The week ahead: Dollar down, busy week
InvestingOnline.com
27/08/2018, 15:53The USD dollar is opening the week with losses as investors are cheering news on a possible NAFTA agreement and remarks from Federal Reserve officials reaffirming the hike rate path. Risk appetite is back in the market and dollar’s rivals are enjoying it.
The EUR/USD is trading higher following a quiet morning in America, a rallying stocks market and a better than expected German IFO business climate report. The pair looks ready to test the 1.1700 level.
On the fundamental arena, the economic calendar looks busy for the current week. Consumer confidence reports across the world will be published, also unemployment rates and GDP in different countries.
The United States will publish GDP on Wednesday, personal money outlays on Thursday, and consumer confidence on Friday. These three events could provide the market with extra volatility.
Europe will also face critical indicators with market extra checking for local numbers like unemployment rate, GDP, or consumer price indexes in Italy, France or Germany.
Check the most important economic releases this week:
Tuesday, August 28
- United States: Goods Trade Balance
- United States: Consumer Confidence
- United States: S&P Case-Shiller Home Price Index
- United States: Richmond Manufacturing Index
Wednesday, August 29
- Japan: Consumer Confidence
- Germany: Gfk Consumer Confidence
- United States: Gross Domestic Product
- United States: Pending Home Sales
- New Zealand: Building Permits
- Japan: Retail Trade
- Japan: Foreign investment
Thursday, August 30
- Switzerland: KOF Leading Indicator
- Germany: Unemployment Rate
- United Kingdom: Mortgage Approvals
- Eurozone: Consumer Confidence
- Eurozone: Business Climate
- Germany: Consumer Price Index
- United States: Personal Spending and Income
- United States: Jobless Claims
- Canada: Gross Domestic Product
- United Kingdom: Gfk Consumer Confidence
- Japan: Tokyo Consumer Price Index
- Japan: Unemployment Rate
Friday, August 31
- China: NBS Manufacturing PMI
- Germany: Retail Sales
- France: Consumer Price Index
- Italy: Unemployment Rate
- Italy: Gross Domestic Product
- Eurozone: Unemployment Rate
- Eurozone: Consumer Price Index
- United States: Chicago Purchasing Managers’ Index
- United States: Michigan Consumer Sentiment
