What’s happening in the market this week? Check out the important market indicators of each day!
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This article is originally referred from JustForex News.
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 currency majors was very active. The dollar index (DX) closed in the positive zone. The Fed, as expected, left the key interest rate range at the previous level of 1.75%-2.00%. The regulator noted the stable growth of the US economy and plans to adhere to a gradual increase in the interest rates. The Bank of England representatives raised the key interest rate by 25 basis points to 0.75%. On Friday, August 03, the US published a rather weak report on the labor market.
In the upcoming trading week, we recommend you to pay attention to the following macroeconomic events and reports.
August 6th, Monday
On Monday, the news feed will be calm. The publication of important economic reports is not planned.
Financial markets of Canada will be closed due to the holiday.
August 7th, Tuesday
On Tuesday, the attention of investors will be focused on the Reserve Bank of Australia interest rate decision – 07:30 (GMT+3:00).
It is expected that the regulator will leave the interest rate at the previous level of 1.50%.
Important economic reports:
- JOLTS job openings at 17:00 (GMT+3:00);
- The index of economic activity in Canada from Ivey at 17:00 (GMT+3:00).
August 8th, Wednesday
On Wednesday, the news feed will be fairly calm.
We recommend paying attention to the statistics on China’s trade balance.
At 17:30 (GMT+3:00) data on the US crude oil inventories will be published.
August 9th, Thursday
On Thursday, the meeting of the Reserve Bank of New Zealand will be the key event – 00:00 (GMT+3:00).
Experts expect that the Central Bank will leave the key interest rate unchanged at 1.75%.
At 15:30 (GMT+3:00) producer price index will be published in the US.
August 10th, Friday
The trading week will end with the publication of important economic reports:
- Statistics on Japan GDP at 02:50 (GMT+3:00);
- Report on UK GDP at 11:30 (GMT+3:00);
- Manufacturing production in the UK at 11:30 (GMT+3:00);
- Core consumer price index in the US at 15:30 (GMT+3:00);
- Report on the labor market in Canada at 15:30 (GMT+3:00).
Original Source: JustForex News