🌐 The main events of the week are 31.07 - 04.08
@alfa2141 today our financial analyst team has prepared a new review of upcoming events this week. These events can significantly affect the Forex market. Choose and follow the events that you think are most important.
Last week the US dollar continued to decline relative to other major currencies. As expected, the Fed sets monetary policy at the same level. The central bank reported a weak outlook for inflation, which is currently below the target level of 2%. On Friday, July 28, mixed statistics on US GDP were published. These events put great pressure on the American currency. Currently, financial market participants estimate the possibility of a major Fed rate increase in December this year is rather weak.
For the upcoming trading week, we recommend you to pay attention to the following events.
31.07
On Monday in Asian trading session, business activity statistics in China's manufacturing sector will be published at 04:00 (GMT + 3: 00).
In the European trading session, investor attention will be directed to the inflation report (July) in the Euro area at 12:00 (GMT + 3: 00).
At 17:00 (GMT + 3: 00) the unfinished sales index in the US real estate market will be released.
01.08
On Tuesday, the background will be very crowded. Reserve Bank of Australia will decide the interest rate at 07:30 (GMT + 3: 00). Most experts believe that the regulator will set the interest rate at the next level, which is 1.50%.
We also recommend that you pay attention to the following economic reports:
Chinese business sector business activity index from Caixin at 4:45 pm (GMT + 3: 00);
Index of German manufacturing business activity and labor market statistics at 10:55 (GMT + 3: 00);
Statistics of business activity in the UK manufacturing sector at 11:30 (GMT + 3: 00);
Preliminary GDP data in the Euro area (2 sq.) At 12:00 (GMT + 3: 00);
US business sector manufacturing activity index from ISM at 17:00 (GMT + 3: 00).
02.08
On Wednesday in Asian trading session, reports on New Zealand's labor market will be published at 1:45 pm (GMT + 3: 00).
At 11:30 (GMT +3: 00) data on business activity in the construction sector in the UK will be released.
At 15:15 (GMT + 3: 00) preliminary statistics about the US labor market from ADP will be released. Shortly thereafter, at 17:30 (GMT + 3:00) a report on US Crude Inventories, which may affect the dynamics of commodity currencies, will be published.
03.08
The news background will also be crowded on Thursday. At 14:00 (GMT + 3:00) there will be a Bank of England meeting. Financial market participants expect the regulator to set interest rates at the same level as before, namely 0.25%. At the same time, note also the comments and rhetoric of central bank representatives.
Investors will follow the following economic news:
Australian trade balance at 04:30 (GMT + 3: 00);
Statistics of UK services business activities at 11:30 (GMT + 3: 00);
US business nonmanufacturing activity index from ISM at 17:00 (GMT + 3: 00).
04.08
On Friday, investor attention will be directed to US and Canadian labor market statistics at 15:30 (GMT + 3: 00). These reports will have a significant impact on the dynamics of major currencies.
We also recommend that you observe the following statistics when trading:
Volume of retail sales in Australia at 04:30 (GMT + 3: 00);
Ivey business activity index at 17:30 (GMT + 3: 00).
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