{"id":9077,"date":"2024-07-29T06:10:00","date_gmt":"2024-07-29T06:10:00","guid":{"rendered":"https:\/\/justmarkets.eu\/?p=9077"},"modified":"2024-07-29T06:10:02","modified_gmt":"2024-07-29T06:10:02","slug":"weekly-overview-2024-07-29","status":"publish","type":"post","link":"https:\/\/justmarkets.eu\/ro\/analytics\/weekly-overview-2024-07-29\/","title":{"rendered":"Week’s main events (July 29 \u2013 August 02)"},"content":{"rendered":"\r\n
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Week’s main events (July 29 \u2013 August 02)<\/h1>\r\n
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\r\nThis week will be a busy week for the markets. This week’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 the United States, the United Kingdom, and Japan. There is an 88% probability that the US Fed will leave rates unchanged this week. Wednesday’s Fed statement will put the Nonfarm payrolls report under increased scrutiny. Economists expect the US economy added 177,000 jobs in July, down from 206,000 the previous month. The odds on a Bank of England rate cut have not changed significantly: the probability of an August rate cut remains at 40%. As for the Bank of Japan \u2014 swaps estimate the odds of a 10 bps rate hike from the BOJ at 68% for the July 31 meeting. Australia, Switzerland, and the Eurozone will have updated inflation data. A widespread reduction in price pressures is forecast. Earnings data from major technology companies are expected to be released in the coming days, and any disappointments could further upset the markets. Companies such as Microsoft (MSFT), Meta (META), Apple (AAPL), and Amazon (AMZN) will be reported.\r\n\r\n <\/p>\r\n\r\n\r\n

\r\n Monday, July 29\r\n <\/div>\r\n
\r\nNo important news is expected on Monday, so volatility will be weak.\r\n <\/div>\r\n \r\n\r\n \r\n
\r\n Tuesday, July 30\r\n <\/div>\r\n
\r\nOn Tuesday, traders should pay attention to JOLTs US labor market report. A decrease in open vacancies is expected, which may negatively affect Friday’s main report. Also, Germany’s inflation and GDP report will be released on Tuesday. Inflation data is expected to be unchanged, while GDP may show a negative trend.\r\n <\/div>\r\n\r\n
\r\n Main events of the day:\r\n <\/div>\r\n\r\n