Fundamental August 2019

19th-23rd August Main Economic Events

News and economic event analysis disclaimer: This fundamental report is not advice or a recommendation to trade or invest, it is educational and general information only. Don’t blindly buy and sell the markets/products discussed in this article, do your own research and be aware of the risks and rewards.

Here are some of the key economic data that will be the focus of the market this week.

Type: European Zone Inflation Readings
Time: Monday, 9.00pm
Quick view: The final reading of the July European consumer price index is expected to remain at 1.1% as before. This data is an important indicator of the central bank’s inflation target.

Type: Minutes of the Central Bank of Australia
Time: Tuesday, 1:30 am
Quick view: The Reserve Bank of Australia will release minutes of the meeting for July and investors will be looking into the statements made by the central bank for guidance on upcoming policy meetings.

Type: Canadian Inflation Data
Time: Wednesday, 12:30 pm
Quick view: The Canadian consumer price index posted a good reading a few months earlier before declining in June. Reading for July is expected to see a positive return.

Type: FOMC Meeting Minutes
Time: Wednesday, 6:00 pm
Quick view: Investors will pay attention to the minutes of the FOMC meeting after the FED announced the latest interest rate cut. The central bank’s decision was driven by concerns over trade war tensions and weak inflation.

Type: European Zone PMI data
Time: Thursday, 7.15-8.00 am
Quick view: Starting with data readings in France, then in Germany and followed by overall readings for the European Zone PMI.

Type: European Central Bank Meeting minutes
Time: Thursday, 11.30 am
Quick view: The European Central Bank is expected to announce a stimulus package at this September meeting, including interest rate cuts and the possibility of restarting a bond purchase program.

Type: United States Manufacturing PMI Data
Time: Thursday, 9:45 pm
Quick view: The reading of data for US manufacturing PMI is expected to see a slight improvement as a result of gains in Philadelphia and Empire State survey data.

Type: New Zealand Retail Sales Data
Time: Thursday, 10.45 pm
Quick view: Retail sales reading for the second quarter of 2019 in New Zealand is expected to decline after a decline in the first quarter. This data also serves as a guide to consumer spending and also impacts the market.

Type: Retail Retail Data of Canada
Time: Friday, 12:30 pm
Quick view: Retail sales rates for June in Canada are expected to continue to decline in the reading count due to declines in the employment sector, thus affecting consumer spending.

Type: Speech Jerome Powell
Time: Friday, 2 pm
Quick view: The market will focus on the speech of FED Chairman Jerome Powell at the annual event of the Jackson Hole symposium in Wyongmin. The key question is whether the FED will lower interest rates at the September meeting?

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