20th August 2018 - 24th August 2018
• FOMC Member Raphael Bostic speech The week will start with mid-tier economic data from the US. Tuesday there is major data from AUSTRALIA The minutes of the Reserve Bank of Australia meetings are published two weeks after the interest rate decision. Generally speaking, if the RBA is hawkish about the inflationary outlook for the economy, then the markets see a higher possibility of a rate increase, and that is positive for the AUD. On Wednesday, retail sales from Canada will be released that shows all goods sold by retailers based on a sampling of retail stores of different types and sizes. The retail sales index is often taken as an indicator of consumer confidence. It shows the performance of the retail sector in the short term. Generally speaking, the positive economic growth anticipates bullish movements for the CAD. From US, the Federal Reserve decided to leave interest rates unchanged in its latest meeting but remained optimistic about the economy and left the door wide open for a rate hike in September. There has been no reference to trade in the statement. In the past meeting minutes, the FOMC did express concern about international commerce in its minutes. Markets will be on watch to hear if anything can slow the Fed down. In addition, comments about inflation and the recent strong GDP growth figures will be watched. Thursday will be an important day for the currency market as many major economic events are happening. ECB Monetary Policy Meeting Accounts contain an overview of financial market, economic and monetary developments. It's followed by a summary of the discussion, in an unattributed form, on the economic and monetary analyses and on the monetary policy stance. The US Census Bureau which measures consumer spending on long-term purchases will release the durable goods orders which would highlight the products that are expected to last more than three years. Durable goods are generally sensitive to economic fluctuations, because durable products usually involve large investments. On the week closing, major data are coming from US. IN US the Federal Reserve bank of Kansas will have the USD Jackson Hole Symposium meeting. The event calls upon important central bankers and finance ministers, market analysts, and academics from all around the world, to discuss long-term trends and develop long-term outlooks on emerging future concerns. Monday
Tuesday
Wednesday
Thursday
Friday
