{"id":9248,"date":"2024-08-28T08:58:20","date_gmt":"2024-08-28T08:58:20","guid":{"rendered":"https:\/\/justmarkets.eu\/?p=9248"},"modified":"2024-08-28T08:58:21","modified_gmt":"2024-08-28T08:58:21","slug":"weekly-overview-2024-08-26","status":"publish","type":"post","link":"https:\/\/justmarkets.eu\/pl\/analytics\/weekly-overview-2024-08-26\/","title":{"rendered":"Week’s main events (August 26 \u2013 August 30)"},"content":{"rendered":"\r\n
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Week’s main events (August 26 \u2013 August 30)<\/h1>\r\n
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\r\nThe US PCE Price report, the Federal Reserve’s preferred measure of inflation, is the most important data this week. Economists believe the figures will remain unchanged, which could play into the dollar’s hands, as it would tip the scales in favor of a 0.25% rate cut, not 0.5% at the September meeting. The Eurozone and Australian inflation data should also be on the trader’s list. Eurozone core inflation is estimated to fall from 2.6% y\/y in July to 2.3% in August, bringing it closer to the ECB’s 2% target. In Australia, inflation will also be a dominant theme. In June, the annual Consumer Price Index fell to 3.8%. If there is no new progress in July, the RBA will almost certainly continue to rule out a rate hike this year, which will be positive for the Australian dollar.\r\n <\/p>\r\n\r\n

\r\n Monday, August 26\r\n <\/div>\r\n
\r\nUsually, Monday is an ordinary trading day with low volatility, but after the Jackson Hole symposium, the week may start very actively. In the US session, be on the lookout for US durable goods orders data. It is a leading indicator of production \u2014 growth in purchase orders is usually accompanied by currency appreciation. It is a bank holiday in the United Kingdom on Monday.\r\n <\/div>\r\n \r\n