DEPOSIT METHODS
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Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
WEEKLY OUTLOOK |
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24.07.2023-28.07.2023Good afternoon traders. Last week ended on a caution note due to the lack of major economic releases. On Monday the day kicked off with the Chinese GDP report showing weaker-than-expected growth numbers while the July Empire manufacturing survey in the US came above market consensus at 1.1. Statistics Canada reported on Tuesday that the annual inflation in Canada softened to 2.8% from 3.4% in May. At the same in the US core Retail Sales saw strong gains in June giving a boost to the Dollar. Data from New Zealand revealed, during Wednesday’s Asian session that the annual CPI declined to 6% in the second quarter from 6.7% in the first quarter helping the NZD edge higher. Later that day UK’s Office for National Statistics released the CPI report that showed a decline of inflation to 7.9%. On Thursday, Australian Unemployment Rate held steady at 3.5% while Employment Change arrived at +32,600 giving the AUD a bullish momentum. USD also gained from better-than-expected Initial Jobless Claims data that fell to 228K, the lowest level since mid-May. Finally on Friday we had the releases of Retail Sales report from UK and Canada. Sales in the UK turned out more resilient than expected while in Canada Core Sales declined. This week we will watch a series of flash PMI’s figures coming from all over the world while form the fundamental front the Federal Reserve (Fed), the European Central Bank (ECB) and the Bank of Japan (BoJ) will meet this week. Have a nice week ahead.
Monday 24 July
Time CET
Cur.
Event
Forecast
Previous
10:30
EUR
German Flash Manufacturing PMI
40.6
11:30
GBP
Flash Manufacturing PMI
46.5
16:45
USD
Flash Manufacturing PMI
46.3
Tuesday 25 July
Time CET
Cur.
Event
Forecast
Previous
09:00
EUR
German Ifo
Business Climate Index
87.9
88.5
11:00
GBP
CBI Industrial
Trends Orders
-15
17:00
USA
CB Consumer Confidence
113.0
109.7
Wednesday 26 July
Time CET
Cur.
Event
Forecast
Previous
04:30
AUD
CPI q/q
1.0%
1.4%
21:00
USD
Federal
Funds Rate
5.50%
5.25%
21:30
USD
FOMC Press Conference
Thursday 27 July
Time CET
Cur.
Event
Forecast
Previous
15:15
EUR
Main Refinancing Rate
15:30
USD
Advance
GDP q/q
2.0%
15:45
EUR
ECB Press Conference
Friday 28 July
Time CET
Cur.
Event
Forecast
Previous
Tentative
JPY
BOJ Outlook Report
15:30
CAD
GDP
m/m
0.0%
15:30
USD
Core PCE Price Index
0.3%
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