This week’s economic calendar is packed with significant events that could drive market movements across multiple sectors. From the Eurozone’s inflation data to crucial U.S. economic indicators, including oil inventories, jobless claims, and PMI reports, traders will have numerous opportunities to adjust their strategies. As the week progresses, all eyes will be on Fed Chair Powell’s speech on Friday, which could set the tone for the markets heading into the following week. Stay ahead of the curve by keeping a close watch on these key events with Zooe.
Tuesday, August 20
- Eurozone CPI (YoY) (Jul)
09:00 GMT
Key inflation data from the Eurozone will be closely watched as it could influence the European Central Bank’s next moves. A rise in CPI may signal increasing inflationary pressures, affecting EUR-related assets.
Wednesday, August 21
- U.S. Crude Oil Inventories
14:30 GMT
The weekly report on U.S. crude oil inventories can trigger significant volatility in the energy markets. An unexpected build or draw could impact crude oil prices and related sectors. - FOMC Meeting Minutes
18:00 GMT
The release of the FOMC Meeting Minutes will provide deeper insights into the Federal Reserve’s economic outlook and future monetary policy. Markets will be looking for clues on interest rate direction and inflation concerns.
Thursday, August 22
- U.S. Initial Jobless Claims
12:30 GMT
This weekly data point provides a snapshot of the U.S. labor market. Any unexpected change could influence market sentiment, especially in equity and bond markets. - S&P Global US Manufacturing PMI (Aug)
13:45 GMT
Early insights into the performance of the U.S. manufacturing sector. A reading below 50 could indicate contraction, impacting market views on economic growth. - S&P Global US Services PMI (Aug)
13:45 GMT
Covering the dominant sector of the U.S. economy, this report’s performance will be a key indicator of economic strength. Changes in this index could affect overall market confidence. - U.S. Existing Home Sales (Jul)
14:00 GMT
This data will shed light on the U.S. housing market’s health, a critical component of the broader economy. A rise in sales may support positive sentiment in the markets.
Friday, August 23
- Fed Chair Powell Speaks
14:00 GMT
A highly anticipated event, Fed Chair Jerome Powell’s speech could provide important insights into the Federal Reserve’s policy direction. Markets are likely to react strongly to any new guidance on inflation and interest rates. - U.S. New Home Sales (Jul)
14:00 GMT
Complementing the earlier housing data, the New Home Sales report will offer further details on the sector’s performance. This could be a key indicator of consumer confidence and economic resilience.
Why Choose Zooe?
At Zooe, we strive to offer an unparalleled trading experience. Our platform is equipped with state-of-the-art technology that ensures efficient and fast trade execution. We provide access to a broad range of trading instruments, from Forex and stocks to commodities and global indices. One of our standout features is our quick withdrawal process, allowing you to access your funds promptly whenever you need them. Additionally, our transparent pricing and social trading capabilities empower you to trade with confidence, making Zooe the smart choice for both beginners and experienced traders alike.
Risk Reminder
Trading in financial markets involves significant risk, including the potential loss of your investment. It’s essential to understand the risks involved and to only trade with capital you can afford to lose. We recommend seeking independent financial advice if you are uncertain about any aspect of trading.
