FXOpen UK: Your Financial Market Weekly Digest

 [] [FXOpen]( Any questions? [Email us](mailto:support@fxopen.co.uk?subject=) [Financial Market News] This weeks sees US Q2 earning reports continue, providing further insight into how corporate America is coping with the pandemic, including Apple after the bell on Tuesday. [ [Trade now]( Economic data releases Tuesday, July 27 7:30am*: Japan (Japanese yen, Â¥JPY): BOfJ Governor Haruhiko Kuroda Speaks Kuroda is due to speak at an online event hosted by the Japan National Press Club. Volatility is often experienced during his speeches as traders rush to decipher interest rate and future monetary policy hints. * Hereinafter, UTC 2:00pm: US (the US dollar, $USD): The Conference Board’s Consumer Confidence Measures the level of a composite index based on thousands of surveyed households. Financial confidence is a leading indicator of consumer spending, which, in its turn, accounts for a majority of overall economic activity. Wednesday, July 28 1:30am: Australia (Australian dollar, $AUD): Consumer Price Index (CPI), q/q + Trimmed Mean CPI q/q CPI measures the change in the price of goods and services purchased by consumers. The data is released later than inflation data from other countries, but it is the primary gauge of US consumer prices and tends to impact markets. Consumer prices account for a majority of overall inflation, which is important to currency valuation: rising prices lead the central bank to raise interest rates in accordance with their inflation containment mandate. Trimmed Mean CPI excludes the most volatile 30% of items. This data represents the underlying inflation trend through component weighting and anomaly exclusion. 6:00am: Germany (euro, €EUR): GfK Consumer Confidence (August) The GfK Consumer Climate Indicator is based on a survey of thousands of individuals aged 14 years and above: they are asked to comment on income expectations, buying propensity and savings. 12:30pm: Canada (Canadian dollar, $CAD): Consumer Price Index (CPI) m/m Measures the change in the price of goods and services purchased by consumers and is the most important inflation-related release thanks to an early release and its broad scope. 6:00pm: US (the US dollar, $USD): Federal Open Market Committee Statement (also known as Interest Rate Statement, Fed Statement, Monetary Policy Statement) + 6:30pm: FOMC Press Conference As a rule, the FOMC alter their statement with each release, drawing traders’ interest. The statement contains the outcome of their vote on interest rates and other policy measures, along with commentary about the economic conditions that influenced their votes. The document discusses the economic outlook and offers clues on the outcome of future votes. The press conference has two parts: a prepared statement, then press questions. There is no script to follow, this is why the answers can cause heavy market volatility. Thursday, July 29 7:55am: Germany (euro, €EUR) Unemployment Change (July) + All day: Inflation Rate YoY Prel (July) In Germany, the unemployment change measures the absolute change in the number of unemployed people in the reporting month. Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation. 12:30pm: US (the US dollar, $USD): Advance GDP q/q Measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. There are three versions of GDP released a month apart: Advance, Preliminary, and Final. The Advance release is the earliest and thus tends to have the most impact Friday, July 30 8:00am: Germany (euro, €EUR): Prelim GDP q/q Measures the change in the inflation-adjusted value of all goods and services produced by the economy. The Preliminary release is the earliest and tends to have the most impact. The German economy is the fifth largest economy in the world and Europe's largest. 9:00am: Euro Area: Core Inflation Rate YoY Flash (JUL) + GDP Growth Rate QoQ Flash (Q2) + GDP Growth Rate YoY Flash (Q2) The Euro Area is an economic and monetary union of 19 European countries that adopted the euro as their currency. It is the second largest economy in the world. Germany, France, Italy and Spain are the strongest economies within the union. 12:30pm: Canada (Canadian dollar, $CAD): GDP m/m Measures the change in the inflation-adjusted value of all goods and services produced by the economy, is the broadest measure of economic activity and the primary gauge of the economy's state. 12:30pm: US (the US dollar, $USD): Core Personal Consumption Expenditures Price Index m/m Measures the change in the price of goods and services purchased by consumers, excluding food and energy. Only measures goods and services targeted towards and consumed by individuals (unlike Core CPI). We hope our newsletter will help you shape your trading plan for this week. 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