This week, major news from the U.S, China, the UK, Canada, Australia, and New Zealand will be at the center of market movements.
The U.S.
The Retail Sales (m/m) is scheduled to be released by the Census Bureau on Tuesday, August 15, 2023 at 4:30 PM, GMT+4. The market forecasts an increase of 0.4%, surpassing the previous figure of 0.2%.
On Tuesday, August 15 2023, the Empire State Manufacturing Index is set to be released by the Federal Reserve Bank of New York at 4:30 PM, GMT+4. The market anticipates a decline of -0.3 from a previous figure of 1.1.
The FOMC Meeting Minutes is scheduled on Wednesday, August 16 2023, at 10:00 AM, GMT+4, expected to provide further insights into the Fed’s upcoming monetary decisions.
China
Retail Sales (y/y) and the unemployment rate are scheduled to be released by the National Bureau of Statistics of China on Tuesday, August 15, 2023 at 6:00 AM, GMT+4. The market expects an increase of 4.2%, exceeding the previous figure of 3.1%.
The UK
On Wednesday, August 16, 2023 at 10:00 AM GMT+4, the Consumer Price Index (CPI) y/y is set to be released by the Office for National Statistics. The market forecasts a drop of 6.8% compared to the previous figure of 7.9%.
The Office for National Statistics is also scheduled to release Retail Sales (m/m) on Friday, August 18, 2023 at 10:00 AM, GMT+4. The market anticipates a decline from -0.4% from a previous figure of 0.7%.
Canada
On Tuesday, August 15, 2023, Consumer Price Index (CPI) m/m data is set to be released by Statistics Canada at 4:30 PM, GMT+4. The market expects a rise from a previous of 0.1% to a forecast of 0.3%.
Australia
The Australian Bureau of Statistics is set to release the Unemployment Rate on Thursday, August 17, 2023, at 5:30 AM, GMT+4. The market anticipates an increase of 3.6%, surpassing the previous figure of 3.5%.
New Zealand
The Official Cash Rate is scheduled to be released by the Reserve Bank of New Zealand on Wednesday, August 16, 2023 at 6:00 AM, GMT+4. The market forecast the rate to remain as is at 5.50%.
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