Today, JustForex’s team of financial analysts has prepared a new review of events in the upcoming week.

These events can significantly affect the Forex market. Choose and track the ones that are most important to you.

Last week, trading on major currency pairs was quite active. At the beginning of the week, strained trade relations between the US and China were in the focus of investor’s attention. Also, the geopolitical situation was escalated again after US President Donald Trump and Iranian President Hassan Rouhani exchanged threats and counterthreats. By the end of the week, demand for the US currency recovered, after the US and the Eurozone abolished duties on import for each other. At the same time, the euro weakened after it became known that the interest rate remained unchanged at the level of 0.00%.

In the upcoming trading week, we recommend you to pay attention to the following macroeconomic events and reports.

July 30th, Monday

On Monday, the news feed will be fairly calm.

At 17:00 (GMT+3:00) pending home sales index in the US will be published.

July 31st, Tuesday

On Tuesday, the news feed will be quite eventful.

We recommend paying attention to the following statistics:

• The index of economic activity in the manufacturing sector of China at 04:00 (GMT+3:00);
• Reports on the labor market in Germany at 10:55 (GMT+3:00);
• Consumer price index in the Eurozone at 12:00 (GMT+3:00);
• Data on Canada GDP at 15:30 (GMT+3:00);
• CB consumer confidence index in the US at 17:00 (GMT+3:00).

August 1st, Wednesday

On Wednesday, important statistics is also expected.

We recommend paying attention to the following economic reports:

• Report on the labor market in New Zealand at 01:45 (GMT+3:00);
• The index of economic activity in the manufacturing sector of China from Caixin at 04:45 (GMT+3:00);
• The index of economic activity in the manufacturing sector of Germany at 10:55 (GMT+3:00);
• The index of economic activity in the manufacturing sector of the UK at 11:30 (GMT+3:00);
• ADP nonfarm employment change at 15:15 (GMT+3:00);
• ISM manufacturing PMI at 17:00 (GMT+3:00);
• Fed interest rate decision at 21:00 (GMT+3:00).

August 2nd, Thursday

On Thursday, investors will focus on economic reports from the UK:

• The index of economic activity in the construction sector at 11:30 (GMT+3:00);
• Bank of England inflation report and interest rate decision at 14:00 (GMT+3:00).

August 3rd, Friday

The trading week will end with the publication of the following data:

• Retail sales in Australia at 04:30 (GMT+3:00);
• The index of economic activity in the UK services sector at 11:30 (GMT+3:00);
• Reports on the labor market in the US at 15:30 (GMT+3:00);
• The index of economic activity in the non-manufacturing sector of the US from ISM at 17:00 (GMT+3:00).