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Hello everyone, today XM Forex will bring you "[XM official website]: Federal Reserve meeting, Trump's trade deadline and non-farm employment". Hope it will be helpful to you! The original content is as follows:
While U.S. yields regain the upward bias with good progress in the trade outlook, the U.S. dollar index (DXY) has not reversed the strong decline in the first half of the week. The Dallas Fed Manufacturing Index will be released on July 28. The results of advanced vejck.cnmodity trade balance will be announced on July 29, followed by wholesale inventory, FHFA house price index, JOLTs job vacancies, conference vejck.cnmittee consumer confidence index, Dallas Fed service industry index and U.S. crude oil inventories API weekly report. The ADP Employment Change Report is scheduled to be released on July 30, and will also correct the second-quarter GDP growth rate, home sales for sale, the usual weekly MBA mortgage applications and the EIA's U.S. crude oil inventories weekly report. The number of weekly initial jobless claims will be released on July 31, followed by Challenger layoffs, Chicago PMI, personal income, personal spending and inflation data tracked by PCE. The number of non-farm employment, unemployment, ultimate S&P global manufacturing PMI, ISM manufacturing PMI, construction spending and ultimate University of Michigan Consumer Confidence Index will end this week's schedule on August 1.
Euro/USD managed to regain some gains on the weekly chart, approaching the 1.1800 mark despite new downward pressure in the second half of the week. The ECB's consumer inflation expectations will be released on July 29. Germany's retail sales and preliminary second-quarter GDP growth rate will be announced on July 30, followed by preliminary second-quarter GDP growth, economic confidence, consumer inflation expectations and final consumer confidence data for the euro zone. The German labor market report is scheduled to be released on July 31, followed by advanced inflation and unemployment in the euro zone. The final HCOB manufacturing PMI pre-pre-HCOB manufacturing in Germany and the euro zoneThe plan will be released on August 1, followed by advanced inflation rates in the euro zone.
In fairly volatile trading, GBP/USD ended with a slightly higher low of 1.3400s, although this is enough to reverse the three-week pullback. CBI distribution trade data will be released on July 28. On July 29, the Bank of England will release its M4 money supply data, consumer credit and personal vejck.cn borrowing, followed by mortgage approval and mortgage lending. National housing prices are expected to be released on August 1, followed by the final S&P Global Manufacturing PMI.
The US dollar/JPY ended with a slight decline, approaching the 148.00 mark, with two consecutive declines. Preliminary industrial production data will be released on July 31, when retail sales, weekly foreign debt investment data, consumer confidence, housing start and construction orders will also be released. The unemployment rate and the final S&P Global Manufacturing PMI are expected to be released on August 1.
After a very positive week, the AUD/USD rose to a multi-month high above 0.6600, although it has since fallen a little later. Inflation rate and monthly CPI indicators will be released on July 30. Retail sales will be released on July 31, followed by construction permits, private housing approvals, import and export prices and private sector credit data. Finally, S&P Global Manufacturing PMI, producer prices and vejck.cnmodity prices will end this week's schedule on August 1.
Expected economic outlook: Voice of the future
Houser of the Reserve Bank of Australia will speak on July 31.
Central Bank: The upcoming meeting will shape monetary policy
The Bank of Canada will hold a meeting on July 30 (currently 2.75% vs. expected 2.75%), followed by the Federal Reserve (currently 4.25%-4.50% vs. expected 4.25%-4.50%).
The Bank of Japan will determine interest rates on July 31 (currently 0.50% vs. expected 0.50%), followed by the Reserve Bank of South Africa (currently 7.25% vs. expected 7.25%).
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