{"id":11227,"date":"2025-07-21T06:48:55","date_gmt":"2025-07-21T06:48:55","guid":{"rendered":"https:\/\/justmarkets.eu\/?p=11227"},"modified":"2025-07-21T06:48:56","modified_gmt":"2025-07-21T06:48:56","slug":"weekly-overview-2025-07-21","status":"publish","type":"post","link":"https:\/\/justmarkets.eu\/it\/analytics\/weekly-overview-2025-07-21\/","title":{"rendered":"Week&#8217;s main events (July 21 \u2013 July 25)"},"content":{"rendered":"<div class=\"ag-base_page ag-m-format-container\">\n<h1 class=\"ag-base_title-page\">Week&#8217;s main events (July 21 \u2013 July 25)<\/h1>\n<div class=\"ag-analytics-page ag-market-overview-page\">\n<p class=\"ag-analytics_text\">In the upcoming week, market attention will remain firmly focused on trade developments and any potential agreements between the United States and its key trading partners. On a global scale, monetary policy decisions from the European Central Bank and the People&#8217;s Bank of China will take center stage. Investors will also closely monitor a broad range of international economic indicators, including flash PMI readings for the Eurozone, Germany, Japan, and the United Kingdom; retail sales figures from the UK and Canada; as well as inflation reports from Tokyo and New Zealand. Additionally, the US earnings season will enter full swing, with major corporations such as Alphabet, Tesla, Verizon, Coca-Cola, T-Mobile, and IBM scheduled to release their quarterly results.<\/p>\n<div class=\"ag-analytics_title\">Monday, July 21<\/div>\n<div class=\"ag-analytics_title-list\">On Monday, the spotlight will be on New Zealand&#8217;s inflation data, which is published only once a quarter. Consensus expectations indicate a deceleration in the annual CPI rate from 2.5% to 2.1% year-over-year (y\/y), which, if confirmed, could reinforce market expectations for the Reserve Bank of New Zealand (RBNZ) to maintain a cautious stance on future rate hikes. A softer CPI print could place downward pressure on the NZD. The PBoC&#8217;s decision is largely anticipated to be a non-event, but as always with China, any surprise would send ripples across global markets, particularly in commodities and emerging market currencies.<\/div>\n<div class=\"ag-analytics_title-list__strong\">Main events of the day:<\/div>\n<ul class=\"ag-analytics_list\">\n<li>\u2013 New Zealand Consumer Price Index (q\/q) at 01:45 (GMT+3);<\/li>\n<li>\u2013 China PBoC Loan Prime Rate at 04:00 (GMT+3);<\/li>\n<li>\u2013 Canada BOC Business Outlook Survey (m\/m) at 17:30 (GMT+3).<\/li>\n<\/ul>\n<div class=\"ag-analytics_title\">Tuesday, July 22<\/div>\n<div class=\"ag-analytics_title-list\">The minutes of the RBA central bank meeting, which surprised the market, will be released on Tuesday. The futures market is confident, as Governor Bullock noted, that the issue was timing, not policy direction, and is forecasting a quarter-point rate cut next month and another cut in Q4. A dovish protocol (e.g., an emphasis on slowing growth and greater openness to rate cuts) would tend to weaken the AUD. Federal Reserve Chair Jerome Powell&#8217;s speeches are among the most closely watched events in global finance due to the immense influence of US monetary policy. His remarks can significantly sway market sentiment.<\/div>\n<div class=\"ag-analytics_title-list__strong\">Main events of the day:<\/div>\n<ul class=\"ag-analytics_list\">\n<li>\u2013 Australia Monetary Policy Meeting Minutes at 04:30 (GMT+3);<\/li>\n<li>\u2013 UK BoE Gov Bailey Speaks at 12:15 (GMT+3);<\/li>\n<li>\u2013 US Fed Chair Powell Speaks at 15:30 (GMT+3);<\/li>\n<li>\u2013 US Richmond Manufacturing Index (m\/m) at 17:00 (GMT+3).