Key Economic Calendar Events for This Week
Abstract：This week's key economic events include China's loan prime rate, Indian Union Budget, German Ifo Business Climate Index, and U.S. GDP data, along with U.S. existing and new home sales. These events will significantly impact major currency pairs like EUR/USD, GBP/USD, and USD/JPY, influencing market volatility and trader sentiment based on economic health indicators and central bank policies.
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
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
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
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
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
Tuesday, July 23, 2024
Wednesday, July 24, 2024
Thursday, July 25, 2024
Friday, July 26, 2024
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