Important Economic News & Events of the week! from August 28th to September 1st

August 28, 2017

Know the market before it happens!

Important Economic News & Events of the week! from August 28th to September 1st

This article is originally referred from JustForex News

Today, JustForex’s team of financial analysts has prepared a new review of events in the upcoming week. These events can significantly affect the Forex market. Choose and track the ones that are most important to you.

Last week, the attention was focused on the Jackson Hole summit. The Fed Chairman Janet Yellen did not announce the specific plans for the further monetary policy, which put pressure on the US currency. On Friday, August 25, the US dollar significantly weakened against the “majors”. The dollar index (#DX) fell by more than 0.5%.

In the upcoming trading week, we recommend you to pay attention to the following economic reports.

August 28th, Monday

On Monday, the news background will be calm. The publication of important economic reports is not planned. Financial markets in the UK will be closed due to the holiday.

August 29th, Tuesday

On Tuesday, the Asian trading session the household spending index in Japan will be published at 02:30 (GMT+3:00).

At 17:00 (GMT+3:00) we expect the consumer confidence index in the US.

August 30th, Wednesday

On Wednesday, the news background will be quite eventful. We recommend you to pay attention to the following statistics:

  • Building permits in Australia at 04:30 (GMT+3:00);
  • A preliminary report on the labor market in the US from ADP at 15:15 (GMT+3:00);
  • Revised data on the US GDP (2nd quarter) at 15:30 (GMT+3:00);
  • Crude Oil Inventories in the US at 17:30 (GMT+3:00). This report may have an impact on the dynamics of the commodity currencies.

August 31st, Thursday

On Thursday, China will publish statistics on business activity at 04:00 (GMT+3:00).

During the European trading session, a report on the labor market in Germany and preliminary data on inflation in the Eurozone are expected at 10:55 (GMT+3:00) and 12:00 (GMT+3:00).

At 15:30 (GMT+3:00), the Statistics Canada will publish data on the country’s GDP.

At 17:00 (GMT+3:00) the index of pending sales in the real estate market of the US will be released.

September 1st, Friday

On Friday, investors’ attention will be focused on the report on the US labor market at 15:30 (GMT+3:00).

We also recommend paying attention to the following statistics:

  • The index of business activity in the manufacturing sector of China from Caixin at 04:45 (GMT+3:00);
  • The data on business activity in the manufacturing sector of Germany and the UK at 10:55 (GMT+3:00) and 11:30 (GMT+3:00), respectively.

Original Source: JustForex News

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