EUR/USD Nears a Fresh Four-Month High
The Third China Plenum starts on Monday 15th, a full meeting of the Central Committee, one of the most powerful decision-making bodies in China's political structure. Plenums are used to discuss and decide on major policies, laws, and personnel changes. The meeting often sets the direction for significant reforms or initiatives and can impact China's economic, political, and social policies. Decisions made here can have a long-term effect on China’s financial markets.
SSE Composite Index Remains Under Pressure
Inflation reports from Canada, the UK, the Euro Area, and Japan dominate the economic calendar next week, along with China Q2 GDP, UK employment data, and German and Euro Area ZEW sentiment readings. These economic releases are spread across the week and will add volatility to a range of FX-pairs.
US earnings season continues apace with notable releases from financial heavyweights BlackRock, Goldman Sachs, Bank of America, and Morgan Stanley. In addition, Netflix, a member of the Magnificent Seven, and chip giant Taiwan Semiconductor Manufacturing will also open their books.
