The Week Ahead: Services PMIs, The RBA, and the Chinese Economy in Focus
==========
The US ISM Services PMI on August 5 will influence US dollar demand and could fuel speculation about a hard US landing; US jobless claims on August 8 could raise bets on multiple 2024 Fed rate cuts; Euro area service sector PMIs on August 5 will affect EUR/USD demand and could raise investor bets on a September ECB rate cut; German factory orders on August 6 could pressure the ECB to consider multiple 2024 rate cuts; German industrial production and trade data on August 7 may signal a further deterioration in demand and support a more dovish ECB rate path; UK services PMI on Monday could fuel speculation about a Q4 2024 Bank of England rate cut; Canadian trade data on Tuesday could signal a weakening demand environment and support a more dovish Bank of Canada rate path; RBA interest rate decision and press conference on Tuesday could fuel Aussie dollar demand if there is an unexpected interest rate hike; New Zealand unemployment rate on Wednesday could fuel speculation about a possible RBNZ interest rate cut; Japan's finalized Services PMI on Monday could raise investor bets on a Q4 2024 Bank of Japan rate hike; average cash earnings and household spending in Japan on Tuesday could impact buyer demand for the Yen; China's Caixin Services PMI on Monday could impact market risk sentiment; China's trade data on Thursday will draw interest and softer imports and exports would signal a weakening demand environment; China's inflation figures on Friday would suggest weaker demand and economic growth; investors should consider chatter from Beijing about a fiscal stimulus package; FOMC members Mary Daly and Thomas Barkin are scheduled to speak; NAB Business Confidence numbers on Thursday could signal a pullback in spending and job creation in Australia
#ServicesPmis #Rba #ChineseEconomy #UsDollar #Ecb #BankOfEngland #BankOfCanada #AussieDollar #Rbnz #BankOfJapan #Yen #Inflation #Fomc #NabBusinessConfidence
https://www.fxempire.com/news/article/the-week-ahead-services-pmis-the-rba-and-the-chinese-economy-in-focus-1450898
FX Empire /
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2024-08-04 06:17:21
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wss://relay.damus.ioPublished at
2024-08-04 06:17:21Event JSON
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"content": "The Week Ahead: Services PMIs, The RBA, and the Chinese Economy in Focus\n==========\n\nThe US ISM Services PMI on August 5 will influence US dollar demand and could fuel speculation about a hard US landing; US jobless claims on August 8 could raise bets on multiple 2024 Fed rate cuts; Euro area service sector PMIs on August 5 will affect EUR/USD demand and could raise investor bets on a September ECB rate cut; German factory orders on August 6 could pressure the ECB to consider multiple 2024 rate cuts; German industrial production and trade data on August 7 may signal a further deterioration in demand and support a more dovish ECB rate path; UK services PMI on Monday could fuel speculation about a Q4 2024 Bank of England rate cut; Canadian trade data on Tuesday could signal a weakening demand environment and support a more dovish Bank of Canada rate path; RBA interest rate decision and press conference on Tuesday could fuel Aussie dollar demand if there is an unexpected interest rate hike; New Zealand unemployment rate on Wednesday could fuel speculation about a possible RBNZ interest rate cut; Japan's finalized Services PMI on Monday could raise investor bets on a Q4 2024 Bank of Japan rate hike; average cash earnings and household spending in Japan on Tuesday could impact buyer demand for the Yen; China's Caixin Services PMI on Monday could impact market risk sentiment; China's trade data on Thursday will draw interest and softer imports and exports would signal a weakening demand environment; China's inflation figures on Friday would suggest weaker demand and economic growth; investors should consider chatter from Beijing about a fiscal stimulus package; FOMC members Mary Daly and Thomas Barkin are scheduled to speak; NAB Business Confidence numbers on Thursday could signal a pullback in spending and job creation in Australia\n\n#ServicesPmis #Rba #ChineseEconomy #UsDollar #Ecb #BankOfEngland #BankOfCanada #AussieDollar #Rbnz #BankOfJapan #Yen #Inflation #Fomc #NabBusinessConfidence\n\nhttps://www.fxempire.com/news/article/the-week-ahead-services-pmis-the-rba-and-the-chinese-economy-in-focus-1450898",
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