Wednesday June 24 – US Fed Reserve Announcement @ 2:15 pm EST. Expect statement on Fed’s Quantitative Easing Program. No expected change to short term interest rates.

Thursday June 25 – US 1st Quarter Gross Dommestic Product statistics released @ 8:30 AM EST. We have seen the Estimated and Revised data….now we see the Actual. Any change from the Revised figure (a 5.7% decline in 1st Qtr US GDP) could move the markets.

Friday June 26 – US Personal Income and Outlays @ 8:30 am EST. This used to be a sleepy data release that only economists watched. But there is an increasingly large group of market participants that believe that US consumers are changing their spending habits very aggressively and this could factor into future growth (or lack of growth).

Friday June 26 – US Consumer Sentiment 9:55am EST. This ties into Friday’s 8:30 data release. Is there a disconnect between what consumers are doing and what they are saying?

By: Stephen Leahy – Back Bay FX