Monday (2026-06-15)
We have a calm start to the week ahead, with no major economic publications scheduled. Investors will be waiting for key events planned for the coming days that may provide significant impulses for financial markets. The level of fear in the market, measured by the Fear & Greed index, indicates caution among investors, which may result in low volatility and limited trading activity on Monday. Market participants can be expected to prepare for the analysis of upcoming macroeconomic data and central bank decisions.
Tuesday (2026-06-16)
Tuesday will begin with events related to Japanese monetary policy. At midnight (Warsaw time), we will learn about the monetary policy statement from the Bank of Japan, as well as the decision regarding the interest rate, which currently stands below 0.75%, with a growth forecast below 1.00%. Additionally, a press conference will take place, which may provide further insights into the bank's future actions. An expected interest rate hike could strengthen the yen, especially if the bank's communication indicates a continuation of tightening monetary policy.
Next, at 4:30 (Warsaw time), investors' attention will shift to Australia, where the Reserve Bank of Australia (RBA) will publish its interest rate statement. The current rate remains at 4.35%, and no changes are expected, which may bring stability to the Australian dollar. However, the RBA's press conference at 5:30 (Warsaw time) may provide hints regarding future monetary policy, which in turn could influence investor sentiment.
Wednesday (2026-06-17)
Wednesday will be rich in data from the United Kingdom and the United States. At 6:00 (Warsaw time), we will learn about the CPI inflation data from the UK, for which the forecast indicates an increase from 2.8% to 3.0% year-on-year. Rising inflation may exert pressure on the central bank to revise its monetary policy, which could, in turn, affect the British pound.
In the evening, market attention will focus on the United States, where at 18:00 (Warsaw time), publications related to the FOMC are scheduled, including economic projections, a statement, and a decision regarding interest rates. The current federal funds rate is 3.75%, and no changes are anticipated. However, given the current level of fear in the market, communication from the FOMC will be crucial for maintaining stability. Investors will pay particular attention to the press conference at 18:30 (Warsaw time), which may provide significant clues regarding future monetary policy steps.
The day will conclude with the publication of GDP data from New Zealand at 22:45 (Warsaw time), where an increase from 0.2% to 0.8% quarter-on-quarter is expected. Better data may support the New Zealand dollar and indicate an improvement in the economic situation in the region.
Thursday (2026-06-18)
Thursday will begin with the publication of data from the United Kingdom regarding the change in the number of jobless claims at 6:00 (Warsaw time). The forecast indicates a slight improvement from 26.5 thousand to 25.8 thousand, which may suggest a gradual improvement in the labor market.
At 7:30 (Warsaw time), attention will shift to Switzerland, where the Swiss National Bank (SNB) will announce its interest rate decision and publish its monetary policy assessment. The current interest rate remains at 0.00%, and no changes are expected. The SNB's press conference at 8:00 (Warsaw time) may provide information on the bank's future actions, which could, in turn, affect the Swiss franc.
At 11:00 (Warsaw time), the Bank of England will announce its decision regarding the official interest rate, which currently stands at 3.75%. Given rising inflation and other macroeconomic factors, investors will closely monitor the bank's communication to understand future directions in monetary policy. The voting count in the MPC remains consistent with the previous decision (1-0-8), which may suggest no changes in the current stance.
In summary, the upcoming week is rich in key events and publications that could significantly impact financial markets. Investors will need to carefully monitor central bank communications and macroeconomic data to respond appropriately to changes in the market environment. A high level of caution among investors suggests that any surprises could lead to increased volatility and dynamic movements in the markets.