<\/li>\n<\/ul>\n<div class=\"ag-analytics_title\">Wednesday, July 23<\/div>\n<div class=\"ag-analytics_title-list\">Wednesday\u2019s session brings a lighter data calendar, but key inflation data from Asia and energy market updates from the US will be in focus. Markets will begin the day with the release of the Singapore inflation report, where the CPI is expected to accelerate from 0.8% to 1.0% year-over-year. A stronger-than-expected reading could reinforce the Monetary Authority of Singapore\u2019s (MAS) tightening bias and support the Singapore dollar (SGD). Later in the day, attention will shift to the US crude oil inventory data, which remains a critical short-term driver for oil prices and energy-related equities. A larger-than-expected drawdown in reserves would suggest tighter supply conditions. It could add further upside momentum to WTI and Brent crude, particularly amid seasonal demand strength and geopolitical uncertainty. Conversely, a surprise build could cap recent gains.<\/div>\n<div class=\"ag-analytics_title-list__strong\">Main events of the day:<\/div>\n<ul class=\"ag-analytics_list\">\n<li>\u2013 Singapore Inflation Rate (m\/m) at 08:00 (GMT+3);<\/li>\n<li>\u2013 US Existing Home Sales (m\/m) at 17:00 (GMT+3);<\/li>\n<li>\u2013 US Crude Oil Reserves (w\/w) at 17:30 (GMT+3).<\/li>\n<\/ul>\n<div class=\"ag-analytics_title\">Thursday, July 24<\/div>\n<div class=\"ag-analytics_title-list\">The day will be dominated by preliminary PMI releases across major economies and the European Central Bank&#8217;s monetary policy decision \u2014 a key event for eurozone assets. The Purchasing Managers\u2019 Index (PMI) readings offer high-frequency insights into business conditions across the manufacturing and services sectors. PMI readings above 50 indicate expansion, while those below 50 signal contraction. Stronger-than-expected PMIs could lift risk sentiment and support local currencies and equities. Conversely, weak data, especially in Germany or the Eurozone, could reignite concerns about growth and pressure the euro and regional stock indices. Speaking about the ECB meeting, there is virtually no chance of a policy change. Moreover, ECB President Lagarde&#8217;s forward guidance is likely to be minimal. At this juncture, a rate cut at the next meeting (in September) also appears unlikely. This could have a negative impact on the euro, especially against the backdrop of the uncertainty of the tariff deal between the US and the EU.<\/div>\n<div class=\"ag-analytics_title-list__strong\">Main events of the day:<\/div>\n<ul class=\"ag-analytics_list\">\n<li>\u2013 Australia Manufacturing PMI (m\/m) at 02:00 (GMT+3);<\/li>\n<li>\u2013 Australia Services PMI (m\/m) at 02:00 (GMT+3);;<\/li>\n<li>\u2013 Japan Manufacturing PMI (m\/m) at 03:30 (GMT+3);<\/li>\n<li>\u2013 Japan Services PMI (m\/m) at 03:30 (GMT+3);<\/li>\n<li>\u2013 Germany GfK Consumer Confidence (m\/m) at 09:00 (GMT+3);<\/li>\n<li>\u2013 Germany Manufacturing PMI (m\/m) at 10:30 (GMT+3);<\/li>\n<li>\u2013 Germany Services PMI (m\/m) at 10:30 (GMT+3);<\/li>\n<li>\u2013 Eurozone Manufacturing PMI (m\/m) at 11:00 (GMT+3);<\/li>\n<li>\u2013 Eurozone Services PMI (m\/m) at 11:00 (GMT+3);<\/li>\n<li>\u2013 UK Manufacturing PMI (m\/m) at 11:30 (GMT+3);<\/li>\n<li>\u2013 UK Services PMI (m\/m) at 11:30 (GMT+3);<\/li>\n<li>\u2013 Eurozone ECB Interest Rate Decision at 15:15 (GMT+3);<\/li>\n<li>\u2013 Eurozone ECB Monetary Policy Statement at 15:15 (GMT+3);<\/li>\n<li>\u2013 Canada Retail Sales (m\/m) at 15:30 (GMT+3);<\/li>\n<li>\u2013 US Initial Jobless Claims (w\/w) at 15:30 (GMT+3);<\/li>\n<li>\u2013 Eurozone ECB Press Conference at 15:45 (GMT+3);<\/li>\n<li>\u2013 US Manufacturing PMI (m\/m) at 16:45 (GMT+3);<\/li>\n<li>\u2013 US Services PMI (m\/m) at 16:45 (GMT+3);<\/li>\n<li>\u2013 US New Home Sales (m\/m) at 17:00 (GMT+3);<\/li>\n<li>\u2013 US Natural Gas Storage (w\/w) at 17:30 (GMT+3).