Day ahead in the FX markets

   on July 21 2013 8:19 PM
Federal Reserve Chairman Ben Bernanke is seen on a television monitor at the Chicago Board of Trade
The S&P downgrade was old news in the U.S. stock market by Tuesday. Investors were more focused on what the Fed might do to stave off a new recession. U.S. markets opened higher Tuesday, after having the biggest decline since the Great Recession on Monday. REUTERS

This is a summary of key events likely to affect trading in the foreign exchange markets. To receive an early email of The Day Ahead in FX markets, readers can register here. All times is GMT.
 
JULY 22:
 
N/A - BANK OF JAPAN BOARD MEMBER TAKEHIRO SATO SPEAKS TO BUSINESS LEADERS IN FUKUSHIMA, NORTHEASTERN JAPAN
 
1230 - CHICAGO FED NATIONAL ACTIVITY INDEX FOR JUNE Federal Reserve Bank of Chicago releases its Chicago Fed National Activity Index for June. The index read -0.30 in May. 
 
1400 - U.S. EXISTING HOME SALES FOR JUNE National Association of Realtors (NAR) releases existing home sales for June.

ATHENS - U.S. Treasury Secretary Jack Lew will visit Greece. He is expected to meet Greek Finance Minister Yannis Stournaras and Prime Minister Antonis Samaras. 
 
FUKUSHIMA, Japan - Bank of Japan board member Takehiro Sato speaks to business leaders in Fukushima, Japan.

JULY 25:
 
ST. PETERSBURG, Russia - G20 Sherpas' Meeting (to July 26).
 
WELLINGTON - Reserve Bank of New Zealand announces Official Cash Rate (OCR).
 
JULY 30: 
 
WASHINGTON - U.S. Federal Reserve's Federal Open Market Committee (FOMC) holds two-day meeting on interest rates.
 
SYDNEY, Australia - RBA Governor Glenn Stevens will speak at the Anika Foundation Luncheon in Sydney.
 
JULY 31:
 
WASHINGTON - U.S. Federal Reserve's Federal Open Market Committee (FOMC) announces decision on interest rates.
 
LONDON - Bank of England (BoE) holds Monetary Policy Committee (MPC) meeting (to Aug 1).
 
AUGUST 01:
 
LONDON - Bank of England (BoE) announces interest rate decision. 
 
FRANKFURT - ECB Governing Council meeting, followed by interest rate announcement and News conference.

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