Key Economic Calendar Events for This Week

Key Economic Calendar Events for This Week

Monday, July 29, 2024

German Retail Sales (MoM) (May)

• Time:14:00 GMT+8

• Description:Measures the monthly change in the value of sales at the retail level in Germany.

• Impact:An increase indicates stronger consumer spending, which can positively influence the economy.

• FX Pair:EUR/USD, EUR/GBP

German Retail Sales (YoY) (May)

• Time:14:00 GMT+8

• Description:Measures the annual change in the value of sales at the retail level in Germany.

• Impact:A higher-than-expected reading can be positive for the euro.

• FX Pair:EUR/USD, EUR/GBP

M3 Money Supply (YoY) (Jun)

• Time:14:00 GMT+8

• Currency:ZAR

• Description:Indicates the total amount of domestic currency in circulation and deposited in banks.

• Impact:Increased money supply can lead to inflationary pressure, influencing monetary policy.

• FX Pair:USD/ZAR, EUR/ZAR

Private Sector Credit (Jun)

• Time:14:00 GMT+8

• Currency:ZAR

• Description:Measures the change in the total value of new credit issued to consumers and businesses.

• Impact:Higher credit levels can indicate increased consumer spending and economic activity.

• FX Pair:USD/ZAR, EUR/ZAR

Retail Sales (YoY) (Jun)

• Time:14:00 GMT+8

• Currency:CHF

• Description:Measures the annual change in the value of sales at the retail level in Switzerland.

• Impact:Higher sales are positive for the CHF as they indicate economic strength.

• FX Pair:USD/CHF, EUR/CHF

Italian Trade Balance Non-EU (Jun)

• Time:16:00 GMT+8

• Currency:EUR

• Description:Measures the difference in value between imported and exported goods in Italy, excluding the EU.

• Impact:A surplus indicates a higher demand for exports, positively affecting the EUR.

• FX Pair:EUR/USD, EUR/GBP

BoE Consumer Credit (Jun)

• Time:16:30 GMT+8

• Currency:GBP

• Description:Measures the change in the total value of outstanding consumer credit.

• Impact:Higher credit levels can indicate increased consumer spending.

• FX Pair:GBP/USD, EUR/GBP

Net Lending to Individuals (Jun)

• Time:16:30 GMT+8

• Currency:GBP

• Description:Measures the total value of new credit issued to consumers.

• Impact:Increased lending indicates economic confidence.

• FX Pair:GBP/USD, EUR/GBP

Tuesday, July 30, 2024

Jobs/Applications Ratio (Jun)

• Time:07:30 GMT+8

• Currency:JPY

• Description:Measures the ratio of job openings to job applicants.

• Impact:A higher ratio indicates a tight labor market, potentially leading to wage increases.

• FX Pair:USD/JPY, EUR/JPY

Unemployment Rate (Jun)

• Time:07:30 GMT+8

• Currency:JPY

• Description:Measures the percentage of the total workforce that is unemployed and actively seeking employment.

• Impact:A lower rate is positive for the JPY as it indicates economic strength.

• FX Pair:USD/JPY, EUR/JPY

Building Approvals (YoY) (Jun)

• Time:09:30 GMT+8

• Currency:AUD

• Description:Measures the annual change in the number of new building approvals issued.

• Impact:Higher approvals indicate growth in the construction sector, positively impacting the AUD.

• FX Pair:USD/AUD, EUR/AUD

Retail Sales (QoQ) (Q2)

• Time:09:30 GMT+8

• Currency:AUD

• Description:Measures the quarterly change in the value of sales at the retail level.

• Impact:Higher sales indicate stronger consumer spending and economic growth.

• FX Pair:USD/AUD, EUR/AUD

French Consumer Spending (MoM) (Jun)

• Time:13:30 GMT+8

• Currency:EUR

• Description:Measures the monthly change in the amount of money spent by consumers.

• Impact:Increased spending indicates economic confidence.

• FX Pair:EUR/USD, EUR/GBP

Wednesday, July 31, 2024

Industrial Production (YoY) (Jun)

• Time:07:00 GMT+8

• Currency:KRW

• Description:Measures the annual change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.

• Impact:Higher production levels indicate economic growth.

• FX Pair:USD/KRW, EUR/KRW

Retail Sales (MoM) (Jun)

• Time:07:00 GMT+8

• Currency:KRW

• Description:Measures the monthly change in the value of sales at the retail level.

• Impact:Higher sales indicate stronger consumer spending.

• FX Pair:USD/KRW, EUR/KRW

CPI (YoY) (Q2)

• Time:09:30 GMT+8

• Currency:AUD

• Description:Measures the annual change in the price of goods and services from the consumer's perspective.

• Impact:Higher inflation rates may prompt changes in monetary policy.

• FX Pair:USD/AUD, EUR/AUD

Non-Manufacturing PMI (Jul)

• Time:09:30 GMT+8

• Currency:CNY

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

• Impact:A higher PMI indicates economic expansion.

• FX Pair:USD/CNY, EUR/CNY

Thursday, August 1, 2024

Fed Interest Rate Decision

• Time:02:00 GMT+8

• Currency:USD

• Description:The Federal Reserve's decision on where to set the benchmark interest rate.

• Impact:Rate changes can influence the USD's value and borrowing costs.

• FX Pair:USD/JPY, EUR/USD

FOMC Press Conference

• Time:02:30 GMT+8

• Currency:USD

• Description:The Federal Reserve's press conference following the interest rate decision.

• Impact:Provides insights into the future path of monetary policy.

• FX Pair:USD/JPY, EUR/USD

HSBC India Manufacturing PMI (Jul)

• Time:13:00 GMT+8

• Currency:INR

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

• Impact:A higher PMI indicates economic expansion.

• FX Pair:USD/INR, EUR/INR

BoE Interest Rate Decision (Aug)

• Time:19:00 GMT+8

• Currency:GBP

• Description:The Bank of England's decision on where to set the benchmark interest rate.

• Impact:Rate changes can influence the GBP's value and borrowing costs.

• FX Pair:GBP/USD, EUR/GBP

Friday, August 2, 2024

Nonfarm Payrolls (Jul)

• Time:20:30 GMT+8

• Currency:USD

• Description:Measures the change in the number of people employed during the previous month, excluding the farming industry.

• Impact:A higher number indicates economic growth and can influence monetary policy.

• FX Pair:USD/JPY, EUR/USD

Unemployment Rate (Jul)

• Time:20:30 GMT+8

• Currency:USD

• Description:Measures the percentage of the total workforce that is unemployed and actively seeking employment.

• Impact:A lower rate is positive for the USD as it indicates economic strength.

• FX Pair:USD/JPY, EUR/USD

Average Hourly Earnings (YoY) (Jul)

• Time:20:30 GMT+8

• Currency:USD

• Description:Measures the annual change in earnings.

• Impact:Higher earnings can lead to increased consumer spending.

• FX Pair:USD/JPY, EUR/USD

ISM Manufacturing PMI (Jul)

• Time:22:00 GMT+8

• Currency:USD

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

• Impact:A higher PMI indicates economic expansion.

• FX Pair:USD/JPY, EUR/USD