High Volatility Economic Events for This Week (GMT+8)

Monday, July 15, 2024

• 10:00 CNY - GDP (QoQ) (Q2)

• Description: Measures the quarterly change in the inflation-adjusted value of all goods and services produced by the economy.

• Impact: Lower-than-expected growth indicates a slowdown in economic activity, bearish for CNY. High volatility expected as markets react to potential economic policy adjustments.

• 10:00 CNY - GDP (YoY) (Q2)

• Description: Measures the annual change in the inflation-adjusted value of all goods and services produced by the economy.

• Impact: Lower-than-expected annual growth raises concerns about economic momentum, bearish for CNY. Significant market movements anticipated.

• 10:00 CNY - Retail Sales (YoY) (Jun)

• Description: Measures the change in the total value of sales at the retail level.

• Impact: Lower-than-expected retail sales growth indicates weaker consumer spending, bearish for CNY. High volatility as this impacts economic growth expectations.

• 10:00 CNY - Industrial Production (YoY) (Jun)

• Description: Measures the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.

• Impact: Better-than-expected production growth is bullish for CNY, while lower-than-expected results would be bearish. High volatility due to its impact on overall economic health.

Tuesday, July 16, 2024

• 20:30 USD - Core Retail Sales (MoM) (Jun)

• Description: Measures the change in the total value of sales at the retail level, excluding automobiles.

• Impact: Higher-than-expected sales indicate strong consumer spending, bullish for USD. Lower-than-expected results are bearish. High volatility expected as it impacts economic outlook.

• 20:30 USD - Retail Sales (MoM) (Jun)

• Description: Measures the change in the total value of sales at the retail level.

• Impact: Similar to core retail sales, it directly impacts consumer spending and economic health, leading to significant market movements.

Wednesday, July 17, 2024

• 14:00 GBP - CPI (YoY) (Jun)

• Description: Measures the annual change in the price of goods and services from the consumer's perspective.

• Impact: Higher-than-expected inflation can lead to increased expectations for interest rate hikes, bullish for GBP. Lower-than-expected inflation is bearish. High volatility expected due to its impact on monetary policy.

• 14:00 GBP - Core CPI (YoY) (Jun)

• Description: Measures the annual change in the price of goods and services, excluding food, energy, alcohol, and tobacco.

• Impact: Similar to the overall CPI, it impacts monetary policy expectations and market sentiment, leading to high volatility.

• 17:00 EUR - CPI (YoY) (Jun)

• Description: Measures the annual change in the price of goods and services from the consumer's perspective in the Eurozone.

• Impact: Higher-than-expected inflation can lead to increased expectations for interest rate hikes, bullish for EUR. Lower-than-expected inflation is bearish. High volatility expected due to its impact on monetary policy.

Thursday, July 18, 2024

• 20:15 EUR - ECB Interest Rate Decision (Jul)

• Description: The European Central Bank's decision on where to set the benchmark interest rate.

• Impact: A rate hike strengthens EUR, while a rate cut weakens it. High volatility expected as it affects borrowing costs and economic growth.

• 20:30 USD - Initial Jobless Claims

• Description: Measures the number of individuals who filed for unemployment insurance for the first time during the past week.

• Impact: Higher-than-expected claims indicate a weakening labor market, bearish for USD. Lower-than-expected claims are bullish. High volatility as it impacts economic health perceptions.

• 20:30 USD - Philadelphia Fed Manufacturing Index (Jul)

• Description: Measures the level of general business conditions in the Philadelphia region.

• Impact: Higher-than-expected readings indicate improving economic conditions, bullish for USD. Lower readings are bearish. High volatility as it impacts economic sentiment.

• 20:45 EUR - ECB Press Conference

• Description: ECB President speaks about the reasons behind the ECB's latest interest rate decision and other policy measures.

• Impact: High volatility expected as the press conference can provide insights into future monetary policy and economic outlook, impacting the EUR.