUR German PPI m/m 
 9:00am GBP MPC Member Haskel Speaks 
 Tentative EUR German Buba Monthly Report 
 2:00pm GBP MPC Member Mann Speaks 
 All Day USD Bank Holiday 
 10:00pm NZD Westpac Consumer Sentiment 
Tue Jun 21 1:00am AUD RBA Gov Lowe Speaks 
 2:30am AUD Monetary Policy Meeting Minutes 
 7:00am CHF Trade Balance 
 8:15am GBP MPC Member Pill Speaks 
 9:00am EUR Current Account 
 11:00am GBP CBI Industrial Order Expectations 
 1:15pm GBP MPC Member Tenreyro Speaks 
 1:30pm CAD Core Retail Sales m/m 
  CAD Retail Sales m/m 
  CAD NHPI m/m 
 3:00pm USD Existing Home Sales 
 3:30pm AUD CB Leading Index m/m 
 Tentative NZD GDT Price Index 
 5:00pm USD FOMC Member Mester Speaks 
 11:45pm NZD Trade Balance 
Wed Jun 22 12:50am JPY Monetary Policy Meeting Minutes 
 1:30am AUD MI Leading Index m/m 
 4:00am NZD Credit Card Spending y/y 
 7:00am GBP CPI y/y 
  GBP Core CPI y/y 
  GBP PPI Input m/m 
  GBP PPI Output m/m 
  GBP RPI y/y 
 9:30am GBP HPI y/y 
 9:40am GBP MPC Member Cunliffe Speaks 
 1:30pm CAD CPI m/m 
  CAD Common CPI y/y 
  CAD Median CPI y/y 
  CAD Trimmed CPI y/y 
  CAD Core CPI m/m 
 2:00pm CHF SNB Quarterly Bulletin 
 3:00pm EUR Consumer Confidence 
  USD Fed Chair Powell Testifies 
 3:40pm CAD Gov Council Member Rogers Speaks 
Thu Jun 23 12:00am AUD Flash Manufacturing PMI 
  AUD Flash Services PMI 
 1:30am JPY Flash Manufacturing PMI 
 6:00am JPY BOJ Core CPI y/y 
 7:00am GBP Public Sector Net Borrowing 
 8:00am CHF KOF Economic Barometer 
 8:15am EUR French Flash Services PMI 
  EUR French Flash Manufacturing PMI 
 8:30am EUR German Flash Manufacturing PMI 
  EUR German Flash Services PMI 
 9:00am EUR ECB Economic Bulletin 
  EUR Flash Manufacturing PMI 
  EUR Flash Services PMI 
 9:30am GBP Flash Manufacturing PMI 
  GBP Flash Services PMI 
 11:00am GBP CBI Realized Sales 
 1:30pm USD Unemployment Claims 
  USD Current Account 
 2:45pm USD Flash Manufacturing PMI 
  USD Flash Services PMI 
 3:00pm USD Fed Chair Powell Testifies 
 3:30pm NAT GAS Natural Gas Storage 
 4:00pm OIL Crude Oil Inventories 
 Tentative USD Bank Stress Test Results 
 All Day NZD Bank Holiday 
Fri Jun 24 12:01am GBP GfK Consumer Confidence 
 12:30am JPY National Core CPI y/y 
  JPY Tokyo Core CPI y/y 
 12:50am JPY SPPI y/y 
 7:00am GBP Retail Sales m/m 
 9:00am EUR German ifo Business Climate 
 12:00pm GBP BOE Quarterly Bulletin 
 12:30pm AUD RBA Gov Lowe Speaks 
 1:30pm GBP MPC Member Pill Speaks 
 2:00pm EUR Belgian NBB Business Climate 
 2:45pm GBP MPC Member Haskel Speaks 
 3:00pm USD Revised UoM Consumer Sentiment 
  USD New Home Sales 
  USD Revised UoM Inflation Expectations 


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