Potential News Trades: This Week’s Fundamentals

Another trading week is here, and this is the week global financial markets are waiting for. As was the case last week, focus for the week will be on more geopolitics as well as key statements from central banks (US Federal Reserve and Bank of England).

So what should news traders be looking forward to?

Tuesday July 30

German inflation report will be released on Tuesday. Also, the U.S. income and spending report will be released on Tuesday, but is not expected to have great market impact. Also, U.S. trade representative Robert Lighthizer and Treasury Secretary Steven Mnuchin are expected to lead the US delegation that will continue the latest round of trade talks with their Chinese counterparts.  Business Confidence by the Conference Board in the US is another high impact news release to be monitored out of the United States.

Wednesday July 31

Wednesday kicks off in the Asian zone with the Australian inflation report and the China’s official manufacturing PMI. We will also have the ANZ Consumer Confidence out of New Zealand. These two reports will be huge for the Australian Dollar. A big Wednesday continues in Europe with the Eurozone Q2 GDP and July inflation report. When New York awakes, we will have the ADP employment report as well as the Canadian monthly GDP figures. A big Wednesday will conclude with the announcement by the US Federal Reserve’s monetary policy decision.

Thursday August 1

Thursday will see the Bank of England (BoE) announce its monetary policy decision. We will also have the ISM manufacturing PMI and Caixin manufacturing report.

Friday August 2

Friday starts with the Australian retail sales report. When it comes to the first Friday of a new month, what could be bigger than the US Non-farm Payrolls report (NFP)? I will be covering possible trade ideas for the day in a subsequent report.

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