Focus of trading news on Erste News
During the week from July 29 to August 2, a significant amount of news traded on Erste News is expected on Wednesday, Thursday and Friday.
July 31 will be a series of data:
At 04:30 – inflation data in Australia. Expectations are very positive, especially given the projections for the growth of consumer inflation.
At 15:15 – ADP nonfarm employment change in the United States will be released. This is actually preliminary data on employment in the United States and has a significant impact on the dynamics of the American dollar.
At 15:30 – data on Canadian GDP will be published. The dynamics of GDP remain ambiguous, as well as expectations.
At 21:00 – the US Federal Reserve interest rates decision will be published. According to it, key rates are expected to decrease by 25 b.p., but there is a probability of a 50 b.p. cuts.
August 1, the next data will be released:
At 14:00 – meeting results of the Bank of England will be announced. Forecasts for which remain restrained and such that may indicate a soft rhetoric.
At 17:00 – ISM business activity index in the manufacturing sector (PMI) (July) USA will be released. The index has a significant impact on the American dollar because it reflects activity in the manufacturing sector. This is a very important indicator in the context of a slowing global economy.
At 17:30 – natural gas reserves in the United States will be published.
On August 2, the market will focus on the US employment data.
At 15:30 – the US employment report will be released. Expectations for employment in the US in July remain very restrained, especially given the significant growth in new jobs in June.
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