TC Economic Insight - The Week Ahead (August 21-25)

Using Multi-Stock Trading LLC's "Economic Insight" investors can check out up-coming major economic data.

On the left side of the page, we can choose trading week of August 21-25 and filter by data importance as well as countries:

The major focus for the week will be the U.S. Durable Goods Orders for July, lets take a look at what Economic Insight provides:

According to Multi-Stock Trading LLC's "Economic Insight", the U.S. Durable Goods Orders are expected to grow 0.5% on month in July. By clicking on the little icons on the right, investors can find out:

"Volatility" shows that in the past 12 U.S. Durable Goods Orders releases, EUR/USD moved in an average range of 37.55 pips within one hour from the data release.

"Impact" shows that last time (i.e. when Durable Goods Orders for June released on July 27) how EUR/USD reacted to the data release on an intraday chart.

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Key economic data for the week:

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Monday (August 21)

- Germany's Producer Prices Index (July) is expected to drop 4.4% on year.

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Tuesday (August 22)

- U.S. Existing Home Sales (July) are anticipated to fall 0.5% on month.

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Wednesday (August 23)

- New Zealand's (2Q) Retail Sales are expected to drop 0.9% on year.

- Eurozone's HCOB Manufacturing Purchasing Managers Index (August) is estimated at 42.4 and Services Purchasing Managers Index (August) is expected at 50.4.

- U.K. S&P Global Manufacturing Purchasing Managers Index (August) is expected at 46.2 and Services Purchasing Managers Index (August) will also be released.

- U.S. S&P Global Manufacturing Purchasing Managers Index (August) and Services Purchasing Managers Index (August) are both expected at 52.0.

- Canada's (June) Retail Sales are anticipated to be down 0.1% on month.

- U.S. New Home Sales (July) are expected to decline 1.6% on month.

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Thursday (August 24)

- U.S. Durable Goods Orders (July) are anticipated to grow 0.5% on month and and weekly Initial Jobless claims are expected at 242,000.

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Friday (August 25)

- Germany's Ifo Business Climate Index (August) is estimated to fall to 86.9.

- U.S. Federal Reserve chairman Jerome Powell will deliver a speech at the Jackson Hole Symposium.

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Source: Multi-Stock Trading LLC Economic Insight