Home / Economic News / WEEK 31 (July 27-August 2): Forthcoming economic news-releases

WEEK 31 (July 27-August 2): Forthcoming economic news-releases

At week 31, the uncertainty associated with the future of the European Union will continue to exert a strong influence on the Forex market. The situation with Greece and the expected consultation with UK about future referendum regarding country’s membership in the EU could significantly affect EUR.

Here is the list of the most prominent events on the week 31:

Monday starts with Ifo Business Climate data from German at 8:00 .

Later, at 12:30 Durable Goods Orders numbers will be published in USA.

The same way, Tuesday will starts with information from EU – at 8:30 preliminary GDP from UK will arrive and continues with afternoon data from US – at 14:00 we will know US CB Consumer Confidence data.

The most significant event on Wednesday is US FOMC Statement at18:00 with information about Federal Funds Rate. Economists do not forecast a rate changes this time.

On Thursday at night RBA’s Governor Glenn Stevens informs about economic situation in Australia (0:30). Building Approvals data from Australia will follow (01:30).

At 12:30 information about US GDP and US Unemployment Claims will be issued. The number of Americans filing initial claims for unemployment benefits dropped last week to 255,000, the lowest level from 1973. It is expected it will insignificantly rise on the week 31 (up to 264,000).

Friday will again starts with information from New Zealand and Australia. At 1:00 ANZ Business Confidence data comes from New Zealand and at 1:30 economic data from Australia will arrive (Producer Price Index, Private Sector Credit).

Later, at 12:30 GDP result from Canada show the conditions of Canadian economy. Most of the economists expect it will remain flat (0.0%).

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