29th July 2019 - 2nd August 2019
• JPY Retail Trade, Large Retailer’s Sales It’s just another typical Monday with no significant activity. However, investors will be trading the market over sentiments. Nonetheless, the Japanese unemployment rate and prelim industrial production will be in focus to capture any price action in JPY. The Retail Trade released by the Ministry of Economy, Trade and Industry captures the aggregate sales made through a business location (usually a store) in which the principal activity is the sale of merchandise and related services to the general public, for household or personal consumption. • BoJ Monetary Policy Statement, Interest Rate Decision • Eur Harmonized Index of Consumer Prices (YoY) USD Housing Price Index provides and estimate value of housing market conditions. It is expected to be 1.5% as compare to previous 1.3%. It can give boost to EUR. Key stats in the week include German consumer sentiment, retail sales, and employment numbers due out on Tuesday and Wednesday. French GDP and consumer spending figures due out on Tuesday and Eurozone GDP numbers on Wednesday will also have an impact. On the inflation front, prelim July figures through the week will need to be tracked, though any uptick is unlikely to have a material impact on ECB monetary policy near-term. • EUR Gross Domestic Product s.a. (YoY), Consumer Price Index (YoY) • USD Fed's Monetary Policy Statement, Fed Interest Rate Decision It’s going to be the second most important day after Friday this week as the US Federal Reserve will be releasing the FOMC statement and interest rate, investors are waiting for a good result that can impact the rival currencies of dollar. • BoE Interest Rate Decision, Governor Carney speech • USD ISM Manufacturing PMI Typically, the market exhibits fragile trading volume and volatility ahead of the big day as the investors try to save their shots ahead of the NFP. Yet, the Sterling pairs will remain in highlights on the release of Inflation report and BOE Monetary Policy decisions. Every eye will be on BOE interest rate decision as GBP is in critical condition from a long time. It’s a relatively busy week ahead for the Pound. On the data front, key stats are limited to July’s manufacturing and construction PMI’s due out on Thursday and Friday. While we can expect both sets of numbers to influence, the focus will be on the MPC on Thursday. Carney’s press conference and any dissent will have the greatest impact. There’s been a lot of confusion over what lies ahead on the monetary policy front. Brexit remains the key uncertainty. Outside of the numbers, any Brexit chatter will also need to be considered along with any military action in the Middle East. • USD Average Hourly Earnings (YoY), Nonfarm Payrolls At the end of the week, wage growth and nonfarm payrolls will round off a busy week. Of less influence will be June factory orders and finalized consumer sentiment numbers due out on Friday. Nonfarm Payrolls USD is expected to be positive and a good sign for dollar. Monday
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