Date : 20th August 2018.
MACRO EVENTS & NEWS OF 20th August 2018.
Main Macro Events This WeekThursdayFridayWednesday and ThursdayUnited States: The week of August 20 will be relatively light on the US data front, but the minutes of the July 31-August 1 FOMC meeting (Wednesday) will likely be of interest to market participants for any indications regarding the future course of policy. Markets see FOMC on course to raise rates two more times this year, in September and December, barring any shocks to the economy. Regarding the data, existing home sales (Wednesday) are expected to rise following declines in the prior three months. New home sales (Thursday)Canada: (Monday) will participate in a panel discussion at the Central Bank Research Association, Frankfurt, Germany. Poloz is in Jackson Hole on Saturday (August 25)September 5. Expectations suggest that BoC will look past the 3.0% y/y rise in July CPI amid temporary factors (seasonal jump in travel tour prices was a stand-out) and core inflation measures that are holding at 2.0%.
Europe: Market jitters continue with Turkey contagion risks and Sino-US trade relations remaining in focus and overshadowing the data calendar. ECB starts to slowly return from the summer break and Bundesbank President Weidmann will attend a Foreign Press Club in Berlin on Thursday. However, markets do not expect ECB to turn dovish, despite the renewed widening of Eurozone spreads and the spike in Italian yields. ECB Monetary Policy Meeting Accounts, similar to the FOMC minutes, is expected to come out on ThursdayUK: The calendar is relatively light this week, though Brexit negotiations, which recommenced last Thursday after a summer hiatus, will continue and will likely generate some potentially market-moving headlines. As has usually been the case, anything that points towards a no-deal exit from the EU could be taken as a Sterling selling cue, and anything suggesting that a deal can be worked out could be taken as a Sterling buying cue. Cable(Tuesday), the August CBI surveys for industrial trends (Tuesday), and distributive sales (Thursday).
Japan: Consensus expects that the June all-industry index (Wednesday) (Friday)Australia: RBA governor Lowe (Tuesday) is expected to speak at an Australian Securities and Investments Commission event. Assistant Governor (Financial Services) Debelle will also speak about low inflation at the Economic Society of Australia Business Luncheon on Wednesday.
New Zealand: Retail sales will be out on Tuesday, with imports, exports and the trade balance expected to come out on Friday.
Always trade with strict risk management. Your capital is the single most important aspect of your trading business.
Please note that times displayed based on local time zone and are from time of writing this report.
Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work.
Dr Nektarios Michail
Market Analyst
HotForex
Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
MACRO EVENTS & NEWS OF 20th August 2018.
Main Macro Events This WeekThursdayFridayWednesday and ThursdayUnited States: The week of August 20 will be relatively light on the US data front, but the minutes of the July 31-August 1 FOMC meeting (Wednesday) will likely be of interest to market participants for any indications regarding the future course of policy. Markets see FOMC on course to raise rates two more times this year, in September and December, barring any shocks to the economy. Regarding the data, existing home sales (Wednesday) are expected to rise following declines in the prior three months. New home sales (Thursday)Canada: (Monday) will participate in a panel discussion at the Central Bank Research Association, Frankfurt, Germany. Poloz is in Jackson Hole on Saturday (August 25)September 5. Expectations suggest that BoC will look past the 3.0% y/y rise in July CPI amid temporary factors (seasonal jump in travel tour prices was a stand-out) and core inflation measures that are holding at 2.0%.
Europe: Market jitters continue with Turkey contagion risks and Sino-US trade relations remaining in focus and overshadowing the data calendar. ECB starts to slowly return from the summer break and Bundesbank President Weidmann will attend a Foreign Press Club in Berlin on Thursday. However, markets do not expect ECB to turn dovish, despite the renewed widening of Eurozone spreads and the spike in Italian yields. ECB Monetary Policy Meeting Accounts, similar to the FOMC minutes, is expected to come out on ThursdayUK: The calendar is relatively light this week, though Brexit negotiations, which recommenced last Thursday after a summer hiatus, will continue and will likely generate some potentially market-moving headlines. As has usually been the case, anything that points towards a no-deal exit from the EU could be taken as a Sterling selling cue, and anything suggesting that a deal can be worked out could be taken as a Sterling buying cue. Cable(Tuesday), the August CBI surveys for industrial trends (Tuesday), and distributive sales (Thursday).
Japan: Consensus expects that the June all-industry index (Wednesday) (Friday)Australia: RBA governor Lowe (Tuesday) is expected to speak at an Australian Securities and Investments Commission event. Assistant Governor (Financial Services) Debelle will also speak about low inflation at the Economic Society of Australia Business Luncheon on Wednesday.
New Zealand: Retail sales will be out on Tuesday, with imports, exports and the trade balance expected to come out on Friday.
Always trade with strict risk management. Your capital is the single most important aspect of your trading business.
Please note that times displayed based on local time zone and are from time of writing this report.
Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work.
Dr Nektarios Michail
Market Analyst
HotForex
Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
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