TC Economic Insight - The Week Ahead (August 7-11)

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 7-11:

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:

After U.S. data showed last Friday that the economy added 187,000 non-farm payrolls in July, which were fewer than expected, investors will focus on July inflation data to be released Thursday (August 10).

According to Multi-Stock Trading LLC's "Economic Insight", the U.S. Inflation Rate is expected to cool further to 2.8% on year in July.

In the past 12 U.S. Inflation Rate Reports, EUR/USD rose in 75% of times (9 out of 12 reports) within one hour from the report’s release, marking a trading range of 94.74 pips on average.

Other key economic data include:

Monday (August 7)

Germany Industrial Production (June) expected to drop 0.2% on month.

Tuesday (August 8)

Australia Westpac Consumer Confidence Index (August) expected to fall to 80.7.

China Exports (July) to fall 14.0% on year.

U.S. Trade Deficit (June) expected to narrow to $65.1 billion.

Canada Trade Surplus (June) to amount to C$220 million.

Wednesday (August 9)

China Inflation Rate (July) to fall to negative -0.3% on year. 

China Producer Prices (July) expected to drop 5.0% on year.

Canada Building Permits (June) expected to rise 2.3% on month.

Thursday (August 10)

Japan Producer Prices Index (July) is expected to slow to 3.9% on year.

U.S. Inflation Rate (July) expected to slow to 2.8% on year.

U.S. Initial Jobless Claims (August 5)  to rise to 229,000.

Friday (August 11)

U.K. GDP (2Q) to grow 0.1% on quarter.

U.K. Industrial Production (June) to rise 0.1% on month.

U.S. Producer-Price growth (July) to slow to 3.9% on year.

Happy Trading!

Source: Multi-Stock Trading LLC Economic Insight

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