Daily Economic Calendar – May 24, 2017

Wednesday brings a high importance release for the Loonie Dollar traders, so let’s find out more.
Coming up first at 6 AM is German GfK Consumer Confidence for June. The May forecast grew by point 4 points as consumers are increasingly optimistic about the economic outlook and their own income prospects.

Starting from 12:45 PM GMT, European Central Bank President Mario Draghi will be speaking at the First Conference on Financial Stability in Madrid. Traders pay close attention to President Draghi’s speeches as his comments often cause volatility.
US Existing Home Sales for April are out at 2. Sales soared by 4.4% in March and, remarkably enough, supply shortages actually helped the bottom line as homes were sold much faster than a year ago.
And a high importance event for Loonie Dollar traders comes at the same time, as Bank of Canada will release its latest Monetary Policy Statement. Traders are not actually expecting any changes in interest rates, but the release also includes the economic outlook, which could move the currency rate.
Another closely watched publication follows at 6, when the Fed releases the Minutes of its May meeting. The policy makers left the interest rate unchanged in May, which was expected; moreover, they also noted some concern about the slowdown in economic growth.