Aviso de Risco: Os CFD são instrumentos complexos e apresentam um elevado risco de perda rápida de dinheiro devido ao efeito de alavancagem. 88.11% das contas de investidores de retalho perdem dinheiro quando negoceiam CFD com este fornecedor. Deve considerar se compreende como funcionam os CFD e se pode correr o elevado risco de perda do seu dinheiro.

88.11% das contas de CFD de retalho perdem dinheiro.

Aviso de Risco: Os CFD são instrumentos complexos e apresentam um elevado risco de perda rápida de dinheiro devido ao efeito de alavancagem. 88.11% das contas de investidores de retalho perdem dinheiro quando negoceiam CFD com este fornecedor. Deve considerar se compreende como funcionam os CFD e se pode correr o elevado risco de perda do seu dinheiro.

Week’s main events (July 21 – 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’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.

Monday, July 21
On Monday, the spotlight will be on New Zealand’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’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.
Main events of the day:
  • – New Zealand Consumer Price Index (q/q) at 01:45 (GMT+3);
  • – China PBoC Loan Prime Rate at 04:00 (GMT+3);
  • – Canada BOC Business Outlook Survey (m/m) at 17:30 (GMT+3).
Tuesday, July 22
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’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.
Main events of the day:
  • – Australia Monetary Policy Meeting Minutes at 04:30 (GMT+3);
  • – UK BoE Gov Bailey Speaks at 12:15 (GMT+3);
  • – US Fed Chair Powell Speaks at 15:30 (GMT+3);
  • – US Richmond Manufacturing Index (m/m) at 17:00 (GMT+3).
Wednesday, July 23
Wednesday’s 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’s (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.
Main events of the day:
  • – Singapore Inflation Rate (m/m) at 08:00 (GMT+3);
  • – US Existing Home Sales (m/m) at 17:00 (GMT+3);
  • – US Crude Oil Reserves (w/w) at 17:30 (GMT+3).
Thursday, July 24
The day will be dominated by preliminary PMI releases across major economies and the European Central Bank’s monetary policy decision — a key event for eurozone assets. The Purchasing Managers’ 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’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.
Main events of the day:
  • – Australia Manufacturing PMI (m/m) at 02:00 (GMT+3);
  • – Australia Services PMI (m/m) at 02:00 (GMT+3);;
  • – Japan Manufacturing PMI (m/m) at 03:30 (GMT+3);
  • – Japan Services PMI (m/m) at 03:30 (GMT+3);
  • – Germany GfK Consumer Confidence (m/m) at 09:00 (GMT+3);
  • – Germany Manufacturing PMI (m/m) at 10:30 (GMT+3);
  • – Germany Services PMI (m/m) at 10:30 (GMT+3);
  • – Eurozone Manufacturing PMI (m/m) at 11:00 (GMT+3);
  • – Eurozone Services PMI (m/m) at 11:00 (GMT+3);
  • – UK Manufacturing PMI (m/m) at 11:30 (GMT+3);
  • – UK Services PMI (m/m) at 11:30 (GMT+3);
  • – Eurozone ECB Interest Rate Decision at 15:15 (GMT+3);
  • – Eurozone ECB Monetary Policy Statement at 15:15 (GMT+3);
  • – Canada Retail Sales (m/m) at 15:30 (GMT+3);
  • – US Initial Jobless Claims (w/w) at 15:30 (GMT+3);
  • – Eurozone ECB Press Conference at 15:45 (GMT+3);
  • – US Manufacturing PMI (m/m) at 16:45 (GMT+3);
  • – US Services PMI (m/m) at 16:45 (GMT+3);
  • – US New Home Sales (m/m) at 17:00 (GMT+3);
  • – US Natural Gas Storage (w/w) at 17:30 (GMT+3).
Friday, July 25
There’s not much news on Friday, but it’s worth investors’ 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.
Main events of the day:
  • – Japan Tokyo Core CPI (m/m) at 02:30 (GMT+3);
  • – UK Retail Sales (m/m) at 09:00 (GMT+3);/li>
  • – German Ifo Business Climate (m/m) at 11:00 (GMT+3);
  • – US Core Durable Goods Orders (m/m) at 15:30 (GMT+3).

by JustMarkets, 2025.07.21

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