-UK (GBP): CPI
-USA (USD): Crude oil inventories
-USA (USD): Initial jobless claims
UK (GBP): CPI YOY – The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation. The UK”s YOY inflation increased to 8.7%, higher than the forecast of 8.4%.
The report is due Wednesday, 19 July 06:00 GMT
USA (USD): Crude Oil inventories – The Energy Information Administration’s (EIA) Crude Oil Inventories measures the weekly change in the number of barrels of commercial crude oil held by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation. Last week’s number was 5.946M, higher than the forecast of 0.483M barrels.
The report is due Wednesday, 19 July 14:30 GMT
USA (USD): Jobless claims – Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week. Jobless claims for last week rose to 237K, lower than the forecast of 250K.
The report is due Thursday, 20 July 12:30 GMT
-Dow Jones (+2.38%)
-Tesla Inc. (+1.25%)
-Netflix Inc. (-1.88%)
-GBPUSD (-0.32%)
Dow Jones – The Dow Jones increased 2.38% in the last 5 days and is trading at 35,509.3. Stocks rallied last week and the Dow reached a 52 week high.
Tesla Inc. (NASDAQ: TLSA) – Tesla stocks increased 1.25% on Friday and closed at $281.38 per share. The company’s earnings report is due this Wednesday.
Netflix Inc. (NASDAQ: NFLX) – Netflix stocks declined 1.88% on Friday. The company is reporting earnings this week and analysts are bullish on the stock. Netflix is trading at $441.91 per share.
GBPUSD – GBPUSD declined 0.32% on Friday; the pair is currently hovering around a major zone, and has broken the 1.30 resistance level. The pair might pull back for a short term. Furthermore, upcoming UK CPI news could push the pair further upwards towards the 1.350 level.
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