NAGA : The Top 7 Economic Events Happening This Week | August 15-19

At last week, equity markets continued to edge higher, and received a boost when the U.S. inflation rate declined more than expected ⚡ This week, however, things could change dramatically, as there are several important economic events ahead of us

We have prepared for you a short review of this week's top economic events, August 15-19

Study, analyze, and improve your trading experience with up-to-date information about what's happening in the world of finance and trading.

Let's take a look at this

The Australian Monetary Policy Meeting Minutes - Tuesday, August, 16th

The Australian Monetary Policy Meeting Minutes will be held on Tuesday, August 16 at 04:30 GMT+3.

The Reserve Bank of Australia (RBA) Monetary Policy Meeting Minutes are a detailed record of the bank's most recent policy-setting meeting, containing in-depth insights into the economic conditions that influenced the rate decision.

The report will confirm what had been discussed in the latest meeting and comments made by the countries regulating bankers.

Beware of potential volatility for AUD and AUS200

The Canadian CPI - Tuesday, August, 16th

On Tuesday, August 16, the Canadian CPI will be released at 15:30 GMT+3.

The Consumer Price Index (CPI) is an indicator of changes in consumer prices experienced by Canadians. It is obtained by comparing, over time, the cost of a fixed basket of goods and services purchased by consumers.

The CPI is used to adjust wages, retirement benefits, tax brackets, and other important economic indicators. Inflation-protected securities and derivatives contracts based on the CPI can help investors assess and control the risks of inflation and deflation. So, higher than expected is positive for the currency, but can pressure the stock market.

Beware of potential volatility for CAD

The Australian Wage Price Index - Wednesday, August,17th

On Wednesday, August 17, the Australian Wage Price Index will be released at 04:30 GMT+3.

Wage Price Index measures the rate of increase in wages and salaries as measured by the Average Earnings Index. A higher-than-expected number should be taken as positive to the AUD, while a lower-than-expected number as negative.

Beware of potential volatility for AUD and AUS200

The Reserve Bank of New Zealand New Rate and Monetary Policy Statement - Wednesday, August, 17th

The Reserve Bank of New Zealand New Rate and Monetary Policy Statement will be released on Wednesday, August, 17 at 5:00 GMT+3.

The Reserve Bank of New Zealand New Rate and Monetary Policy Statement sets out the Monetary Policy Committee's approach to achieving its objectives. It has an assessment of current and future economic conditions, including inflation and employment.

Higher than predicted is positive for the currency, as well as hawkish comments from the regulator.

Beware of potential volatility for NZD

The UK Consumer Prices Index (CPI) - Wednesday, August, 17th

The UK Consumer Prices Index (CPI) will be released on Wednesday, August, 17 at 9:00 GMT+3.

The CPI is published by the Office for National Statistics. It measures the average change from month to month in the prices of goods and services purchased by most households in the UK. The government uses the CPI as the basis for its inflation target and for uprating of state pensions and state benefits.

When the CPI is rising it means that consumer prices are also rising, and when it falls it means consumer prices are generally falling. In short, a higher CPI indicates higher inflation, while a falling CPI indicates lower inflation, or even deflation.

Beware of potential volatility for GBP and FTSE100

The U.S. FOMC Meeting Minutes - Wednesday, August, 17th

The U.S. FOMC Meeting Minutes will be held on Wednesday, August, 17 at 21:00 GMT+3.

The FOMC meeting minutes provide a detailed summary of the FOMC discussion and inform the public and Congress about the full range of policy-makers´ views and debate about monetary policy issues, including the diversity of views.

When the Federal Open Market Committee (FOMC) changes the interest rate, it impacts both the economy and the stock markets because borrowing becomes either more or less expensive for individuals and businesses.

Beware of potential volatility for US Dollar and US Stocks

The Australian Unemployment Rate and Change - Thursday, August, 18th

The Australian Unemployment Rate and Change will be released on Wednesday, August, 17 at 21:00 GMT+3.

The unemployment rate is the percentage of people in the labour force who are unemployed. Consequently, measuring the unemployment rate requires identifying who is in the labour force. The labour force includes people who are either employed or unemployed.

Long periods of unemployment are associated with lower incomes and financial stress. They can also be debilitating for the individuals, families and communities that are affected. For the economy as a whole, long-term unemployment reduces the effective pool of workers and increases the cost of welfare support.

Beware of potential volatility for AUD and AUS200

That's it for this week!

Important Notice: Any news, opinions, research, analyses, prices, or other information contained in this article are provided as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and therefore, it is not subject to any prohibition on dealing ahead of dissemination. Past performance is not an indication of possible future performance. Any action you take upon the information in this article is strictly at your own risk, and we will not be liable for any losses and damages in connection with the use of this article.

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