The US economic calendar is quiet for this week, consisting of April wholesale inventories, the Fed's Beige Book, the April trade deficit, weekly jobless claims, May retail sales and the University of Michigan consumer confidence survey. Also scheduled this week will be Fed Chairman Bernanke's testimony on the economy before the House Budget Committee on Wednesday. With the softer than expected US reports, particularly Friday's weaker than forecast jobs figures, the FOMC is likely to leave policy unchanged for the remainder of the year, quelling speculation for any hike in rates over the coming months.
by Korman Tam
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Tuesday, June 08, 2010
Forex Trading News
The US economic calendar is quiet for this week, consisting of April wholesale inventories, the Fed's Beige Book, the April trade deficit, weekly jobless claims, May retail sales and the University of Michigan consumer confidence survey. Also scheduled this week will be Fed Chairman Bernanke's testimony on the economy before the House Budget Committee on Wednesday. With the softer than expected US reports, particularly Friday's weaker than forecast jobs figures, the FOMC is likely to leave policy unchanged for the remainder of the year, quelling speculation for any hike in rates over the coming months.
by Korman Tam
by Korman Tam
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