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You are here: Home > Blog > Forex Market Movers - Month of August

Forex Market Movers - Month of August

July 31, 2017

August is traditionally a volatile month for the currency and financial world in general and therefore the economic data that could represent a market mover must be kept under close observation.

The main central banks will be missing, but surprises will not fail thanks to the least liquidity on the market. Let's look at the main economic events in detail in each area.

United States

Without the Fed that is taking the usual summer break, investors attentions will be directed specifically towards manufacturing ISM, income and personal expense, all expected in the first part of August. Attention to the ISM services and factory orders (August 3rd), but above all the labour market data for August 4th at the same time as those of  the trade balance that could start showing some improvements concerning the Dollar's weakness. The central week of August will begin with production prices (10th) and above all inflation (11th), a real market mover of the future monetary policy and hence also for the dollar. Retail sales will be published on August 15th while on the 17th the focus will be on the Phily Fed, industrial production and leading indicator that can provide useful indications on the status of the manufacturing activity. In the last 10 days of August: publication of durable goods orders (25th) and consumer confidence (29th).

Euro Area

After the press conference of Draghi in the last ECB meeting, the Euro managed to return above the critical threshold of 1.16 on the expectations of a greater economic growth compared to the US by operators. It will be important to monitor this economic information because any disappointments could frustrate the EurUsd bullish. On August 3rd, the composite PMIs will be announced, on August 4th the German factory orders, August 11th for the French and German inflation data, August 14th for the industrial production in the Euro area, August 17th for the inflation of the entire Euro zone, August 22nd for the German Zew, August 25th for the German IFO.

UK

In a UK still wrapped up in the Brexit cloud, the month of August will begin with the very important meeting of the Bank of England, but there are no expectations of a move concerning interest rates. On August 10th we will get the industrial production data, the inflation on August 15th, unemployment on the 16th and retail sales on the 17th.

Japan & China

In Japan the main market movers will be the preliminary data on the second quarter of GDP on August 14th, industrial production the next day and inflation on August 25th. In China, attention to inflation data on August 9th, retail sales and industrial production on August 14th.

Rest of the world

As usual, here are the main monetary policy events of the rest of the world (G20 countries)

Australia: ad rates on August 1st

India: ad rates on August 2nd

Mexico: ad rates on August 10th

South Korea: ad rates on August 31st


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