Key Economic Calendar Events for This Week (August 5-9, 2024)

Key Economic Calendar Events for This Week (August 5-9, 2024)

Monday, August 5, 2024

Monetary Policy Meeting Minutes

• Time:07:50 GMT+8

• Currency:JPY

• Description:Provides insights into the Bank of Japan's monetary policy stance.

• Impact:Can influence JPY volatility.

• FX Pair:USD/JPY, EUR/JPY

S&P Global Services PMI (Jul)

• Time:21:45 GMT+8

• Currency:USD

• Description:Indicator of economic health in the services sector.

• Impact:A higher PMI suggests economic expansion, positive for USD.

• FX Pair:EUR/USD, USD/JPY

ISM Non-Manufacturing PMI (Jul)

• Time:22:00 GMT+8

• Currency:USD

• Description:Measures the activity level of purchasing managers in the services sector.

• Impact:A higher PMI indicates economic expansion, positive for USD.

• FX Pair:EUR/USD, USD/JPY

Tuesday, August 6, 2024

RBA Interest Rate Decision (Aug)

• Time:12:30 GMT+8

• Currency:AUD

• Description:Announcement of the Reserve Bank of Australia's interest rate decision.

• Impact:A rate hike can strengthen the AUD, while a cut can weaken it.

• FX Pair:AUD/USD, EUR/AUD

RBA Rate Statement

• Time:12:30 GMT+8

• Currency:AUD

• Description:Provides insights into the Reserve Bank of Australia's monetary policy.

• Impact:Can influence AUD volatility.

• FX Pair:AUD/USD, EUR/AUD

German Factory Orders (MoM) (Jun)

• Time:14:00 GMT+8

• Currency:EUR

• Description:Measures the change in the total value of new purchase orders placed with manufacturers.

• Impact:Higher factory orders indicate economic growth, positive for EUR.

• FX Pair:EUR/USD, EUR/GBP

Wednesday, August 7, 2024

German Industrial Production (MoM) (Jun)

• Time:14:00 GMT+8

• Currency:EUR

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

• Impact:Higher production levels indicate economic growth, positive for EUR.

• FX Pair:EUR/USD, EUR/GBP

Crude Oil Inventories

• Time:22:30 GMT+8

• Currency:USD

• Description:Measures the weekly change in the number of barrels of commercial crude oil held by US firms.

• Impact:A decrease in inventories can indicate increased demand, supporting oil prices and potentially strengthening the USD.

• FX Pair:USD/CAD, USD/NOK

Thursday, August 8, 2024

RBA Gov Bullock Speaks

• Time:10:40 GMT+8

• Currency:AUD

• Description:Speech by the Reserve Bank of Australia's Governor can provide insights into future monetary policy.

• Impact:Can influence AUD volatility.

• FX Pair:AUD/USD, EUR/AUD

Initial Jobless Claims

• Time:20:30 GMT+8

• Currency:USD

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

• Impact:Higher claims indicate a weakening labor market, negative for USD.

• FX Pair:EUR/USD, USD/JPY

Friday, August 9, 2024

CPI (YoY) (Jul)

• Time:09:30 GMT+8

• Currency:CNY

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

• Impact:Higher inflation rates may prompt changes in monetary policy, affecting the CNY.

• FX Pair:USD/CNY, EUR/CNY

Unemployment Rate (Jul)

• Time:20:30 GMT+8

• Currency:CAD

• Description:Measures the percentage of the total workforce that is unemployed and actively seeking employment.

• Impact:A lower rate is positive for the CAD as it indicates economic strength.

• FX Pair:USD/CAD, EUR/CAD