{"id":5109,"date":"2023-07-17T06:33:13","date_gmt":"2023-07-17T06:33:13","guid":{"rendered":"https:\/\/justmarkets.eu\/?p=5109"},"modified":"2023-07-17T06:37:42","modified_gmt":"2023-07-17T06:37:42","slug":"weekly-overview-2023-07-17-2","status":"publish","type":"post","link":"https:\/\/justmarkets.eu\/it\/analytics\/weekly-overview-2023-07-17-2\/","title":{"rendered":"Week&#8217;s main events (July 17- July 21)"},"content":{"rendered":"\n<div class=\"ag-base_page ag-m-format-container\">\n    <h1 class=\"ag-base_title-page\">\n        Week&#8217;s main events (July&nbsp;17&nbsp;\u2013 July&nbsp;21)\n    <\/h1>\n    <div class=\"ag-analytics-page ag-market-overview-page\">\n      <p class=\"ag-analytics_text\">\nInflation data will continue to dominate the economic agenda this week. In Canada, the UK, and New Zealand, inflation is expected to decline, while inflationary pressures are expected to intensify in the Eurozone and Japan. Traders should also keep a close eye on China&#8217;s economic data. With deflationary forces intensifying, weak economic data could lead to massive stimulus. Several big companies are due to report this week such as BAC, MS, LMT, SCHW, TSLA, NFLX, IBM, GS, USB, TSM, and JNJ. Volatility on stock indices will increase as the reporting period moves towards the middle.\n  <\/p>\n  \n\n  \n \n\n  <div class=\"ag-analytics_title\">\n    Monday, July&nbsp;17\n  <\/div>\n  <div class=\"ag-analytics_title-list\">\nOn Monday, the main focus of investors will be on China&#8217;s economic data. GDP is expected to show 7.3% annualized growth, but other data is expected to be weak. It&#8217;s worth keeping in mind that this data has a significant impact on Asian indices. It&#8217;s a bank holiday in Japan.\n  <\/div>\n  <div class=\"ag-analytics_title-list__strong\">\n    Main events of the day:\n  <\/div>\n  <ul class=\"ag-analytics_list\">\n    <li class=\"ag-analytics_item\">\n\u2013 China GDP (q\/q) at&nbsp;05:00&nbsp;(GMT+3);\n    <\/li>\n     <li class=\"ag-analytics_item\">\n\u2013 China Industrial Production (m\/m) at&nbsp;05:00&nbsp;(GMT+3);\n    <\/li>\n      <li class=\"ag-analytics_item\">\n\u2013 China Retail Sales (m\/m) at&nbsp;05:00&nbsp;(GMT+3);\n    <\/li>\n     <li class=\"ag-analytics_item\">\n\u2013 China Unemployment Rate (m\/m) at&nbsp;05:00&nbsp;(GMT+3);\n    <\/li>\n     <li class=\"ag-analytics_item\">\n\u2013 Eurozone ECB President Lagarde Speaks at&nbsp;11:15&nbsp;(GMT+3);\n    <\/li>\n     <li class=\"ag-analytics_item\">\n\u2013 US NY Empire State Manufacturing Index (m\/m) at&nbsp;15:30&nbsp;(GMT+3).\n    <\/li>\n   \n    \n \n<br>\n  <div class=\"ag-analytics_title\">\n    Tuesday, July&nbsp;18\n  <\/div>\n  <div class=\"ag-analytics_title-list\">\nThe Reserve Bank of Australia will update its monetary policy statement. Australia is on its way to tightening monetary policy amid high inflation, so it is important to keep an eye on this data. Traders&#8217; attention should also be focused on the Canada Consumer Price Index. Analysts expect that in annual terms, inflation in Canada will continue to decrease, which, considering the pause from the Bank of Canada, could be a negative factor for the Canadian currency. Investors will also get an update on US retail sales. This indicator shows how consumers spend money during a high-interest rate period.\n\n  <\/div>\n  <div class=\"ag-analytics_title-list__strong\">\n    Main events of the day:\n  <\/div>\n  <ul class=\"ag-analytics_list\">\n    <li class=\"ag-analytics_item\">\n\u2013 Australia RBA Meeting Minutes (m\/m) at&nbsp;04:30&nbsp;(GMT+3);\n\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 Canada Consumer Price Index (m\/m) at&nbsp;15:30&nbsp;(GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 US Retail Sales (m\/m) at&nbsp;15:30&nbsp;(GMT+3);\n    <\/li>\n      <li class=\"ag-analytics_item\">\n\u2013 US Industrial Production (m\/m) at&nbsp;16:15&nbsp;(GMT+3).\n    <\/li>\n    <\/ul>\n       \n\n  <div class=\"ag-analytics_title\">\n    Wednesday, July&nbsp;19\n  <\/div>\n  <div class=\"ag-analytics_title-list\">\nThe main event on Wednesday will be the inflation data in the United Kingdom, Eurozone, and New Zealand. Analysts predict that the inflation in New Zealand will decrease from&nbsp;6.7% to&nbsp;5.9% y\/y, in the UK is expected to see a slight decrease from&nbsp;8.7% to 8.2% y\/y, while in the Eurozone, analyst predicts a slight rise in CPI from&nbsp;5.3% to&nbsp;5.4% y\/y. As a rule, lower inflation is accompanied by the weakness of the national currency and vice versa. It is also worth remembering that New Zealand inflation data is published quarterly, which increases its importance.