<\/li>\n<\/ul>\n<div class=\"ag-analytics_title\">Friday, July 25<\/div>\n<div class=\"ag-analytics_title-list\">There&#8217;s not much news on Friday, but it&#8217;s worth investors&#8217; attention. In the Asian session, it is worth paying attention to the Tokyo inflation data, which is often considered a leading indicator of the national inflation rate. It is expected to fall from 3.1% to 2.9% y\/y, which would confirm that inflation growth is unsustainable and reduce the likelihood of a rate hike from the BoJ this year. This could have an additional negative impact on the yen. The UK retail sales report is a key indicator of household consumption and near-term GDP growth momentum. A stronger-than-expected print would reinforce expectations of economic resilience and could lend support to the GB and lift UK equity markets. The core durable goods orders are a leading indicator of corporate confidence and capital expenditure, closely monitored by the Fed. A weaker print may suggest growing caution among firms and could weigh on the USD, especially if paired with soft housing data from earlier in the week.<\/div>\n<div class=\"ag-analytics_title-list__strong\">Main events of the day:<\/div>\n<ul class=\"ag-analytics_list\">\n<li>\u2013 Japan Tokyo Core CPI (m\/m) at 02:30 (GMT+3);<\/li>\n<li>\u2013 UK Retail Sales (m\/m) at 09:00 (GMT+3);\/li>\n<li>\u2013 German Ifo Business Climate (m\/m) at 11:00 (GMT+3);<\/li>\n<li>\u2013 US Core Durable Goods Orders (m\/m) at 15:30 (GMT+3).<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">by <span class=\"author vcard\"><span class=\"fn\">JustMarkets<\/span><\/span>, 2025.07.21<\/p>\n<p><a class=\"ag-base-btn\" href=\"https:\/\/secure.justmarkets.eu\/it\/register\/?sl=1\">Open Account<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Week&#8217;s main events (July 21 \u2013 July 25) In the upcoming week, market attention will remain firmly focused on trade developments and any potential agreements between the United States and its key trading partners. On a global scale, monetary policy decisions from the European Central Bank and the People&#8217;s Bank &#8230;<\/p>\n","protected":false},"author":21,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[187,329,339],"tags":[],"class_list":["post-11227","post","type-post","status-publish","format-standard","hentry","category-analytics","category-market-overview","category-weekly-overview"],"featured_image_src":"","blog_images":{"medium":"","large":""},"acf":[],"aioseo_notices":[],"ams_acf":[{"key":"icon","label":"Icon","value":false}],"_links":{"self":[{"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/posts\/11227","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/comments?post=11227"}],"version-history":[{"count":1,"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/posts\/11227\/revisions"}],"predecessor-version":[{"id":11234,"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/posts\/11227\/revisions\/11234"}],"wp:attachment":[{"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/media?parent=11227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/categories?post=11227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/tags?post=11227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}