With the month of July ending today, next week will start the new trading week for August. Still a summer month, trading may be impacted by vacation/holidays. Nevertheless there is enough data events scheduled including key jobs reports that of Canada and US, and interest rate decisions by the Reserve Bank of Australia and the Bank of England.
Below is a list of the major releases and events:
Monday, August 1
- US ISM manufacturing PMI. 10 AM ET. The estimate is 52.3 vs. 53.0 last month
Tuesday, August 2
- Reserve Bank of Australia interest rate decision. 12:30 AM ET. Expectations is for a hike of 50 basis points to 1.85% from 1.35%
- JOLTs job openings, 10 AM ET, estimate 10.99 million vs. 11.25 million last month
Wednesday, August 3
- Spain’s services PMI. 3:15 AM. Estimate 52.0 vs. 54.0 last month
- New Zealand employment change for the quarter. 6:45 PM on Tuesday in the US. Estimate 0.5% vs. 0.1% last quarter
- Swiss CPI month-to-month. 2:30 AM ET. Estimate -0.1% vs. 0.5% last month
- ISM services PMI. 10 AM ET. Estimate 53.9 vs. 55.3 last month
Thursday, August 4
- Bank of England interest rate decision. 7 AM ET. Estimate expectations are for a 50 basis point hike to 1.75% from 1.25%
- Bank of England Gov. Bailey press conference. 7:30 AM ET
- Fed’s Mester speaks. 12 ET PM
Friday, August 5
- Reserve Bank of Australia Monetary policy statement. 9:30 PM ET (Thursday)
- Canada employment change, 8:30 AM ET. Estimate 18.2K vs. -43.2K last month. Unemployment rate 5.0% vs. 4.9% last month.
- US nonfarm payroll change. 8:30 AM ET. Estimate 250K vs 372K last month. Unemployment rate 3.6% vs. 3.6% last month. Average hourly earnings 0.3% vs. 0.3% last month
This article was originally published by Forexlive.com. Read the original article here.