Gold price rise and the dollar fell sharply on Wednesday after Bernanke said the bank will continue to maintain accommodative monetary policy in the foreseeable future, citing low levels of inflation and high unemployment rate. The issue which indicate that gold price will be depending on the data of the next week.
Monday, July 15
Markets in Japan remain closed for a national holiday.
Australia will publish government data on new car sales, a leading indicator of consumer confidence.
China will publish official data on GDP for the second quarter, the broadest indicator of economic activity and a key measure of the health of the economy. Beijing will publish data on industrial production and fixed asset investment.
Switzerland is to publish government data on producer price inflation.
Later in the day, the U.S. was to publish official data on retail sales, the government gauge of consumer spending, which accounts for the majority of overall economic activity. The United States will also publish the Empire State Manufacturing Index and a report on business inventories.
Tuesday, July 16
The New Zealand is going to publish official data on consumer price inflation, which accounts for a majority of overall inflation.
The Reserve Bank of Australia will publish the minutes of the last policy meeting, which contains valuable information about economic conditions from the point of view of the bank.
The UK is to publish official data on consumer price inflation, as well as reports on producer price inflation and retail price index.
ZEW Institute will publish its report on German economic sentiment, a leading indicator of economic health, as well as data on economic confidence in the euro area on a wider scale.
The euro zone is to publish official data on consumer price inflation.
Canada will publish official data on manufacturing sales, a leading economic indicator.
The U.S. is to publish official data on consumer price inflation, industrial production and capacity utilization rate.
Wednesday, July 17
The Bank of Japan will publish the minutes of the last policy meeting, which contains valuable information about economic conditions from the point of view of the bank.
The UK is to publish official data on the change in the number of unemployed and the unemployment rate, as well as data on average income.
The ZEW Institute will publish a report on the economic outlook in Switzerland, a leading indicator of economic health.
The Board of Commissioners will announce its decision on interest rate and publish a statement the interest rate, which determines the economic conditions and the factors that affect the monetary policy decision. The bank held a news conference after the announcement of the interest rate.
Canada will publish government data on foreign securities purchases.
The U.S. is to publish official data on building permits, a leading indicator of activity in the construction sector in the future, as well as data on housing. Federal Reserve Board will publish the Beige Book.
Thursday, July 18
Will Australia Panesar index of leading economic indicators and the private sector report on business confidence.
The United Kingdom will publish government data on retail sales.
In the euro area, Spain and France will hold auctions of government bonds for a period of 10 years.
Canada will publish official data on wholesale sales, a leading indicator of consumer spending.
In the United States will be Nchertgarir the government on weekly initial jobless claims and the Philadelphia Fed Manufacturing Index.
Friday, July 19
In the euro zone, Germany will publish official data on producer price inflation.
The UK is to publish government data on public sector net borrowing.
Canada will is besieged the week with official data on consumer price inflation.