{"id":5138,"date":"2023-07-24T06:19:59","date_gmt":"2023-07-24T06:19:59","guid":{"rendered":"https:\/\/justmarkets.eu\/?p=5138"},"modified":"2023-07-24T06:20:00","modified_gmt":"2023-07-24T06:20:00","slug":"weekly-overview-2023-07-24-2","status":"publish","type":"post","link":"https:\/\/justmarkets.eu\/it\/analytics\/weekly-overview-2023-07-24-2\/","title":{"rendered":"Week&#8217;s main events (July 24- July 28)"},"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;24&nbsp;\u2013 July&nbsp;28)\n    <\/h1>\n    <div class=\"ag-analytics-page ag-market-overview-page\">\n     <p class=\"ag-analytics_text\">\nThe main focus of investors this week will be on the meetings of the central banks of the United States, the Eurozone, and Japan. Both the Fed and the ECB are expected to raise rates by 0.25%, while Japan is not expected to make any changes. However, it should be united that there is still a slight possibility of yield curve control adjustments. Also worth watching this week is the PCE Price Index, which is the US Fed&#8217;s preferred inflation indicator. And let&#8217;s not forget the second quarter reporting season in the United States. Tech giants will be reporting this week. \n  <\/p>\n  \n\n  \n \n\n  <div class=\"ag-analytics_title\">\n    Monday, July&nbsp;24\n  <\/div>\n  <div class=\"ag-analytics_title-list\">\nMonday will see the release of a slew of data on business activity in the manufacturing and service sectors. These data help to assess economic health. Values above 50 indicate industry growth, while values below 50 indicate contraction.\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 Trade Balance (q\/q) at 01:45 (GMT+3);\n    <\/li>\n     <li class=\"ag-analytics_item\">\n\u2013 Australia Manufacturing PMI (m\/m) at 02:00 (GMT+3);\n    <\/li>\n      <li class=\"ag-analytics_item\">\n\u2013 Australia Services PMI (m\/m) at 02:00 (GMT+3);\n    <\/li>\n     <li class=\"ag-analytics_item\">\n\u2013 Japan Manufacturing PMI (m\/m) at 03:30 (GMT+3);\n    <\/li>\n     <li class=\"ag-analytics_item\">\n\u2013 Japan Services PMI (m\/m) at 03:30 (GMT+3);\n    <\/li>\n     <li class=\"ag-analytics_item\">\n\u2013 Singapore Consumer Price Index (m\/m) at 08:00 (GMT+3);\n    <\/li>\n         <li class=\"ag-analytics_item\">\n\u2013 Germany Manufacturing PMI (m\/m) at 10:30 (GMT+3);\n    <\/li>\n         <li class=\"ag-analytics_item\">\n\u2013 Germany Services PMI (m\/m) at 10:30 (GMT+3);\n    <\/li>\n         <li class=\"ag-analytics_item\">\n\u2013 Eurozone Manufacturing PMI (m\/m) at 11:00 (GMT+3);\n    <\/li>\n         <li class=\"ag-analytics_item\">\n\u2013 Eurozone Services PMI (m\/m) at 11:00 (GMT+3);\n    <\/li>\n         <li class=\"ag-analytics_item\">\n\u2013 UK Manufacturing PMI (m\/m) at 11:30 (GMT+3);\n    <\/li>\n         <li class=\"ag-analytics_item\">\n\u2013 UK Services PMI (m\/m) at 11:30 (GMT+3);\n    <\/li>\n         <li class=\"ag-analytics_item\">\n\u2013 US Manufacturing PMI (m\/m) at 16:45 (GMT+3);\n    <\/li>\n         <li class=\"ag-analytics_item\">\n\u2013 US Services PMI (m\/m) at 16:45 (GMT+3).\n    <\/li>\n   \n    \n \n<br>\n  <div class=\"ag-analytics_title\">\n    Tuesday, July&nbsp;25\n  <\/div>\n  <div class=\"ag-analytics_title-list\">\nOn Tuesday, traders should pay attention to the US CB Consumer Confidence. The index is expected to rise, indicating that US consumers are feeling good in a period of high-interest rates, which will increase the likelihood of another rate hike after the July meeting of the US Federal Reserve.\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 German Ifo Business Climate (m\/m) at 11:00 (GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 US CB Consumer Confidence (m\/m) at 17:00 (GMT+3).\n    <\/li>\n    \n    <\/ul>\n       \n\n  <div class=\"ag-analytics_title\">\n    Wednesday, July&nbsp;26\n  <\/div>\n  <div class=\"ag-analytics_title-list\">\nOn Wednesday, investors will focus on the Fed Interest Rate Decision. With the Fed almost certain to raise interest rates again, investors will be focused on whether this could be the last increase in its tightening cycle. The hawkishness of the politicians at the press conference will increase the likelihood of another rate hike. Traders should also not miss the inflation data from Australia, where consumer prices are expected to decline.