Sunday, 4th August:
Economic Concerns: Fears about the economy continue as worries mount over the Federal Reserve’s prolonged high-interest rates potentially harming growth. This backdrop sets the tone for the week’s market activities.
Monday, 5th August:
USD ISM Services PMI – 3:00pm BST: Following a surprising contraction last month, another weak reading could upset recent rotations into industrial and small-cap stocks, leading to further market selling.
Fed Speakers: San Francisco Fed President Mary Daly and Richmond Fed President Thomas Barkin will speak, providing insights after the Fed kept rates on hold last week but hinted at a potential rate cut in September.
Tuesday, 6th August:
RBA Interest Rate Decision and Press Conference – 5:30am / 6:30am BST: With core inflation slowing, the Reserve Bank of Australia is expected to keep rates on hold. Market participants will scrutinize Governor Michelle Bullock’s comments for clues about future rate cuts.
GBP Construction PMI – 9:30am BST: Data on construction activity in the UK, with implications for the economic outlook.
NZD Employment Data – 11:45pm BST: With New Zealand’s economy under pressure from higher interest rates, this release will impact NZDUSD, which recently rebounded from lows.
Wednesday, 7th August:
China Trade Data – 4:00am BST: Important updates on China’s trade activities. Weak data could negatively impact the China A50 and Hong Kong 50 indices, as well as key commodities like Oil, Silver, and Copper.
CAD Ivey PMI – 3:00pm BST: Insights into the Canadian economy’s performance, crucial after recent interest rate cuts.
US 10-year Bond Auction – 6:01pm BST: The auction results will influence bond markets and interest rate expectations.
Earnings Season: High-profile earnings from Caterpillar and Super Micro Computer will provide further insights into industrial health and the AI market’s excitement. Walt Disney and Eli Lilly also report this week.
Thursday, 8th August:
AUD RBA Governor Bullock Speaks – 3:40am BST: Any comments will be closely watched for indications of future monetary policy.
NZD Inflation Expectations – 4:00am BST: Market-moving data for the New Zealand dollar.
USD Unemployment Claims – 1:30pm BST: Following last week’s jump, this data will be crucial for assessing labor market health. Economists expect a similar reading to last week’s 249,000, with any deviation potentially triggering market reactions.
US 30-year Bond Auction – 6:01pm BST: Key for long-term interest rate outlooks.
Friday, 9th August:
China Inflation Data (PPI/CPI) – 2:30am BST: Following recent rate cuts, these figures will be pivotal for market sentiment and the direction of local indices and commodities.
CAD Employment Data – 1:30pm BST: Vital for the Bank of Canada’s future rate decisions, especially following recent rate cuts. The labor market’s stability will be a key focus.
These events and data releases are crucial for traders and investors, offering valuable insights into economic trends and influencing market directions across various asset classes. Stay informed and prepared for potential market shifts and opportunities.
