Market focus

On Friday, August 30, the calendar will be eventful. At the Asia-Pacific session, it is worth to highlight: building permits in New Zealand, inflation data and industrial production in Japan and construction in Australia. Particularly noteworthy are data on Japan, which may renew the demand for the yen.

On the European session data on housing prices in the UK, retail sales in Germany and preliminary inflation data in the eurozone will be published. Preliminary data on consumer inflation in the eurozone is worth highlighting, expectations for which remain restrained.

At the American session, market attention will be focused on spending in the US and Canada’s GDP. These statistics can cause a significant increase in volatility in national currencies at the end of the working week.

Hanzenko Anton