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Forex week’s midpoint here – but what’s on the cards?

The forex week’s midpoint is upon us, but there’s no sign of it slowing down.

Today (Wednesday), there will be several key data releases. MBA mortgage applications data for the dates around August 23rd will be announced by the US at 11am GMT.

There’ll be a speech from the Federal Reserve’s Thomas I. Barkin, who serves as President and CEO of the Richmond Fed. He’s scheduled to speak at 4.20pm GMT.

Mary Daly, who heads up the San Francisco Federal Reserve Bank, will speak at 9.30pm GMT.

Looking ahead to Thursday, Japanese consumer confidence figures for August will be in the spotlight at 5am GMT.

Preliminary Spanish consumer price index information for August will be out at 7am GMT.

German unemployment figures for August will be out at 7.55am GMT. These are likely to hold firm and are not expected to change from their previous position of 5%.

Italian industrial sales information for June will be out at 8am GMT. Month on month, these were last recorded at 1.6%.

Europe-wide services sentiment for August is likely to be watched closely. This figure is expected to show a slight change from 10.6 to 10.5.

European industrial confidence data for August will be out at 9am GMT. This is expected to show no change from its previous position of -7.4.

The main event during the lunchtime slot will be the preliminary harmonised index of consumer prices, which will come out of Germany at 12pm GMT and will cover August. Year on year, it is expected that this will show a rise from 1.1% to 1.2%.

In the US, initial jobless claims for the dates around August 23rd will be out at 12.30pm GMT. This metric is expected to show a change from 209,000 to 215,000. Continuing jobless claims for the dates around August 16th are set to show a change from 1,674,000 to 1,680,000 when they are released at the same time.

Preliminary, annualised US gross domestic product data for the second quarter of 2019 will be out at 12.30pm GMT. This is expected to show a change from 2.1% to 2%.

Later in the evening, the Tokyo consumer price index, which excludes fresh food, will be out at 11.30pm GMT. This is expected to show a year on year change from 0.9% to 0.7%.

Australian new homes sales data for July will be out at some as yet unspecified time on Friday. This was last recorded month on month at -12.4%, so Aussie dollar traders are likely to want to see a rise here as an indicator of some new-found buoyancy in the sector.

Japanese housing starts for July will be out at 5am GMT and are likely to be negative. They are expected to move from 0.3% to -5.4%.

German retail sales information for July will be out at 6am GMT. Month on month, this is expected to show a change from 3.5% to -1%.

Italian unemployment figures for July are due to show a rise from 9.7% to 10.0% when they are released at 8am GMT.

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