Market Weekly Outlook Jul 29 2019

A Big Week For Economic Data...Meeting of a number of major central banks around the world, in Japan, the United Kingdom, and the United States. As well as the US jobs report for July next Friday.

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A Big Week For Economic Data

In the week ahead; investors will receive monetary policy updates from several major central banks around the world, in Japan and the United Kingdom. With a highlight of the Federal Reserve’s decision on Wednesday. This week also includes the US jobs report for July next Friday.

This is a quick look at the most important economic data for this and their impact on the markets:

Tuesday, July 30, 2019
  • BoJ Monetary Policy Statement: No change in policy is expected. (High impact).
  • U.S CB Consumer Confidence (Jul) at 14:00 GMT. (Moderate impact).
Wednesday, July 31, 2019
  • China Manufacturing PMI (Jul) at 01:00 GMT. AUDUSD sees a seeling opportunity. (Moderate impact).
  • Australia Consumer Inflation (QoQ) (Q2) at 01:30 GMT. (Moderate impact).
  • German Unemployment Change (Jul) at 07:55 GMT. (Moderate impact).
  • Canada Gross Domestic Product (GDP) (MoM) (May) at 12:30 GMT. (Moderate/High impact). It varies from month to another.
  • Fed Interest Rate Decision at 18:00 GMT. The Federal Reserve is widely expected to cut interest rates for the first time in more than a decade by a quarter-point when it presents its latest policy decision on Wednesday.  If this scenario happens. The U.S dollar may rise a little bit to the upside (fake rise) before a strong reversal) stay tuned for updates in our daily forecasts. (High impact).
Thursday, August 1, 2019
  • China Caixin Manufacturing PMI (Jul) at 01:45 GMT. (Moderate impact on AUDUSD/NZDUSD).
  • German Manufacturing PMI (Jul) at 07:55 GMT. (Moderate impact).
  • U.K Manufacturing PMI (Jul) at 08:30 GMT. (Moderate/High impact). It varies from month to another.
  • BoE Interest Rate Decision (Aug) at 11:00 GMT. Followed by BoE Gov Carney Speaks at 11:30 GMT. The Bank of England is expected to keep rates on hold at its meeting on Thursday. (High impact).
  • U.S ISM Manufacturing PMI (Jul) at 14:00 GMT. (Moderate/High impact).
Friday, August 2, 2019
  • Australia Retail Sales (MoM) (Jun) at 01:30 GMT. (Moderate/High impact).
  • U.K Construction PMI (Jul) at 08:30 GMT. (Moderate/High impact).
  • U.S Nonfarm Payrolls (Jul) at 12:30 GMT. (High impact).
  • U.S Unemployment Rate (Jul) at 12:30 GMT. (High impact).

That’s all for this week, as you see. A week full of important economic data. Anyway; you can track this news in real-time at the following link below

Live Economic Calendar

 

MARKET DATA

UPCOMING ECONOMIC EVENTS