Key Economic Calendar Events for This Week

Key Economic Calendar Events for This Week

Monday, July 22, 2024

• China Loan Prime Rate 5Y (Jul)

• Time:09:15 GMT+8

• Description:This is the interest rate Chinese banks charge their most creditworthy clients for loans.

• Impact:Any change here can influence borrowing costs and overall economic activity in China.

• FX Pair:USD/CNY, EUR/CNY

• PBoC Loan Prime Rate (Jul)

• Time:09:15 GMT+8

• Description:This rate is what major financial institutions use when lending to their top customers.

• Impact:Adjustments signal the central bank's stance on monetary policy.

• FX Pair:USD/CNY, EUR/CNY

Tuesday, July 23, 2024

• SGD Core CPI (YoY) (Jun)

• Time:13:00 GMT+8

• Description:This measures the yearly change in the cost of goods and services, excluding food and energy.

• Impact:Rising CPI indicates inflation, potentially affecting monetary policy.

• FX Pair:USD/SGD, EUR/SGD

• Indian Union Budget

• Time:14:00 GMT+8

• Description:Presentation of India's annual budget, detailing revenue and expenditure.

• Impact:Can significantly impact market sentiment and economic expectations.

• FX Pair:USD/INR, EUR/INR

Wednesday, July 24, 2024

• GfK German Consumer Climate (Aug)

• Time:14:00 GMT+8

• Description:A leading indicator of consumer confidence in Germany.

• Impact:Higher readings suggest increased consumer spending, positive for the economy.

• FX Pair:EUR/USD, EUR/GBP

• ECB's De Guindos Speaks

• Time:14:45 GMT+8

• Description:Speech by ECB Vice-President Luis de Guindos.

• Impact:Provides insights into future ECB monetary policy and economic outlook.

• FX Pair:EUR/USD, EUR/GBP

• S&P Global US Manufacturing PMI (Jul)

• Time:21:45 GMT+8

• Description:Measures the activity level of purchasing managers in the manufacturing sector.

• Impact:Higher PMI readings indicate sector expansion, positive for the economy.

• FX Pair:USD/JPY, EUR/USD

• BoC Interest Rate Decision

• Time:21:45 GMT+8

• Description:The Bank of Canada's decision on setting the benchmark interest rate.

• Impact:Rate changes affect borrowing costs and economic activity.

• FX Pair:USD/CAD, EUR/CAD

• US Existing Home Sales (Jun)

• Time:22:00 GMT+8

• Description:Measures the annualized number of existing residential buildings sold in the previous month.

• Impact:Higher sales indicate a strong housing market, positive for the USD.

• FX Pair:EUR/USD, GBP/USD, USD/JPY

Thursday, July 25, 2024

• German Ifo Business Climate Index (Jul)

• Time:16:00 GMT+8

• Description:Assesses the current German business climate and measures expectations for the next six months.

• Impact:Higher readings indicate a positive business outlook and economic growth.

• FX Pair:EUR/USD, EUR/GBP

• USD GDP (QoQ) (Q2)

• Time:20:30 GMT+8

• Description:Measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy.

• Impact:Higher GDP growth is a positive indicator of economic health.

• FX Pair:EUR/USD, GBP/USD, USD/JPY

• US New Home Sales (Jun)

• Time:22:00 GMT+8

• Description:Measures the annualized number of new single-family homes sold in the previous month.

• Impact:Higher sales indicate a strong housing market, positive for the USD.

• FX Pair:EUR/USD, GBP/USD, USD/JPY

Friday, July 26, 2024

• Core PCE Price Index (MoM) (Jun)

• Time:20:30 GMT+8

• Description:Measures the changes in the price of goods and services purchased by consumers, excluding food and energy.

• Impact:A key inflation gauge for the Federal Reserve. Higher readings can lead to expectations of tighter monetary policy.

• FX Pair:EUR/USD, GBP/USD, USD/JPY