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It’s a quieter week on the economic calendar, with 56 statistics in the middle of the week ending August 21. Last week, statistics had been developed.
It’s a busy week on the front lines of economic knowledge.
In the first part of the year, the Empire State production index in New York in August and housing figures in July were the center of attention.
Unless there are disastrous figures in the housing sector, expect production figures to be the main driver.
They will then be on the weekly unemployment lists and in the August production index figures of Philadelphia on Thursday.
We can expect a lot of influence from those statistics before a busy weekend.
On Friday, the first 16PIs in the personal sector are expected in August and house sales figures are in place in July. Expect the pre-service PMI to be the main driving force of the day.
From the FOMC, the minutes of the assembly are expected to expire on Wednesday. Although there are no surprises, there will probably be some caution before departure.
Far from the economic calendar, updates to the U.S.-China industry negotiations will influence earlier this week. There’s also the small COVID-19 stimulus package.
The Dollar Spot Index ended the week with a drop of 0.36% to 93,096.
It’s a busy week on the front lines of economic knowledge.
Markets, however, will have to wait until Friday to get key statistics.
The initial personal sector MICs of August for France, Germany and the euro will influence this weekend.
The German-produced PMI and the leading composite euro PMI are expected to be the main drivers.
They are most likely to set aside the final inflation figures in the euro dominance for July and the wholesale inflation figures in Germany.
The lack of statistics for the maximum of the week will leave the EUR in the hands of geopolitics and market sentiment.
On the front lines of financial policy, minutes of the ECB assembly are expected on Thursday. Minutes get a lot of attention. Before the last assembly, there were reports of dissent in the ranks …
The EUR/USD pair ended the week with a hike of 0.47% to $1.1842.
It’s also a busy week on the economic calendar. On Wednesday, July’s inflation figures are at the heart of concerns. However, with the Bank of England’s bleak outlook, we do not expect too much influence from the numbers.
On Thursday, CBI Industrial Trend orders from August are the center of attention, before a busy weekend.
July retail sales and early August personal sector PMI will take effect on Friday.
Expect retail sales figures and service PMI to be the drivers.
Far from the economic calendar, we listen to the EU and the UK on how the Brexit negotiations are progressing.
The GBP/USD ended the week with a hike of 0.26% to $1,3086.
It’s a busy week on the calendar.
Wednesday’s July inflation figures and June retail sales figures for June will be the drivers.
June wholesale figures and July housing costs are likely to have a moderate effect during the week.
Indeed, the personal sector’s IMPs will also influence the euro and the United States and geopolitics.
The Canadian dollar ended the week with a rise of 0.88% to C$1.3266 a US dollar.
It’s a quiet week on the economic calendar. There are no australian statistics indicating the direction of the Australian dollar.
The lack of statistics will leave the Australian dollar in the hands of sectoral and geopolitical PMI.
On the policy front, the minutes of the RBA assembly will generate interest on Tuesday.
Following the increase in new cases of COVID-19 in Melbourne, are more facilities being communicated?
The Australian finished the week with a hike of $0.20 to $0.7171.
It’s a quiet week on the economic calendar.
On the economic knowledge front, second-quarter wholesale inflation figures are expected by Wednesday.
However, we expect too much influence from the numbers.
The lack of statistics will leave the Kiwi in the hands of the market this week. The U.S. low PMI And the EU would increase the pressure on the Kiwi dollar.
Expect updates to the U.S.-China industry negotiations to also have an effect on COVID-19 news.
The Kiwi finished the week with a drop of $0.95% to $0.6542.
It’s a busy week on the economic calendar.
Second quarter GDP and June’s commercial output figures begin on Monday.
Then they will be in the July industry data, which will be published on Wednesday.
At the end of the week, the first 16PIs of the personal sector are expected in the August and July inflation figures. However, inflation is expected to have a moderate effect on the yen.
Far from the economic calendar, geopolitics and key drivers of COVID-19.
The Japanese yen ended the week with a drop of 0.64% to 106.60 euros the US dollar.
It’s a quiet week on the front lines of economic knowledge.
There are no vital statistics outside of China to guide.
The lack of statistics will leave The Yuan at the PBoC and any talks in Beijing.
On the front lines of financial policy, the PBoC is in action on Thursday. However, as a result of recent forecasts, it remains to be noted that recent economic knowledge will impose an additional drop in preferential interest rates. The PBoC had recently stated that the flexibilization cycle had come to an end.
Far from the economic calendar, the industrial negotiations of the weekend between the United States and China will have an impact.
The Chinese yuan ended the week with a hike of 0.25% to CNY 6.9504 per US dollar.
Brexit is likely to generate more interest next week. One of the main problems is the EU’s with British fisheries. While the British Brexit team may give in on other issues, the government is likely to stand firm on the rights to British waters. This will make an industrial agreement even harder to reach unless EU negotiators meet certain demands.
There is still no progress towards a COVID-19 recovery plan. While markets had largely solved the lack of progress last week, we may see an acceleration in volatility.
Much will depend on labor market situations during the summer. Any increase in demand for unemployment would make markets more vulnerable to continued lack of progress.
Finally, updates to negotiations in the U.S.-China industrial attempt will also want to be monitored. Tensions between the United States and China have increased in recent times due to several explanations why. Hong Kong, COVID-19 and piracy of U.S.-generation corporations. They are components of a developing list. U.S. negotiators can turn the screw and verify China’s involvement. Trump’s desire to distract COVID-19 markets will be an explanation for why negotiations for industrial attempts are explosive.
This article was originally published on FX Empire
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