Now that the foreign exchange trading week is at its midpoint, it’s time to consider what else is on the horizon in the second half of the week and into next week.
Tomorrow (Thursday), there will be an all-industry activity index for the month of June come out of Japan at 4.30am GMT. This is expected to show a change from 49.4 to 49.8.
Swiss industrial production figures for the second quarter of 2019 will be out at 6.30am. Year on year, these were last recorded at 4.3%.
French business climate data for August will be out at 6.45am GMT. The last time this metric came out, the index was at 101.
Markit’s preliminary composite purchasing managers’ index for August will be out at 7.30am GMT. This is expected to change from 50.9 to 50.5.
The accounts of the European Central Bank’s Monetary Policy Meeting will be published at 11.30am GMT.
Continuing jobless claims for the dates around August 9th will be out of the US at 12.30pm GMT. These are expected to show a drop from 1,726,000 to 1,700,000. Initial jobless claims for the following week will be published at the same time and are forecast by analysts to reveal a change from 220,000 to 216,000.
Canadian wholesale sales data for June will be out at 12.30pm GMT. Month on month, it is expected that this will show a change from -1.8% to +0.3%.
Preliminary European consumer confidence figures covering the whole of the Eurozone in August will be out at 2pm GMT. These are expected to show a change from -6.6 to -7.0.
Data on retail sales (excluding cars) is expected out of New Zealand at 10.45pm GMT, covering the second quarter of the year. It was last recorded at 0.7%.
The Jackson Hole Symposium will kick off on Friday and will see central banking figures from across the globe descend on Wyoming for a weekend of conferencing.
Canadian retail sales data for June will be out at 12.30pm GMT and is expected to show no change from its previous position of -0.1%.
The Federal Reserve’s Chair, Jerome Powell, is due to speak at 2pm GMT.
Looking ahead to next Monday, the first big event on the economic calendar will be the non-defence capital orders round-up from the US, covering July. This metric, which does not include aircraft, is expected to show a sharp decline from 1.9% to 1%.
Data on durable goods orders for July will be out at 12.30pm GMT. This was last recorded at 3.1%.
Japan will reveal insights into the state of sales among its large retailers at 11.50pm GMT, again covering July. This metric was last recorded at -0.5%.
On Tuesday, German gross domestic product data is due out at 6am GMT. This will cover the second quarter of the year. Year on year, it was last recorded at 0%.
French consumer confidence data for August will be out at 6.45am GMT. This is expected to show a drop from 102 to 101.