Fundamental July 2019

22nd-26th July 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: New Zealand Balance Sheet Data
Time: Wednesday, 10.45 am
Quick view: Data reading is expected to continue to decline for the third consecutive month. However, rising New Zealand manufacturing PMI survey data could have led to an increase in reading data.

Type: PMI European Zone Manufacturing Data
Time: Wednesday, 8.00 am
Quick view: Data reading is still below the 50.0 level with the decline in previous ZEW reviews affecting data degradation.

Type: European Central Bank Monetary Policy
Time: Thursday, 11.45 am
Quick view: The market expects the European Central Bank (ECB) to be more inclined towards more liberal monetary policy. Interest rates are expected to remain at zero levels, but a follow-up statement by the central bank will attract investors.

Type: United States Durable Goods Order Data
Time: Thursday, 12:30 pm
Quick view: After registering higher than expected in the month of Meri, the June market data is expected to rebound with a predicted decline of 0.2% compared to previously updated 0.4%. This data is a guide for production, with decreased orders showing manufacturing activity slowing down.

Type: US GDP Growth Data
Time: Friday, 12:30 pm
Quick View: Early reading of GDP growth in the United States will be affected by declines in retail sales data as well as declining trade balance data for the second quarter. Poor data reading will also affect the Federal Reserve’s decision at next week’s policy meeting.

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