TC Economic Insight - The Week Ahead (July 31 - August 4)

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 July 31 - August 4 :

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:

Last Wednesday the U.S. Federal Reserve raised its key interest rates by 25 basis points to 5.25%-5.50%, the highest levels since 2001. Fed Chairman Jerome Powell said the central bank would decide to either increase or hold interest rates on a "meeting-by-meeting" basis depending on data.

And the Fed is focusing on labor data. 

According to Multi-Stock Trading LLC's "Economic Insight", the U.S. Official Jobs Report (July), to be released on Friday August 4, will show the addition of Non-Farm Payrolls slowed to 190,000 with the Unemployment Rate staying steady at 3.6%.

In the past 12 U.S. Official Jobs Reports, EUR/USD rose in 50% of times (6 out of 12 reports) within one hour from the report’s release, marking a trading range of 66.45 pips on average.

Other key economic data include:

Monday (July 31)

Japan Retail Sales (June) expected to grow 0.8% on month.

Japan Industrial Production (June) to be up 1.3% on month.

China Official Manufacturing PMI (July) anticipated to fall to 48.

Germany Retail Sales (June) expected to shrink 0.3% on month.

Eurozone Inflation rate (July) to cool down to 5.2% on year.

Eurozone 2Q GDP Growth Rate expected at 0.3% on quarter.

U.S. Chicago PMI (July) expected to rise to 43.0.

U.S. Dallas Fed Manufacturing Index (July) expected to improve to -18.0.

Tuesday (August 1)

Australia Central Bank is expected to raise key rate by 25 points to 4.35%.

Japan Unemployment Rate (June) to remain steady at 2.6%.

China Caixin Manufacturing PMI (July) may drop to 49.0.

Eurozone Unemployment rate (June) to rise to 6.6%

U.S. ISM Manufacturing PMI (July) expected to improve to 48.0.

Wednesday (August 2)

New Zealand Jobless Rate (2Q) to edge up to 3.5%.

U.S. ADP Private-Job Addition (July) expected to fall to 210,000.

Thursday (August 3)

Australia Trade Surplus (June) expected at A$11.80 billion.

China Caixin Services PMI (July) may fall to 52.0.

Eurozone Producer Prices (June) expected to fall 4.1% on year.

U.K. Central Bank expected to hike key rate by 25 points to 5.25%.

U.S. Initial Jobless Claims (July 29)  expected to rise to 225,000.

U.S. Factory Orders (June) to grow 0.1% on month.

U.S. ISM Services PMI (July) may dip to 52.0.

Friday (August 4)

Germany Factory Orders (June) expected to fall 2.6% on month

Eurozone Retail Sales (June) expected to rise 0.6% on month

U.S. Non-Farm Payroll Addition (July) expected to decline to 190,000.

U.S. Unemployment Rate (July) may stay steady at 3.6%.

Canada Full-time Employment Addition (July) to fall to 40,000.

 Happy Trading!

Source: Multi-Stock Trading LLC Economic Insight

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