5 events to keep track this week

During the current week, several market events will be dominated, such as the Fed's monetary policy meeting, the July report on jobs and Apple's revenue.

Markets will also watch Europe and widespread speculation that BoE will finally raise interest rates.

After hurrying to begin with a reduction in massive monetary incentives, BoJ will be in the focus of investors.

$ 16 billion Chinese goods tariffs are expected to be introduced on Wednesday, with China setting tariffs on the same amount of commodities in return.

FED
The Fed is not expected to take action on interest rates at the end of its two-day meeting on Wednesday, keeping it between 1.75% - 2%. The central bank will announce its statement after the meeting, as investors look for some clues as to whether interest rates will rise in September and December.

USA - Jobs
The consensus is that the data will show employment growth of 190,000 people after adding 213,000 positions in June, while the unemployment rate dropped from 4% to 3.9%. However, most of the focus will probably be on average hourly earnings data, which is expected to increase by 0.3%, which is faster than the 0.2% month-on-month increase. On an annual basis salaries are expected to increase by 2.8%, the same as reported in June.

Apple's revenue
Apple will receive the most attention on Tuesday when it will report revenue for the second quarter. The Iphone promoter follows a string of technological gains that are largely positive, with the apparent exceptions of Netflix, Facebook and Twitter, who have suffered massive sales after disappointing predictions.

BoE
BoE will announce its decision on interest rates on Thursday. If all goes according to a scenario, the British Central Bank will raise the lows to 0.75%.
In addition to BoE, traders will focus on a trio of activity reports in the manufacturing, construction and services sectors.

BoJ
BoJ is expected to prepare the markets for some changes in its extremely loose monetary policy after its two-day meeting on Tuesday. Reports from last week showed that BoJ is considering adjusting the massive stimulus program to make it more sustainable by allowing for greater changes in interest rates and expanding the stock selection.

Source: Investing

Read more:

• USA ADP Nonfarm Employment Change: 202K vs 160K
• Iran response was ‘too fast and too furious’ on the U.S. airstrike
• USA – ISM Non-manufacturing PMI: 55.0 vs 54.5
• Top 5 things to watch on Tuesday
• Noise: How to Overcome the High, Hidden Cost of Inconsistent Decision Making