{"id":5222,"date":"2023-07-31T07:23:31","date_gmt":"2023-07-31T07:23:31","guid":{"rendered":"https:\/\/justmarkets.eu\/?p=5222"},"modified":"2023-07-31T07:23:32","modified_gmt":"2023-07-31T07:23:32","slug":"weekly-overview-2023-07-31-3-2-2","status":"publish","type":"post","link":"https:\/\/justmarkets.eu\/pl\/analytics\/weekly-overview-2023-07-31-3-2-2\/","title":{"rendered":"Week&#8217;s main events (July 31- August 04)"},"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;31&nbsp;\u2013 August&nbsp;04)\n    <\/h1>\n    <div class=\"ag-analytics-page ag-market-overview-page\">\n    <p class=\"ag-analytics_text\">\nThis week&#8217;s main events will be data on the labor market (Nonfarm Payrolls) in the United States, as well as interest rate meetings of the central banks of England and Australia. Analysts forecast that both the Bank of England (BoE) and the Reserve Bank of Australia&nbsp;(RBA) will raise interest rates by&nbsp;0.25%. Also, this week there will be a lot of macroeconomic statistics on manufacturing PMI and services PMI data which will give an indication of global economic trends in key economies for the first month of the third quarter. \n  <\/p>\n  \n\n  \n \n\n  <div class=\"ag-analytics_title\">\n    Monday, July&nbsp;31\n  <\/div>\n  <div class=\"ag-analytics_title-list\">\nOn Monday, traders will focus on Eurozone inflation and second-quarter GDP data. GDP data is expected to show that the bloc&#8217;s economy returned to growth in the second quarter, with inflation expected to slow slightly.\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 Industrial Production (m\/m) at 02:50 (GMT+3); \n    <\/li>\n     <li class=\"ag-analytics_item\">\n\u2013 Japan Retail Sales (m\/m) at 02:50 (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 China Manufacturing PMI (m\/m) at 04:30 (GMT+3);\n    <\/li>\n     <li class=\"ag-analytics_item\">\n\u2013 China Non-Manufacturing PMI (m\/m) at 04:30 (GMT+3);\n    <\/li>\n     <li class=\"ag-analytics_item\">\n\u2013 German Retail Sales (m\/m) at 09:00 (GMT+3);\n    <\/li>\n         <li class=\"ag-analytics_item\">\n\u2013 Switzerland Retail Sales (m\/m) at 09:30 (GMT+3);\n    <\/li>\n         <li class=\"ag-analytics_item\">\n\u2013 Eurozone Consumer Price Index (m\/m) at 12:00 (GMT+3);\n    <\/li>\n         <li class=\"ag-analytics_item\">\n\u2013 Eurozone GDP (q\/q) at 12:00 (GMT+3);\n    <\/li>\n         <li class=\"ag-analytics_item\">\n\u2013 US Chicago PMI (m\/m) at 16:45 (GMT+3).\n    <\/li>\n\n   \n    \n \n<br>\n  <div class=\"ag-analytics_title\">\n    Tuesday, August&nbsp;01\n  <\/div>\n  <div class=\"ag-analytics_title-list\">\nThe main event on Tuesday will be the decision of Australia&#8217;s Central Bank on the interest rate. Australia&#8217;s Central Bank is expected to raise the interest rate by&nbsp;0.25%. Volatility in currency pairs with the Australian dollar will increase. Traders should also pay attention to the US JOLTs Job Openings. Strong labor market data increase the likelihood of another rate hike by the US Fed. It&#8217;s a bank holiday in Switzerland.\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 Unemployment Rate (m\/m) at 02:50 (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 Australia RBA Interest Rate Decision (m\/m) at 07:30 (GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 Australia RBA Rate Statement (m\/m) at 07:30 (GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 German Manufacturing PMI (m\/m) at 10:55 (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 UK Manufacturing PMI (m\/m) at 11:30 (GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 Eurozone Unemployment Rate (m\/m) at 12:00 (GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 Canada Manufacturing PMI (m\/m) at 16:30 (GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 US ISM Manufacturing PMI (m\/m) at 17:00 (GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 US JOLTs Job Openings (m\/m) at 17:00 (GMT+3).