The most important financial events for the upcoming week

27.07.2015

On Friday, the dollar increased against the other major currencies as commodity currencies have weakened on the publication of weak Chinese statistics, supporting the concerns about declining demand for raw materials.

The report showed that manufacturing activity in China in July fell to 15-month low.

On Friday evening, the euro was stable; the EUR/USD was traded at 1.0984. The dollar fell against the yen; USD/JPY pair dropped 0.08% to 123.80.

The USD index, which shows the strength of the greenback versus a basket of six major currencies, reached 97.34 in late trading, falling during the week with 0.65%.

Here are the most important events affecting the markets in the upcoming week.

Monday, July 27

In the Eurozone, the economic research institute, Ifo, will report data on the conditions of the business environment in Germany.

US will publish data on orders for durable goods.

Tuesday, July 28

UK is to release preliminary data on economic growth in the second quarter.

US will release a report on consumer confidence from the CB.

Wednesday, July 29

Japan is to release a report on retail sales.

GfK Group will publish a report on consumer climate in Germany.

UK is to publish data on net amount of private lending.

US will release a report on pending home sales.

Later on Tuesday, the Federal Reserve will announce a decision on monetary policy and will publish its accompanying statement.

Thursday, July 30

The head of the Reserve Bank of Australia, Governor Glenn Stevens, will speak at an event in Sydney. Meanwhile, Australia is to publish data on the volume of building permits issued and the increase in import prices.

Switzerland is to publish an index of leading economic indicators from the KOF (economic barometer).

In the Eurozone, Germany and Spain will release preliminary data on consumer price inflation. Spain is also to release preliminary data on economic growth in the second quarter, while Germany is to publish a report on the number of employees.

Later on Thursday, US will release preliminary data on economic growth in the second quarter, and a weekly report on the number of applications for unemployment benefits.

Friday, July 31

Japan will release a report on household spending and inflation.

New Zealand is to publish a report on confidence in the business community.

Australia is to publish data on producer price inflation.

The Eurozone is to release data on consumer price inflation, as well as a report on unemployment.

Meanwhile, Germany will report data on retail sales.

Canada is to publish a monthly report on the change in GDP, fully reflecting the current state of the economy.

US will round up the week with revised data on consumer confidence, and a report on business activity in Chicago.

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