08-03-2020, 10:45 AM
Major Economic Events in the 1st week of August 2020
Get all updates on international economy, Business news, Global market news, world business, and global business trade on Business Standard. Major Economic Events in the Market this week are as following:
3 August 14:00 USD ISM Manufacturing Employment Index
It shows the business conditions in the US manufacturing sector to predict the overall conditions of the US. It will be consensus with the 48.4 and the previous forecast was 52.6 it will predict that it will seem 50-50 positive and negative effect for USD.
4 August 22:45 NZD Employment Change and Unemployment Rate (Q2)
Unemployment Rate: It shows the unemployed workers divided by the total civilian force. It will be expected that if the rate is up it will weaken the New Zealand economy on the other side decrease in the Figure will seem as positive or bullish for the NZD when the increase is seen as the negative.
Employment Change: Employment change measures the change in the number of employed people. It will be expected to implications for consumer spending to economic growth. High is seen as positive for the NZD and low reading is seems negative.
5 August 9:00 EUR Retail Sales (YoY) (Jun)
Retail Sale measures the performance in the retail sector in the short term. It will reflect the rate of change in sales. It will expected usually the positive economic growth in Bullish while the low reading seems Negative.
14:00 USD ISM Non-Manufacturing (PMI)(Jul)
It shows the business conditions in the US non-manufacturing sector. The non-manufacturing sector does not influence either positively or negatively.
6 August 06:00 GBP Bank of England Monetary Policy
It will analyze the quarterly report in the inflation projections based on the Monetary Policy committee bases. Expected that high reading is seen as positive for the GBP.
7 August 12:30 USD NFP (Nonfarm Payrolls)
The monthly changes in payrolls can be extremely volatile, due to its high relation with economic policy decisions made by the Central Bank. The number is also subject to strong reviews in the upcoming months, and those reviews also tend to trigger volatility in the forex board. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish), although previous months reviews and the unemployment rate are as relevant as the headline figure, and therefore market's reaction depends on how the market assets them all.
For More information about Economic Events click here: https://xtreamforex.com/economic-calendar/
Get all updates on international economy, Business news, Global market news, world business, and global business trade on Business Standard. Major Economic Events in the Market this week are as following:
3 August 14:00 USD ISM Manufacturing Employment Index
It shows the business conditions in the US manufacturing sector to predict the overall conditions of the US. It will be consensus with the 48.4 and the previous forecast was 52.6 it will predict that it will seem 50-50 positive and negative effect for USD.
4 August 22:45 NZD Employment Change and Unemployment Rate (Q2)
Unemployment Rate: It shows the unemployed workers divided by the total civilian force. It will be expected that if the rate is up it will weaken the New Zealand economy on the other side decrease in the Figure will seem as positive or bullish for the NZD when the increase is seen as the negative.
Employment Change: Employment change measures the change in the number of employed people. It will be expected to implications for consumer spending to economic growth. High is seen as positive for the NZD and low reading is seems negative.
5 August 9:00 EUR Retail Sales (YoY) (Jun)
Retail Sale measures the performance in the retail sector in the short term. It will reflect the rate of change in sales. It will expected usually the positive economic growth in Bullish while the low reading seems Negative.
14:00 USD ISM Non-Manufacturing (PMI)(Jul)
It shows the business conditions in the US non-manufacturing sector. The non-manufacturing sector does not influence either positively or negatively.
6 August 06:00 GBP Bank of England Monetary Policy
It will analyze the quarterly report in the inflation projections based on the Monetary Policy committee bases. Expected that high reading is seen as positive for the GBP.
7 August 12:30 USD NFP (Nonfarm Payrolls)
The monthly changes in payrolls can be extremely volatile, due to its high relation with economic policy decisions made by the Central Bank. The number is also subject to strong reviews in the upcoming months, and those reviews also tend to trigger volatility in the forex board. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish), although previous months reviews and the unemployment rate are as relevant as the headline figure, and therefore market's reaction depends on how the market assets them all.
For More information about Economic Events click here: https://xtreamforex.com/economic-calendar/