Economic data due in the week ahead – Binary Options

 

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The last week has seen markets in a slightly more positive mood but any real gains were limited due to the underlying tensions in Ukraine which increased at end of week with the U.S. accusing Russia of planning to arm the separatist movement, should things deteriorate further over the weekend it could make for an uneasy start for markets on Monday. The upcoming week sees the U.S. economy coming to the forefront of investor’s minds with a whole raft of macroeconomic data due from the region, which starts on Monday with U.S. pending home sales.

Below is a breakdown of the important economic data that is due in the coming week.

Monday:

U.S.: July preliminary services PMI expected to rise to 62.3 from 61 last month. Markets to watch: U.S. indices and U.S. dollar crosses.

June pending Home Sales expected to decline month on month -0.2%. Markets to watch: U.S. indices and U.S. dollar crosses.

Tuesday

Japan: June jobless rate expected to hold steady at 3.5%. Markets to watch: USD/JPY

U.S.: May Case-Shiller home price index, expected to ease to 9.8% from 10.8% last month. Markets to Watch: U.S. indices and U.S. dollar crosses.

Wednesday

Germany: July preliminary CPI, expected to decline month on month to 0.2% from 0.3% and year on year to 0.8% from 1.0%. Markets to watch: DAX, EUR/USD, EUR/GBP.

U.S.: July ADP employment report expected to come in at 225K. Markets to Watch: U.S. indices and U.S. dollar crosses.

July Federal Reserve meeting where no change in tapering from the $10bln is expected and no change in interest rates. Markets to watch: U.S. indices and U.S. dollar crosses.

Thursday

Germany: July unemployment data which expected to remain steady at 6.7%. Markets to watch: DAX, EUR/USD, EUR/GBP.

Euro zone: June unemployment data expected to remain steady at 11.6%.

July CPI is expected to come in at 0.5% month on month and 0.8% year on year. Markets to watch: EUR/GBP, EUR/USD.

U.S.: Initial jobless claims expected to rise to 306K from 284K. Markets to watch: U.S. indices and U.S. dollar crosses.

July Chicago PMI expected to rise to 63.1 from 62.6 last month. Markets to watch: U.S. indices and U.S. dollar crosses.

Friday

China: July manufacturing PMI expected to rise to 51.3 from 51.

HSBC manufacturing PMI is expected to decline to 51.9 from 52. Markets to watch: copper, AUD/USD, China A50.

Germany: July final manufacturing PMI which is expected to remain unchanged at 52.9. Markets to watch: DAX, EUR/USD, EUR/GBP.

U.K.: July manufacturing PMI, expected to ease back to 57.2 from 57.5. Markets to watch: GBP/USD, EUR/GBP.

U.S.: July non-farm payrolls job creation is expected to ease to 225K from 288K last month, with unemployment remaining at 6.1%. Markets to watch: U.S. indices and U.S. dollar crosses.

July manufacturing PMI (final) which is expected to ease to 56.1 from 56.3. Markets to watch: U.S. indices and U.S. dollar crosses.

July final University of Michigan consumer confidence which is expected to increase slightly to 81.4 from 81.3. Markets to watch: U.S. indices and U.S. dollar crosses.