Upcoming events in the financial market for this week include a range of economic indicators and policy decisions that could impact various currencies and markets. On Monday, the US Treasury will release their refunding financing estimates. Tuesday will see important data releases such as Japan’s Unemployment Rate, Eurozone Flash Q2 GDP, US Job Openings, and US Consumer Confidence.
Wednesday will be a key day with Japan’s Industrial Production and Retail Sales data, Australia’s CPI figures, Chinese PMIs, BoJ Policy Decision, Eurozone Flash CPI, US ADP, Canada GDP, US ECI, US Treasury Refunding Announcement, and the FOMC Policy Decision. Thursday will bring data on China’s Caixin Manufacturing PMI, BoE Policy Decision, US Jobless Claims, Canada Manufacturing PMI, and US ISM Manufacturing PMI.
Finally, Friday will see releases including Australia’s PPI, Swiss CPI, Swiss Manufacturing PMI, and the US Non-Farm Payrolls report.
One key indicator to watch out for is the US Job Openings, which are expected to show a slight decrease from the previous month. This could indicate a rebalancing in the labor market as job availability decreases. Similarly, the US Consumer Confidence index is expected to show a slight dip, reflecting ongoing concerns about the future despite strength in current labor market views.
In Australia, the Q2 CPI figures will be closely watched as the market has been anticipating a rate hike following hot monthly CPI readings. The BoJ is expected to keep interest rates steady, although there is speculation of a potential rate hike. The Eurozone Flash CPI figures will also be important as they could influence the ECB’s decision on a rate cut in September.
The US Employment Cost Index and the Fed’s policy decision will provide insights into the state of the US labor market and potential rate cuts. The BoE’s policy decision will also be closely monitored, with expectations of a rate cut but uncertainties based on recent economic data.
Overall, this week’s economic events and data releases have the potential to impact global markets and currencies, so investors and traders should stay informed and be prepared for potential market movements.