\n\n\n  <\/div>\n  <div class=\"ag-analytics_title-list__strong\">\n    Main events of the day:\n  <\/div>\n  <ul class=\"ag-analytics_list\">\n    <li class=\"ag-analytics_item\">\n\u2013 New Zealand Consumer Price Index (q\/q) at&nbsp;01:45&nbsp;(GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 UK Consumer Price Index (m\/m) at&nbsp;09:00&nbsp;(GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 Eurozone Consumer Price Index (m\/m) at&nbsp;12:00&nbsp;(GMT+3);\n    <\/li>\n       <li class=\"ag-analytics_item\">\n\u2013 US Building Permits (m\/m) at&nbsp;15:30&nbsp;(GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 US Crude Oil Reserves (w\/w) at&nbsp;17:30&nbsp;(GMT+3).\n    <\/li>\n    \n  <\/ul>\n\n  <div class=\"ag-analytics_title\">\n    Thursday, July&nbsp;20\n  <\/div>\n  <div class=\"ag-analytics_title-list\">\nThursday will be a relatively quiet day. Traders should be interested in the Bank of China&#8217;s interest rate decision. Inflation in China has reached negative values (deflation), so the PBoC may consider lowering the main rate and increasing economic stimulus. Investors should also pay attention to the trade balance data for Japan, Switzerland, and the Eurozone.\n\n  <\/div>\n  <div class=\"ag-analytics_title-list__strong\">\n    Main events of the day:\n  <\/div>\n  <ul class=\"ag-analytics_list\">\n    <li class=\"ag-analytics_item\">\n\u2013 Japan Trade Balance (m\/m) at&nbsp;02:50&nbsp;(GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 China PBoC Loan Prime Rate at&nbsp;04:15&nbsp;(GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 Australia Unemployment Rate (m\/m) at&nbsp;04:30&nbsp;(GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 Switzerland Trade Balance (m\/m) at&nbsp;09:00&nbsp;(GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 US Initial Jobless Claims (w\/w) at&nbsp;15:30&nbsp;(GMT+3);\n    <\/li>\n        <li class=\"ag-analytics_item\">\n\u2013 US Philadelphia Fed Manufacturing Index (m\/m) at&nbsp;15:30&nbsp;(GMT+3);\n    <\/li>\n     <li class=\"ag-analytics_item\">\n\u2013 US Existing Home Sales (m\/m) at&nbsp;17:00&nbsp;(GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 US Natural Gas Storage (w\/w) at&nbsp;17:30&nbsp;(GMT+3).\n    <\/li>\n     \n  <\/ul>\n\n  <div class=\"ag-analytics_title\">\n    Friday, July&nbsp;21\n  <\/div>\n  <div class=\"ag-analytics_title-list\">\nThe most important Friday release for investors will be the inflation rate data in Japan. Analysts expect a slight increase in consumer inflation. The volatility on the currency pairs with the Japanese yen will increase because as inflation rises, the Bank of Japan will be forced to shift toward monetary policy normalization. Investors should also pay attention to the retail sales data in Canada and the United Kingdom.\n  <\/div>\n  <div class=\"ag-analytics_title-list__strong\">\n    Main events of the day:\n  <\/div>\n  <ul class=\"ag-analytics_list\">\n    <li class=\"ag-analytics_item\">\n\u2013 Japan National Core Consumer Price Index at&nbsp;02:30&nbsp;(GMT+3);\n\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 UK Retail Sales (m\/m) at&nbsp;09:00&nbsp;(GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 Canada Retail Sales (m\/m) at&nbsp;15:30&nbsp;(GMT+3).\n    <\/li>\n        \n  <\/ul>\n\n\n        <p class=\"ag-analytics_text\">\n            by <span class=\"author vcard\"><span class=\"fn\">JustMarkets<\/span><\/span>,\n            <span class=\"updated\">2023.07.17<\/span>\n        <\/p>\n\n        <!--a href=\"\/analytics\/daily-forecast\" class=\"ag-analytics_link\">\n          We advise you to get acquainted with the daily forecasts for the major currency pairs.\n        <\/a-->\n\n        \n        <a class=\"ag-base-btn\" href=\"https:\/\/secure.justmarkets.eu\/it\/register\/?sl=1\">Open Account<\/a>\n    <\/ul><\/div>\n<\/div>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Week&#8217;s main events (July&nbsp;17&nbsp;\u2013 July&nbsp;21) Inflation data will continue to dominate the economic agenda this week. In Canada, the UK, and New Zealand, inflation is expected to decline, while inflationary pressures are expected to intensify in the Eurozone and Japan. Traders should also keep a close eye on China&#8217;s economic &#8230;<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[187],"tags":[],"class_list":["post-5109","post","type-post","status-publish","format-standard","hentry","category-analytics"],"featured_image_src":"","blog_images":{"medium":"","large":""},"acf":[],"aioseo_notices":[],"ams_acf":[],"_links":{"self":[{"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/posts\/5109","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\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/comments?post=5109"}],"version-history":[{"count":1,"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/posts\/5109\/revisions"}],"predecessor-version":[{"id":5110,"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/posts\/5109\/revisions\/5110"}],"wp:attachment":[{"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/media?parent=5109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/categories?post=5109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/tags?post=5109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}