Zooe’s Weekly Economic Calendar: Key Events and Market Impact (July 22-26, 2024)
Prepare for an eventful week in the financial markets with Zooe’s comprehensive analysis of major economic indicators. This week’s highlights include key data releases from the US and Canada, which are expected to influence various financial markets. Zooe’s expert insights and advanced trading tools will help you navigate these economic events effectively, ensuring you stay ahead of market movements. All times in GMT.
Tuesday, July 23, 2024
14:00
- USD: Existing Home Sales (Jun)
- Impact: Housing Market, USD pairs
- Trading Tip: A decline in home sales may indicate a slowing economy, potentially weakening the USD. Consider short positions on USD pairs if sales are lower than expected.
Wednesday, July 24, 2024
13:45
- USD: S&P Global US Manufacturing PMI (Jul) Preliminary Release
- Impact: Manufacturing Stocks, USD pairs
- Trading Tip: A higher PMI could strengthen the USD. Look for long positions on USD pairs if the PMI exceeds forecasts.
13:45
- USD: S&P Global Services PMI (Jul) Preliminary Release
- Impact: Service Sector Stocks, USD pairs
- Trading Tip: Positive services PMI data may bolster the USD. Consider buying USD against weaker currencies.
13:45
- CAD: BoC Interest Rate Decision
- Impact: CAD pairs, Bonds
- Trading Tip: An unexpected rate change can significantly impact CAD pairs. Prepare for volatility and adjust positions accordingly.
14:00
- USD: New Home Sales (Jun)
- Impact: Housing Market, USD pairs
- Trading Tip: Strong home sales can support the USD. Watch for buying opportunities in USD pairs if sales surpass expectations.
Thursday, July 25, 2024
12:30
- USD: Durable Goods Orders (MoM) (Jun)
- Impact: Manufacturing Sector, USD pairs
- Trading Tip: Durable goods orders reflect economic health. Higher orders may lead to a stronger USD. Consider long positions on USD pairs.
12:30
- USD: GDP (QoQ) (Q2) Preliminary Release
- Impact: Broad Market, USD pairs
- Trading Tip: A strong GDP report could boost the USD. Look for opportunities to buy USD.
12:30
- USD: Initial Jobless Claims
- Impact: Labor Market, USD pairs
- Trading Tip: Lower jobless claims typically strengthen the USD. Be prepared to adjust trades based on the data.
Friday, July 26, 2024
12:30
- USD: Core PCE Price Index (YoY) (Jun)
- Impact: Inflation, USD pairs
- Trading Tip: Core PCE is a key inflation measure. Higher than expected values can lead to a stronger USD. Consider long positions on USD pairs.
12:30
- USD: Core PCE Price Index (MoM) (Jun)
- Impact: Inflation, USD pairs
- Trading Tip: Monitor this inflation data closely. A higher monthly increase can bolster the USD.
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