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Round up of next week in the forex markets

As the end of the week approaches, it’s time to take a look ahead to see what next week will have in store for the forex markets.

Monday will be a relatively sparse day, although there will be some important releases from the Eurozone in the morning.

The Europe-wide consumer price index for July will be out at 9am GMT. The core figure is expected to show a change from 0.9% to 1.1% year on year. Month on month, it is expected that this will reveal a change from 0.2% to 0.1%.

Looking ahead to Tuesday of next week, the meeting minutes of the Reserve Bank of Australia are due out at 1.30am GMT.

Swiss imports and exports data will also be revealed on Tuesday morning, this time at 6am.

German producer price index data for July will be out at the same time, covering the month of July. This is expected to show a rise from 1.2% to 1.4% on a year on year basis.

Those who are concerned about recent negative figures out about the German economy will likely be reassured by the month on month version of this figure too, which is expected to show an upward change from -0.4% to -0.2%.

European construction output information for June is due at 9am GMT. This was last recorded at -0.27%.

On Wednesday, the Bank of Canada’s core consumer price index for July will be out at 12.30pm GMT. This is expected to show no year on year change from its previous position of 2%.

The meeting minutes of the latest Federal Open Market Committee session are due at 6pm GMT. These minutes will cover the activities of the Federal Reserve’s rate-setting committee, which last met at the end of July to decide on a historic cut in rates.

Data on foreign investment in Japanese stocks will be out at 11.50pm GMT for the dates around August 16th.

On Thursday, the Jackson Hole Economic Policy Symposium – which sees central bank officials, academics and more meet in Wyoming in the US – will take place.

The preliminary German Markit services purchasing managers’ index will take place at 7.30am GMT. This is expected to show a change from 50.9 to 52.3.

Continuing US jobless claims for the dates around August 9th will be out at 12.30pm GMT. Initial jobless claims for the dates around August 16th will be out at the same time.

Preliminary European consumer confidence data for August will be out at 2pm GMT.

New Zealand will reveal its retail sales figures for the second quarter of 2019 at 10.45pm GMT. Quarter on quarter, these were last recorded at 0.7%.

On Friday, Canadian retail sales data for June will be out. Month on month, these were last recorded at -0.1%.

US new home sales data for July will be out at 2pm GMT. This is expected to show a slight change from 646,000 to 660,000 month on month, a rise which is likely to be welcomed.

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