Game Changing News Updates for Forex Traders
Existing Home Sales:
Wednesday, 14:00. Most offers of homes are of second-hand homes. The annualized level of offers remained at 5.38 million in June, marginally beneath past levels. We could see a little bob now: 5.44 is anticipated.
FOMC Meeting Minutes:
Wednesday, 18:00. The Federal Reserve chose to leave loan fees unaltered in its most recent gathering, however, stayed hopeful about the economy and left the entryway completely open for a rated climb in September. There has been no reference to exchange the announcement. In the past gathering minutes, the FOMC did express worry about universal business in its minutes. Markets will be on watch to hear in the event that anything can back the Fed off. Furthermore, remarks about expansion and the ongoing solid GDP development figures will be viewed.
ECB Meeting Minutes:
Thursday, 11:30. The European Central Bank kept up its timid position in its July meeting. President Mario Draghi cleared up that the Bank won’t raise rates before September 2019, putting a conclusion to the theory that an expansion may come before. The Frankfurt-based establishment is additionally stressed over taxes. The gathering minutes will uncover more data about their state of mind and on the off chance that they have turned out to be more hopeful about swelling or stressed over development and exchange. The position will probably be to some degree tentative, yet this is evaluated in.
US New Home Sales:
Thursday, 14:00. While offers of new homes shape just a minor piece of the aggregate market, each arrangement makes a more extensive cluster of monetary action and is very much corresponded with the more extensive economy. The annualized level of offers remained at 631K in June. A comparative number is on the cards now: 651K.
US Durable Goods Orders:
Friday, 12:30. This essential financial marker gives data to the Fed about speculation and long-haul moves in the economy. Feature orders ascended by just 0.8% in June as indicated by the last read. Center requests ticked up by 0.2%. We will now get the underlying evaluation for July, the main month of Q3. The considers additionally feed along with GDP. Feature orders are relied upon to drop by 0.3% while center requests convey desires for +0.5%.
Jackson Hole Symposium:
Thursday and Friday, with the keynote discourse from Fed Chair Jerome Powell in all probability late on Friday. The yearly assembling of national investors in Wyoming ordinarily creates features for future approach moves. Previous Fed Chair Ben Bernanke and current ECB President Mario Draghi utilized the scene to flag approach changes. Will Powell move markets? His clear style may positively turn out to be advertise moving.
All Times are in GMT