What to expect next week 07.08 - 11.08

04.08.2017 / 23:04

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During the last week we witnessed big market movements, as the positivism from the corporate results helped Dow Jones Industrial Average to reach the record high of 22,000.

The USD continued to fall and reached the bottom of 1.19 against the EUR.

Investors were focused on the interest rate decisions in the UK and Australia, as both central banks kept the levels without a change. Today traders watched the NFP data in USA, and the better than expected results helped the USD to retain some of its losses. However, nevertheless the good news, the greenback remained in red territory against the major currencies.

During the new week market participants will watch with interest the Interest Rate Decision from Reserve Bank of New Zealand. The sentiment will remain strong in the USA, as investors forecast new highs from the indices amid the excellent corporate results.

The important economic news that will drive the markets during next week:
Monday:
01:00 New Zealand - Inflation expectations
09:00 Europe - German Industrial Production
10:30 UK - Halifax Home Price Index

Tuesday:
02:50 Japan - Current Accounts
04:30 Australia - NAB Business Confidence
09:00 Europe - German Trade Balance
17:00 USA - JOLT Job Openings

Wednesday:
04:30 Australia - Home Loans
04:30 China - CPI
17:30 Canada - Building Permits
17:30 USA - Crude Oil Inventories

Thursday:
00:00 New Zealand - RBNZ Interest Rate Decision
11:30 UK - Manufacturing Production
15:30 USA - PPI
21:00 USA - Federal Balance Budget

Friday:
15:30 USA - Core CPI

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What to expect next week 07.08 - 11.08

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