Here is what you need to know about the important news between August 8th, 2022, and August 13th, 2022, where we look at the economic data, market news and headlines likely to have the biggest impact on the market prices this week and beyond, as well as the US Dollar, and other key correlated assets.
U.S. dollar index
The US Dollar index traded close to 107 on Friday after the release of the Non-Farm Payrolls which showed positive data for the greenback. The focus for this week, is shifter to the inflation data which is expected to be out on Wednesday
Gold
The precious metal closed its 3 consecutive positive weeks, trying to recover from the yearly low at $1680 that we saw in July. Inflation data on Wednesday is in focus this week, to see if the greenback will recover against the precious metal, or investors will turn once again to the “Safe heaven” metal.
Oil
Price of the “liquid gold”, closed the day higher on Friday after the release of the US Jobs data, with crude oil prices on $90, and Brent crude to trade close to $93. Wednesday will be the focus also on the precious liquid, with the release of the inflation data along with the Crude Oil inventories release.
Stocks
European, along with the US stocks this week, turn their focus on the Inflation data for the US which is expected to be released on Wednesday at 12:30 GMT. Another important report will come from the UK, with the GDP release for June, to be the most important announcement coming from the United Kingdom.
Economic calendar most important releases (times are in GMT)
Wednesday, August 10, 2022
12:30 USD CPI m/m
12:30 USD Core CPI m/m
14:30 USD Crude Oil Inventories
Thursday, August 11, 2022
12:30 USD PPI m/m
12:30 USD Core PPI m/m
14:30 USD Unemployment Claims
14:30 USD Natural Gas Storage
Friday, August 05, 2022
06:00 GBP GDP m/m
06:00 GBP Prelim GDP q/q
14:00 USD Prelim UOM Consumer Sentiment
Thanks for reading! Have a great week! 
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