This week’s Review of events that may affect the Forex market significantly

August 21, 2017

Important economic News & Events of the week which you may need to focus on? Check this out!

This week’s Review of events that may affect the Forex market significantly

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 US dollar showed mixed results relative to the majors. The growing political risks in the White House continue to put pressure on the US currency. Representatives of the Fed are concerned about the low inflation level in the country. At the same time, several optimistic reports on the US economy were published.

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

August 21st, Monday

On Monday, the news background will be pretty calm.

The publication of important statistics on the economy of the Eurozone and the US is not planned. At 15:30 (GMT+3:00) the data on the volume of wholesale sales in Canada will be released.

August 22nd, Tuesday

On Tuesday, we expect ZEW economic sentiment indices in Germany and the Eurozone at 12:00 (GMT+3:00).

At 15:30 (GMT+3:00), the Statistics Canada will publish a report on retail sales.

August 23rd, Wednesday

On Wednesday, ECB President Draghi will give a speech at 10:00 (GMT+3:00). In the European trading session, a number of indices on business activity in Germany and the Eurozone will be published at 10:30 (GMT+3:00) and 11:00 (GMT+3:00), respectively.

At 17:00 (GMT+3:00) there will be statistics on the real estate market in the US.

We also recommend you to pay attention to the report on crude oil inventories in the US at 17:30 (GMT+3:00). This statistics can have an impact on the dynamics of the commodity currencies.

August 24th, Thursday

From Thursday to Saturday, investors will follow the annual meeting of the Central Bank chairmen, which will be held in Jackson Hole. Janet Yellen and Mario Draghi will present their reports on the monetary policy.

We also recommend you to pay attention to the following economic reports:

  • Revised data on the UK GDP at 11:30 (GMT+3:00);
  • Sales in the secondary housing market in the US at 17:00 (GMT+3:00).

August 25th, Friday

On Friday in the Asian trading session, the statistics on inflation in Japan will appear at 02:30 (GMT+3:00).

Investors will follow economic reports from Germany:

  • The GDP data at 09:00 (GMT+3:00);
  • The IFO business climate index at 11:00 (GMT+3:00).

The statistics on orders for durable goods in the US will be published at 15:30 (GMT+3:00).

We also recommend paying attention to the speeches of the Fed and ECB Chairmen at 17:00 (GMT+3:00) and 22:00 (GMT+3:00), respectively.

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