The Philadelphia Fed's index published today was able to gain significantly and also the other data was consistently positive. The British Pound also benefited from a positive trend in retail sales and is trading higher.
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The data released today on the U.S. labor market for shows that job growth in June has significantly exceeded forecasts. Even though the other figures did not fully meet expectations, the US dollar has increased significantly as a result.
After holding stable above the 1.13 USD since Friday last week, the euro fell below the mark again on Thursday. Despite at least one expected rate hike by the Fed this year, initial uncertainties regarding the ECB's future monetary policy appear to be causing more concern to market participants.
In our weekly preview we show you an overview on the most important economic events and data to be published this week, which could have a major influence at the financial markets. Please note that there are many other events with less influence on the markets, but which could move the markets in sum. You find all events of the week in our economic calendar.
Before today's ECB interest rate decision and the subsequent press conference with ECB President Mario Draghi, the financial markets are operating within a rather limited range. However, the DAX and the Euro are showing cautiously positive trends.
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