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Abstract:This week's key economic events include German retail sales, M3 money supply in South Africa, retail sales in Switzerland, and key rate decisions from the Federal Reserve and the Bank of England. The U.S. will also release its Nonfarm Payrolls, unemployment rate, and ISM Manufacturing PMI. These events are crucial for gauging economic health and guiding currency valuations.
Monday, July 29, 2024
German Retail Sales (MoM) (May)
Time:14:00 GMT+8
Description:Measures the monthly change in the value of sales at the retail level in Germany.
Impact:An increase indicates stronger consumer spending, which can positively influence the economy.
FX Pair:EUR/USD, EUR/GBP
German Retail Sales (YoY) (May)
Time:14:00 GMT+8
Description:Measures the annual change in the value of sales at the retail level in Germany.
Impact:A higher-than-expected reading can be positive for the euro.
FX Pair:EUR/USD, EUR/GBP
M3 Money Supply (YoY) (Jun)
Time:14:00 GMT+8
Currency:ZAR
Description:Indicates the total amount of domestic currency in circulation and deposited in banks.
Impact:Increased money supply can lead to inflationary pressure, influencing monetary policy.
FX Pair:USD/ZAR, EUR/ZAR
Private Sector Credit (Jun)
Time:14:00 GMT+8
Currency:ZAR
Description:Measures the change in the total value of new credit issued to consumers and businesses.
Impact:Higher credit levels can indicate increased consumer spending and economic activity.
FX Pair:USD/ZAR, EUR/ZAR
Retail Sales (YoY) (Jun)
Time:14:00 GMT+8
Currency:CHF
Description:Measures the annual change in the value of sales at the retail level in Switzerland.
Impact:Higher sales are positive for the CHF as they indicate economic strength.
FX Pair:USD/CHF, EUR/CHF
Italian Trade Balance Non-EU (Jun)
Time:16:00 GMT+8
Currency:EUR
Description:Measures the difference in value between imported and exported goods in Italy, excluding the EU.
Impact:A surplus indicates a higher demand for exports, positively affecting the EUR.
FX Pair:EUR/USD, EUR/GBP
BoE Consumer Credit (Jun)
Time:16:30 GMT+8
Currency:GBP
Description:Measures the change in the total value of outstanding consumer credit.
Impact:Higher credit levels can indicate increased consumer spending.
FX Pair:GBP/USD, EUR/GBP
Net Lending to Individuals (Jun)
Time:16:30 GMT+8
Currency:GBP
Description:Measures the total value of new credit issued to consumers.
Impact:Increased lending indicates economic confidence.
FX Pair:GBP/USD, EUR/GBP
Tuesday, July 30, 2024
Jobs/Applications Ratio (Jun)
Time:07:30 GMT+8
Currency:JPY
Description:Measures the ratio of job openings to job applicants.
Impact:A higher ratio indicates a tight labor market, potentially leading to wage increases.
FX Pair:USD/JPY, EUR/JPY
Unemployment Rate (Jun)
Time:07:30 GMT+8
Currency:JPY
Description:Measures the percentage of the total workforce that is unemployed and actively seeking employment.
Impact:A lower rate is positive for the JPY as it indicates economic strength.
FX Pair:USD/JPY, EUR/JPY
Building Approvals (YoY) (Jun)
Time:09:30 GMT+8
Currency:AUD
Description:Measures the annual change in the number of new building approvals issued.
Impact:Higher approvals indicate growth in the construction sector, positively impacting the AUD.
FX Pair:USD/AUD, EUR/AUD
Retail Sales (QoQ) (Q2)
Time:09:30 GMT+8
Currency:AUD
Description:Measures the quarterly change in the value of sales at the retail level.
Impact:Higher sales indicate stronger consumer spending and economic growth.
FX Pair:USD/AUD, EUR/AUD
French Consumer Spending (MoM) (Jun)
Time:13:30 GMT+8
Currency:EUR
Description:Measures the monthly change in the amount of money spent by consumers.
Impact:Increased spending indicates economic confidence.
FX Pair:EUR/USD, EUR/GBP
Wednesday, July 31, 2024
Industrial Production (YoY) (Jun)
Time:07:00 GMT+8
Currency:KRW
Description:Measures the annual change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.
Impact:Higher production levels indicate economic growth.
FX Pair:USD/KRW, EUR/KRW
Retail Sales (MoM) (Jun)
Time:07:00 GMT+8
Currency:KRW
Description:Measures the monthly change in the value of sales at the retail level.
Impact:Higher sales indicate stronger consumer spending.
FX Pair:USD/KRW, EUR/KRW
CPI (YoY) (Q2)
Time:09:30 GMT+8
Currency:AUD
Description:Measures the annual change in the price of goods and services from the consumer's perspective.
Impact:Higher inflation rates may prompt changes in monetary policy.
FX Pair:USD/AUD, EUR/AUD
Non-Manufacturing PMI (Jul)
Time:09:30 GMT+8
Currency:CNY
Description:Measures the activity level of purchasing managers in the services sector.
Impact:A higher PMI indicates economic expansion.
FX Pair:USD/CNY, EUR/CNY
Thursday, August 1, 2024
Fed Interest Rate Decision
Time:02:00 GMT+8
Currency:USD
Description:The Federal Reserve's decision on where to set the benchmark interest rate.
Impact:Rate changes can influence the USD's value and borrowing costs.
FX Pair:USD/JPY, EUR/USD
FOMC Press Conference
Time:02:30 GMT+8
Currency:USD
Description:The Federal Reserve's press conference following the interest rate decision.
Impact:Provides insights into the future path of monetary policy.
FX Pair:USD/JPY, EUR/USD
HSBC India Manufacturing PMI (Jul)
Time:13:00 GMT+8
Currency:INR
Description:Measures the activity level of purchasing managers in the manufacturing sector.
Impact:A higher PMI indicates economic expansion.
FX Pair:USD/INR, EUR/INR
BoE Interest Rate Decision (Aug)
Time:19:00 GMT+8
Currency:GBP
Description:The Bank of England's decision on where to set the benchmark interest rate.
Impact:Rate changes can influence the GBP's value and borrowing costs.
FX Pair:GBP/USD, EUR/GBP
Friday, August 2, 2024
Nonfarm Payrolls (Jul)
Time:20:30 GMT+8
Currency:USD
Description:Measures the change in the number of people employed during the previous month, excluding the farming industry.
Impact:A higher number indicates economic growth and can influence monetary policy.
FX Pair:USD/JPY, EUR/USD
Unemployment Rate (Jul)
Time:20:30 GMT+8
Currency:USD
Description:Measures the percentage of the total workforce that is unemployed and actively seeking employment.
Impact:A lower rate is positive for the USD as it indicates economic strength.
FX Pair:USD/JPY, EUR/USD
Average Hourly Earnings (YoY) (Jul)
Time:20:30 GMT+8
Currency:USD
Description:Measures the annual change in earnings.
Impact:Higher earnings can lead to increased consumer spending.
FX Pair:USD/JPY, EUR/USD
ISM Manufacturing PMI (Jul)
Time:22:00 GMT+8
Currency:USD
Description:Measures the activity level of purchasing managers in the manufacturing sector.
Impact:A higher PMI indicates economic expansion.
FX Pair:USD/JPY, EUR/USD
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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