Important: Please be aware that the following expected figures are analysts estimates based upon the data available at the time this calendar was posted. As each data point draws nearer you should expect some fluctuation in these expectations and stay as up to date as you possibly can as to any renewed expectations immediately prior to the release of a data point.
The WEEK AHEAD Forex Trading calendar:
3am – China trade balance (July): the surplus is expected to rise to $49 billion from $48.1 billion.
7am – German industrial production (June): expected to rise 0.9% MoM, compared to a 1.3% fall in May.
2.30am – Australia NAB business confidence (July): expected to fall to 5 from 6 in June.
2.30am – China CPI (July): price growth is expected to fall to 1.7% YoY from 1.9%, while MoM it remains at -0.1%.
7am – German trade balance (June): Germany’s trade surplus is expected to rise slightly, to €23.2 billion from €22.2 billion.
9.30am – UK trade balance, industrial & mfg production MoM (June): all this data is rather stale, so its impact will be limited. However the deficit is expected flat at 0% against a prior print -0.5%.
3.30pm – US crude inventories: stockpiles are expected to fall by 100,000 barrels, after a big 1.4 million barrel increase in the previous week.
10.00pm – NZD Official Bank Rate, Statement & MPS: The market is currently pricing in a 25Bps cut from 2.25% to 2.00%. RBNZ Press Conference to follow at 11.00pm
1.30pm – US initial jobless claims: Expected relatively flat at 272 K against a prior print of 269K a week earlier.
6.30am – China Industrial Production YoY: Expected flat at 6.2%
6.30am – China retail sales (July): these are forecast to slow to YoY growth of 10.5% from 10.6%.
7am – German GDP (Q2, flash): growth is expected to slow to 0.3% QoQ from 0.7%, and 1.4% from 1.3% YoY.
10am – Eurozone Flash GDP (Q2, second estimate): growth for the eurozone as a whole is expected to be revised to 0.3% QoQ from 0.6%, and to 1.6% from 1.7% YoY.
1.30pm – US PPI, retail sales (July): producer prices are expected to fall to 0.1% MoM, from 0.5%, while retail sales MoM are forecast to fall 0.4% from 0.6%.
3pm – US Michigan consumer confidence (August, preliminary): the first reading for August is expected to rise to 91.5 from 90.
Source: IG / FF / CC