\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 Australia Consumer Price Index (q\/q) at 04:30 (GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 US New Home Sales (m\/m) at 17:00 (GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 US Crude Oil Reserves (w\/w) at 17:30 (GMT+3);\n    <\/li>\n       <li class=\"ag-analytics_item\">\n\u2013 US FOMC Statement at 21:00 (GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 US Fed Interest Rate Decision at 21:00 (GMT+3);\n    <\/li>\n     <li class=\"ag-analytics_item\">\n\u2013 US FOMC Press Conference at 21:30 (GMT+3).\n    <\/li>\n    \n  <\/ul>\n\n  <div class=\"ag-analytics_title\">\n    Thursday, July&nbsp;27\n  <\/div>\n  <div class=\"ag-analytics_title-list\">\nOn Thursday, investors should pay attention to the ECB Interest Rate Decision. The ECB is expected to raise rates by another 25 basis points, so all eyes are on the Central Bank&#8217;s plans for September, and markets are divided on whether there will be another hike or a pause. Traders should also pay attention to the US GDP data for the quarter. GDP growth will be positive for the US dollar and negative for US stock indices.\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 Eurozone ECB Interest Rate Decision at 15:15 (GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 Eurozone ECB Monetary Policy Statement at 15:15 (GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 US Core Durable Goods Orders (m\/m) at 15:30 (GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 US GDP (q\/q) at 15:30 (GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 US Initial Jobless Claims (w\/w) at 15:30 (GMT+3);\n    <\/li>\n        <li class=\"ag-analytics_item\">\n\u2013 Eurozone ECB Press Conference at 15:45 (GMT+3);\n    <\/li>\n     <li class=\"ag-analytics_item\">\n\u2013 US Pending Home Sales (m\/m) at 17:00 (GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 US Natural Gas Storage (w\/w) at 17:30 (GMT+3).\n    <\/li>\n     \n  <\/ul>\n\n  <div class=\"ag-analytics_title\">\n    Friday, July&nbsp;28\n  <\/div>\n  <div class=\"ag-analytics_title-list\">\nFriday will be very rich in economic events. The main data investors should focus on the Bank of Japan&#8217;s monetary policy decision. There is little time left for the Bank of Japan to change policy significantly, so there is a possibility that the BoJ may remove controls on the YCC yield curve. This would be a step towards policy normalization and would significantly strengthen the JPY. Also, traders should keep a close eye on the PCE Price Index, which is a more important indicator of inflation for the US Federal Reserve than CPI.\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 Tokyo Core CPI (m\/m) at 02:30 (GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 Japan BoJ Interest Rate Decision at 06:00 (GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 Japan BoJ Monetary Policy Statement at 06:00 (GMT+3);\n    <\/li>\n      <li class=\"ag-analytics_item\">\n\u2013 Japan BoJ Outlook Report at 06:00 (GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 Japan BoJ Press Conference at 09:00 (GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 Canada GDP (m\/m) at 15:30 (GMT+3);\n    <\/li>\n      <li class=\"ag-analytics_item\">\n\u2013 US PCE Price index (m\/m) at 15:30 (GMT+3);\n\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 US Michigan Consumer Sentiment (m\/m) at 17:00 (GMT+3).\n    <\/li>\n   \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\">2023.07.24<\/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;24&nbsp;\u2013 July&nbsp;28) The main focus of investors this week will be on the meetings of the central banks of the United States, the Eurozone, and Japan. Both the Fed and the ECB are expected to raise rates by 0.25%, while Japan is not expected to make any &#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-5138","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\/5138","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=5138"}],"version-history":[{"count":1,"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/posts\/5138\/revisions"}],"predecessor-version":[{"id":5140,"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/posts\/5138\/revisions\/5140"}],"wp:attachment":[{"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/media?parent=5138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/categories?post=5138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/tags?post=5138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}