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15 Aug

Forex This Week's Key Events For Traders

admin Forex Fundamental Outlook 0 Comments

Forex Key Events for This Week 15 – 19 August 2016

EURUSD

1. German ZEW Economic Sentiment: Tuesday, 9:00. This previous survey showed the cause of Brexit on the euro-zone’s biggest economy. The indicator dropped to -6.8 points, with the negative figure reflecting pessimism regarding the future. Will it bounce back now? Anticipations remain on a positive 2.1 number. The all-European figure is projected to rise from -14.7 to -6.3 points.
2. Trade Balance: Tuesday, 9:00. Te euro area’s trade balance is positive, regularly thanks to Germany’s exports. A leftover of 24.5 billion was listed in May. Currently, we get the data for June which is estimate to show 23.2 billion.
3. Current Account: Thursday, 8:00. Comparable to the narrower trade balance, the deep current account also shows an important surplus. A positive 30.8 billion Euros number was seen in May. A drive to 27.3 is on the slots for June.
4. Final CPI: Thursday, 9:00. According to the primary read for July, values advanced by 0.2 percent y/y. This was slightly better than anticipated. Core CPI was up 0.9 percent. Both numbers will likely be confirmed.
5. ECB Meeting Minutes: Thursday, @ 11:30. In the new ECB meeting, Draghi did not cause trouble. The central bank left the door unlock to more monetary stimulus while setting force on governments to act. The minutes from the meeting might shed some light on the domestic discussions within the Governing Council.
6. German PPI: Friday, 6:00. Producer prices eventually barley into consumer prices. Germany saw values rising by 0.4 percent earlier time. A small rise of 0.1 percent is estimate.
 
GBP
 
1. Right move HPI: Sunday, 23:01. This index provides an image of the strength of the housing sector. The index place a sharp drop of 0.9 percent in July, its first decrease in seven months. Will the indicator bounce back into positive region in August?
2. CPI: Tuesday, 8:30. CPI is the most significant consumer inflation indicator. In June, the index improved to 0.5 percent, edging above the forecast of 0.4 percent. A similar reading of 0.5 percent is predicted in the July publishes.
3. PPI Input: Tuesday, 8:30. This manufacturing inflation index fell to 1.8 percent in June, but this was well over the estimate of 0.9 percent. The downward forecast is expected to sustain in July, with an estimate of 0.6 percent.
4. RPI: Tuesday, 8:30. This indicator includes housing prices, which are ignored from the CPI report. The index rose to 1.6 percent in June, over the estimate of 1.4 percent. The upward trend is anticipated to sustain, with a forecast of 1.7 percent.
5. Average Earnings Index: Wednesday, 8:30. This index measures wage grew in the UK, a closely watched report. The index improved to 2.3 percent in May, matching the estimation. The markets are forecasting another solid reading, with a forecast of 2.5 percent.
6. Claimant Count Change: Wednesday, 8:30. This index is one of the most significant indicators and should be treated as a market-mover. In June, the index posted a negligible gain of 0.4 thousand, taken out the forecast of 4.1 thousand. The fore cast for July remains at 5.2 thousand. The unemployment rate is anticipated to stands at 4.9 percent.
7. Retail Sales: Thursday, 8:30. This event is the initial gauge of consumer spending, a major driver of economic growth. The indicator reduced 0.9 percent in June, worse than forecast. The markets are anticipating a little gain of 0.1 percent in the July publishes.
8. Public Sector Net Borrowing: Friday, 8:30. The public sector shortfall narrowed to GBP 7.3 billion in June, easily taken out the estimate of GBP 9.3 billion. The markets are expecting a rare surplus in July, with a forecast of -2.3 billion.
 
JPY
 
1. Preliminary GDP: Sunday, 23:50. This is the major event of the week for JPY. Final GDP in the Q2 climbed 0.5 percent, matching the forecast. Preliminary GDP for Q3 is anticipated to be softer, with a forecast of 0.2 percent.
2. Revised Industrial Production: Monday, 4:30. This manufacturing index reduced 2.6 percent in May, missing forecasts. The index is expected to bounce back in June, with a forecast of 1.9 percent.
3. Trade Balance: Wednesday, 23:50. Japan’s trade surplus developed to JPY 0.33 trillion in June, taken out the estimate of JPY 0.24 trillion. The surplus is anticipated to fall sharply in July, with the forecast standing at JPY 0.14 trillion.
4. All Industries Activity: Friday, 4:30. This minor index reduced 1.0 percent in May, matching the estimations. The markets place are anticipating a bounce back in June, with a forecast of 0.9 percent gain.
 
AUD
1. RBA Monetary Policy Meeting Minutes: Monday, 1:30. The minute gives details of the RBA’s policy meeting previous this month. The markets place will be looking for any hints of plans to further reduce interest rates.
2. MI Leading Index: Wednesday, 00:30. This index is based on nine economic indicators, but is of minor events, as most of the data has been earlier released. The index decreased by 0.2 percent in July, marking a four-month low. Will the August reading mount into positive zone?
3. Wage Price Index: Wednesday, 1:30. This index, published every quarter of the year, is a leading indicator of consumer inflation. In the Q2, the index soaked to 0.4 percent, down from 0.5 percent in first quarter. Tiny modify is expected in the second quarter report.
4. Employment Change: Thursday, 1:30. The June data fell to 7.9 thousand, short of anticipations. This was the weakest reading in four months. The index is expected to develop in July, with a forecast of 10.2 thousand. The unemployment rate edged higher to 5.8 percent in June, matching the estimate. No modify is estimated in the July release.
 
NZD
 
1. GDT Price Index: Tuesday, Throughout the European afternoon. The Global Dairy Trade is basically the price of milk, New Zealand’s key export. Prices surprised with a movement of 6.6 percent. The bi-weekly indicator might fall now.
2. Jobs report: Tuesday, 22:45. Employment numbers are published only once per quarter, making every publication a big event. This time, the labor cost index is not published, as this has already happened. Still, the employment change and unemployment rate are more significant. Employment advanced by 1.2 percent in first Quarter, an impressive outcome. The unemployment rate stood at 5.7 percent. Currently, we got the report for that.
3. PPI: Tuesday, 22:45. Producer prices are also published only once per quarter but play 2nd fiddle to the Consumer Price Index. PPI Input drop by 1 percent in first quarter and might rebound now. The less important PPI Output slipped by 0.2 percent.
4. Visitor Arrivals: Thursday, 22:45. Tourism is addition significant sector of the New Zealand economy. A fall of 1 percent was seen in June, mid-winter in the nation. A stable numbers might be seen now.
5. Credit Card Spending: Friday, 3:00. With retail sales released only once per quarter, this indicator of consumer spending is viewed. A year by year rise of 4.1 percent was seen in June.
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