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WEEKLY ECONOMIC CALENDAR AHEAD

Here is what you need to know about the important news between August 15th 2022 and August 19th 2022, where we take a 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

Softer inflation reports last week, are expected to continue to weight on the Dollar Index for this week also since the light calendar, can have low affect on the greenback indicator. FOMC meeting minutes on Wednesday the major release for this week.

Gold

The precious metal closed last week above the $1800 level and returned again below early this week. The focus is shifted mainly on FOMC meeting minutes on Wednesday, since the safe heaven instrument is trying to break the resistance of the $1800 level and continue upwards or return again to lower levels.

Oil

Price of the “liquid gold”, closed the day lower on Friday, after 4 consecutive positive days. This week is starting with China’s week economic data triggering concerns about demand for oil.

Stocks

Investors are focusing this week on the FOMC meeting minutes in order to overcome the anxiety from last week’s softer than expected inflation data. The focus will be for any indications of easing interest rates rises.

 

Economic calendar most important releases (times are in GMT)

 

Tuesday, August 16, 2022

01:30    AUD                Monetary Policy Meeting Minutes

12:30    CAD                CPI m/m

 

Wednesday, August 17, 2022

01:30    AUD                Wage Price Index q/q

02:00    NZD                Official Cash Rate

02:00    NZD                RBNZ Monetary Policy Statement

02:00    NZD                RBNZ Rate Statement

06:00    GBP                CPI y/y

12:30    USD                Core Retail Sales m/m

12:30    USD                Retail Sales m/m

18:00    USD                FOMC Meeting Minutes

 

Thursday, August 18, 2022

01:30    AUD                 Employment Change

01:30    AUD                 Unemployment Rate

 

Thanks for reading! Have a great week!     

 

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