Economic Calendar on Week Ahead June 24th

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Join us at TPwithUS, your premier Forex trading signals and analysis destination. Stay ahead with our expert insights on the Week Ahead June 24th, 2024, covering key economic events in America, Europe, and Asia.

The economic calendar for the week ahead, June 24th, may have the following potential impact on the forex market:

Economic Calendar on Week Ahead June 24th

Monday, June 24th

• US:
  • Industrial Production (MoM) and Capacity Utilization Rate (May) at 8:15 AM ET:
    • If the data beats expectations, USD may strengthen against major currencies such as EUR, GBP, and JPY.
    • If the data disappoints, USD may weaken.
• Europe:
  • Germany: ZEW Economic Sentiment (June) at 9:00 AM CET:
    • A positive reading may boost the EUR against the USD and other majors.
    • A negative reading may lead to a decline in EUR.

Tuesday, June 25th

• US:
  • Housing Starts (MoM) and Building Permits (MoM) (May) at 8:30 AM ET:
    • Strong housing data may support the USD, particularly against the NZD and AUD.
    • Weak housing data may lead to a decline in USD.
• Europe:
  • EU GDP (Q1) (Preliminary) at 5:00 AM ET:
    • A strong GDP reading may boost the EUR against the USD and other majors.
    • A weak GDP reading may lead to a decline in EUR.

Wednesday, June 26th

• US:
  • Consumer Confidence Index (June) at 10:00 AM ET:
    • A strong confidence reading may support the USD, particularly against the JPY and CHF.
    • A weak confidence reading may lead to a decline in USD.
• Europe:
  • ECB Monetary Policy Meeting Minutes (June) at 7:30 AM ET:
  • No significant impact is expected on forex markets, as the minutes are usually more of an academic exercise.

Thursday, June 27th

• US:
  • Initial Jobless Claims (Weekly) and Philly Fed Nonfarm Business Outlook Survey (June) at 8:30 AM ET:
    • A lower jobless claims number and a positive Philly Fed reading may support the USD.
    • Higher jobless claims and a negative Philly Fed reading may lead to a decline in USD.
• Europe:
  • Germany: Trade Balance (May) at 6:00 AM CET:
  • No significant impact is expected on forex markets.

Friday, June 28th

• US:
  • Core PCE Price Index (MoM) and Personal Income and Outlays (MoM) (May) at 8:30 AM ET:
  • The core PCE Price Index is a key inflation indicator; a strong reading may lead to a stronger USD.
  • Personal Income and Outlays are important for consumer spending; a strong reading may support the USD.

This week’s economic calendar is relatively light on major releases, but some important indicators can still move markets. The US data on Monday and Wednesday could impact the USD’s strength, while European data on Tuesday and Wednesday might affect the EUR. As always, staying informed about market conditions and adjusting your trading strategy is essential.

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