The Reserve Bank of Australia (RBA) will release its interest rates and make a statement on August 2, 7:30 GMT+3.
The Flash Manufacturing PMI: German Impact on EUR
What will happen?
The German Flash Manufacturing PMI will come out on Friday, July 22, at 10:30 MT time (GMT+3).
It's a leading indicator of economic health because businesses react quickly to market conditions, and their purchasing managers hold the most current and relevant insight into the company's view of the economy.
Last time, the actual numbers were lower than expected. As a result, EURUSD lost more than 815 points. If you traded one lot, you could have earned over $815.
How to trade on the German Flash Manufacturing PMI?
- If the actual number is higher than the expectations, the EUR will likely strengthen against other currencies.
- If the actual number is lower than the expectations, the EUR will likely weaken against other currencies.
Check the Economic Calendar.
Instruments to trade: EURUSD, EURGBP, EURJPY.
The Federal Open Market Committee (FOMC) will update the Federal Funds Rate and make a statement about future monetary policy on July 27 at 21:00 MT.
The Australian Bureau of Statistics will announce the Consumer Price Index (CPI) on Wednesday, July 27, at 04:30 MT.
The United States will publish the Inflation Rate and Core Inflation Rate, also known as US CPI and Core CPI, on August 10 at 15:30 GMT+3.
The United States Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on August 5, 15:30 GMT+3.
The Bank of England (BoE) will share its Official Bank Rate and make a statement on monetary policy on August 4, 14:00 GMT+3.