Here is What’s happening this week’s Financial Markets! Check out & Prepare for the week!

August 7, 2017

FXPrimus summarized the Economic Events & Important Indicators of the week!

Here is What’s happening this week’s Financial Markets! Check out & Prepare for the week!

This article is originally referred from FXPrimus News

THIS WEEK’S INDICATORS

After a significant week for US Dollar, with focus being on US economic health and employment change, this week investors focus on major key economic indicators and take advantage of the volatility surrounding their release.

On Friday, US is expected to release its inflation report, an event which could determine whether another rate hike is possible in 2017. On the US side, we are also expecting a few speeches from key members where clues on the balance sheet unwinding could be provided.

On other significant releases, China will publish its Trade and Inflation data for the month of July while in the UK market participants will be waiting on the monthly Factory Production data by manufacturers.

Elsewhere, EIA will report on the weekly number of barrels of Crude oil help in inventory.

DOLLAR INDEX 1 HOUR CHART

MONDAY

RBNZ will release its quarter on quarter Inflation Expectations, minors on Swissy, Pound and US. On Monday, is expected to be a quiet with the day’s highlight being New Zealand’s expectations change of the price of goods and services.

Switzerland will release inflation data while UK data on its Housing price. The session will end with FOMC member Kashkari speech at the Rotary Club of Downtown Sioux Falls.

TUESDAY

NAB will announce its benchmark Business Confidence, China its Trade Balance and US its JOLTS report.

On Tuesday, volatility will be limited again as the economic indicators do not have a major effect on the markets, however, around the release of the data some opportunities could be expected.

NAB index is expected to fall 2 points while China’s Trade Balance is also expected to fall 2B.

In US, analysts expect the Jobs Opening to decline for from 5.67M to 5.66M.

WEDNESDAY

NBS will release Chinese inflation figures while EIA Crude Stocks.

New Zealand rate decision on spotlight. Chinese CPI and PPI are expected to change 0% and +0.1% respectively while Crude Inventories are expected to fall by 1.5M barrels.

Volatility could appear to be high around the release of RBNZ Interest Rate decision, whereas analysts forecasted an unchanged figure of 1.75%.

THURSDAY

ONS will release its Factory Production while US inflation and Jobless Claims figures followed by Lowe’s speech.

The Office of National Statistics is expected to release UK’s monthly Manufacturing Production while in US BLS will release its PPI indicator figure.

The Department of Labor will also release the Unemployment Claims, where a number 2K larger than the previous week is forecasted by analysts.

The session will close with RBA’s Lowe speech before the House of Representatives Standing Committee on Economics.

FRIDAY

US is to release inflationary data while two FOMC members are expected to speak.

The roundup of the week will start with BLS’s monthly CPI and Core CPI releases where both of those are forecasted to increase to 0.2%.

Friday will continue with Kaplan’s speech about economic conditions and monetary policy and close off with Kashkari’s speech at the Independent Community Bankers of Minnesota Annual Convention.

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Original Source: FXPrimus News

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