We already got a taste of dealing with trade headlines to start with and it will be the case all throughout the week. The US and China are meeting today and an extension of the status quo i.e. temporary truce is the expectation.
Then, we'll have the Australia quarterly CPI report for Q2 on Wednesday. This is the big one for the RBA with markets expecting it to allude to a 25 bps rate cut in August. As things stand, traders are pricing in ~84% odds of a rate cut for next month. From earlier this month: RBA's Bullock: We want to be sure on inflation
And after wrapping that up, the focus turns to big tech earnings from Wall Street. Meta and Microsoft will report after the close on Wednesday before Amazon and Apple take over after the close on Thursday.
On the European side of things, there will be preliminary inflation numbers for July from France, Germany, Italy, and Spain before we get to the Eurozone estimate on Friday. These will be ones to watch in reaffirming whether the ECB has scope to move to the sidelines again in September.
Oh, and did I not mention that all of this will be mixed with month-end trading flows in the next few days too? That will make it extra tricky to fully read into the market moves this week.
This article was written by Justin Low at investinglive.com.Hence then, the article about big big week for markets coming up was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Big, big week for markets coming up )
Also on site :