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Investors will follow closely Japan’s inflation data going forward in order to gauge the BOJ’s next move.
Using Multi-Stock Trading LLC's "Economic Insight" investors can check out up-coming major economic data.
We are looking into the trading week of August 14-18:
We can select economic data of "High", "Medium" or "Low" importance, or any combination of such filters:
We can select which economies to focus on:
Two weeks ago the Bank of Japan (BOJ) surprised global markets by tweaking its monetary policy, allowing the 10-year Japanese Government Bond (JGB) yield to rise to 1.0%, compared to 0.5% previously.
Investors will therefore follow closely Japan’s inflation data going forward in order to gauge the BOJ’s next move.
According to Multi-Stock Trading LLC's "Economic Insight", Japan’s Inflation Rate (to be release on Friday, August 18) is expected to rise to 3.4% on year in July.
In the past 12 Japan Inflation Rate Reports, USD/JPY rose in 58% of times (7 out of 12 reports) within one hour from the report’s release, marking a trading range of 27.02 pips on average.
Other key economic data include:
Monday (August 14)
Germany Industrial Production (June) expected to drop 0.2% on month.
Tuesday (August 15)
Japan GDP (2Q) expected to grow annualized 3.2% on quarter.
China Industrial Production (July) expected to grow 4.7% on year.
China Retail Sales (July) to increase 3.6% on year.
UK Jobless Rate (June) expected unchanged at 4%.
Germany ZEW Economic Sentiment Index (August) to drop to -16
U.S. Retail Sales (July) expected to grow 0.3% on month.
U.S. New York State Manufacturing Index (August) to rise to 4.0.
Canada Inflation Rate (July) expected to stay at 2.8% on year.
Wednesday (August 16)
New Zealand Central Bank expected to keep its key rate steady at 5.50%.
Eurozone Industrial Production (June) expected to shrink 0.6% on month.
U.S. Housing Starts (July) expected to increase 1.7% on month.
U.S. Industrial Production (July) to grow 0.2% on month.
U.S. Fed to release latest Policy Meeting Minutes.
Thursday (August 17)
Japan Machinery Orders (June) expected to grow 0.3% on month.
Japan Exports (July) to be up 0.3% on year.
Australia Jobless Rate expected to be stable at 3.5%.
U.S. Philadelphia Fed Manufacturing Index (August) to improve to -8.0.
U.S. Initial Jobless Claims (August 12) to decline to 241,000.
U.S. Conference Board Leading Index (July) expected to drop 0.4% on month.
Friday (August 18)
Japan Inflation Rate (July) expected to edge up to 3.4% on year.
U.K. Retail Sales (July) to rise 0.3% on month.
Canada Producer Prices (July) expected to fall 3.1% on month.
Happy Trading!
Source: Multi-Stock Trading LLC Economic Insight