\n    <\/li>\n    \n    <\/ul>\n       \n\n  <div class=\"ag-analytics_title\">\n    Wednesday, August&nbsp;02\n  <\/div>\n  <div class=\"ag-analytics_title-list\">\nOn Wednesday, traders should focus on New Zealand&#8217;s unemployment data. This data is published once a quarter and has a significant influence on the RBNZ policy. It is also worth paying attention to the Bank of Japan&#8217;s monetary policy report, as the Bank of Japan is slowly shifting towards policy normalization. The US Crude Oil Reserves data, which has a great impact on oil prices, should also be in focus. \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 Unemployment Rate (q\/q) at 01:45 (GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 Japan Monetary Policy Meeting Minutes at 02:50 (GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 US ADP Nonfarm Employment Change (m\/m) at 15:15 (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    \n  <\/ul>\n\n  <div class=\"ag-analytics_title\">\n    Thursday, August&nbsp;03\n  <\/div>\n  <div class=\"ag-analytics_title-list\">\nOn Thursday, traders will mainly focus on the Interest Rate Decisions from the Bank of England. According to preliminary data, the BOE is expected to hike rates by another 0.25% to curb inflation. The Bank of England has faced criticism from investors for lagging behind other central banks, with inflation the highest among developed economies. Also, on Thursday, Switzerland&#8217;s inflation data will be released. A slight decline in annual inflation of 0.1% is expected.\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 Services PMI (m\/m) at 03:30 (GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 Australia Trade Balance (m\/m) at 04:30 (GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 Switzerland Consumer Price Index (m\/m) at 09:30 (GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 German Services PMI (m\/m) at 10:55 (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 Services PMI (m\/m) at 11:30 (GMT+3);\n    <\/li>\n     <li class=\"ag-analytics_item\">\n\u2013 Eurozone Producer Price Index (m\/m) at 12:00 (GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 UK BoE Interest Rate Decision (m\/m) at 14:00 (GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 UK BoE Monetary Policy Statement (m\/m) at 14:00 (GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 UK BoE Gov Bailey Speaks at 14:30 (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 US ISM Services PMI (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, August&nbsp;04\n  <\/div>\n  <div class=\"ag-analytics_title-list\">\nThe most important Friday release is Nonfarm Payrolls. This data can trigger increased volatility in the market, and this indicator is also taken into account by the Fed to adjust monetary policy. Indications of continued strength in the labor market could add to bets on how aggressive the Fed may be in tightening monetary policy at the September meeting. Traders should also keep a close eye on the Canadian market labor data. \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 Monetary Policy Statement (m\/m) at 04:30 (GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 UK Construction PMI (m\/m) at 11:30 (GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 Eurozone Retail Sales (m\/m) at 12:00 (GMT+3);\n    <\/li>\n      <li class=\"ag-analytics_item\">\n\u2013 US Nonfarm Payrolls (m\/m) at 15:30 (GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 US Unemployment Rate (m\/m) at 15:30 (GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 Canada Unemployment Rate (m\/m) at 15:30 (GMT+3);\n    <\/li>\n      <li class=\"ag-analytics_item\">\n\u2013 Canada Ivey PMI (m\/m) at 17:00 (GMT+3).\n\n    <\/li>\n   \n        \n  <\/ul>\n\n        <p class=\"ag-analytics_text\">\n            by <span class=\"author vcard\"><span class=\"fn\">JustMarkets<\/span><\/span>,\n            <span class=\"updated\">2023.07.31<\/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\/pl\/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;31&nbsp;\u2013 August&nbsp;04) This week&#8217;s main events will be data on the labor market (Nonfarm Payrolls) in the United States, as well as interest rate meetings of the central banks of England and Australia. Analysts forecast that both the Bank of England (BoE) and the Reserve Bank of &#8230;<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[193],"tags":[],"class_list":["post-5222","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\/pl\/wp-json\/wp\/v2\/posts\/5222","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/comments?post=5222"}],"version-history":[{"count":1,"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/posts\/5222\/revisions"}],"predecessor-version":[{"id":5223,"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/posts\/5222\/revisions\/5223"}],"wp:attachment":[{"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/media?parent=5222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/categories?post=5222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/tags?post=5222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}