Market focus

On Thursday, August 22, the day will be full of preliminary data on business activity in the manufacturing sector (PMI) of the eurozone and the USA, which, in turn, will set the mood on the market.

In addition to the PMI data, which have a significant impact on the euro, it is worth to highlight the publication of the ECB protocol, which may shed light on monetary policy in the eurozone.

At the American session, PMI data will also be released, in addition to which it is worth paying attention to the data on initial jobless claims. At the end of the day, the start of the symposium in Jackson Hole is expected, where a series of speeches by representatives of the US Federal Reserve will take place. This can cause a noticeable increase in volatility for the US.

Hanzenko Anton