WorldWideMarkets Community

Forex Trading, Market News & Technical Analysis

Busy Week for US Data with Ben Bernanke Remaining the Highlight

Posted by WorldWideMarkets . on Jul 15, 2013 3:50:00 AM

Bernanke tradingIt’s going to be a long week in the U.S. and currency markets everywhere. Monday bring U.S. retail sales for June and business inventories for May. Tuesday, consumer price data for June, Treasury International Capital flows (TICS) for May, industrial output for June and the NAHB housing market index for July. Come Wednesday, look for U.S. housing starts for June. Thursday sees the Philly Fed index for July. Some respite Friday with no top tier data.

Added to the mix and possibly the highlight is Federal Reserve Chairman Ben Bernanke’s delivery of the  semi-annual monetary policy testimony before the House Financial Services Committee on Wednesday followed by the semi-annual monetary policy testimony before the Senate Banking Committee on Thursday. Given Big Ben’s market input lately, expect it to be closely scrutinized, particularly the Q&A. Further, and dependent on changes in sentiment and market reaction to his testimony on Wednesday, it's possible Bernanke will seek to clarify or refine his thoughts on Thursday. Which given recent market trading may only add to the volatility. Expect price swings and very near term dollar negativity with the uptrend to remain intact.

Rounding out the week will be the G20 finance ministers live from Moscow. Given the world's preoccupation with the dollar this is a side show but will still be watched for any loose cannon comments from the sidelines. The statement itself should be a nonevent.


Tools & Educational Resources

Forex 101LEARN MORE >>
Learn the basics of Forex and how to practice trading the markets.

GlossaryLEARN MORE >>
Confused by the language? Click here and search for key trading terms.

Browse our frequently asked questions and find your answers right away.

Access to the educational lessons, webinars and platform walkthroughs.


Get started with a FREE $10,000 Demo Account and experience the Forex Market RISK FREE!