This coming week, investors’ attention will be focused on key events and macroeconomic data that will determine the future trajectory of interest rates and bond yields. The main event will be the symposium in Jackson Hole, where speeches by Fed officials will shed light on the central bank’s future monetary policy. In addition, market participants are awaiting the release of July data on PCE inflation and durable goods orders in the US, as well as the latest inflation reports from leading European countries. In the corporate sector, Nvidia’s financial results will serve as a key indicator of global demand for artificial intelligence technologies.
Monday, Monday, August 24
On Monday, the early session highlights New Zealand’s quarterly retail sales report. Consensus projections anticipate a modest increase of 0.1-0.3%, marking a sharp cooling compared to the 0.8% growth recorded in the previous quarter. With consumer spending under pressure from higher borrowing costs, weaker-than-expected figures could weigh heavily on the New Zealand Dollar (NZD). Later, Singapore’s inflation rate release will offer key regional price trends for traders to evaluate. Inflation is expected to rise from 1.9% to 2.1% year-over-year, which could provide support for the SGD.
Main events of the day:
New Zealand Retail Sales (m/m) at 01:45 (GMT+3) – NZD (MED)
Singapore Inflation Rate (m/m) at 08:00 (GMT+3) – SGD (MED)
Tuesday, Tuesday, August 25
On Tuesday, the key market events are the release of the RBA meeting minutes and the US CB Consumer Confidence. The early session opens with the release of the Reserve Bank of Australia (RBA) meeting minutes. Market participants will comb through the details to better understand the board’s internal debate regarding moderating inflation and domestic labor conditions, offering vital context on how long the official cash rate will remain at its restrictive level. Shortly after, European attention pivots to Germany for the Ifo Business Climate index, which tracks corporate sentiment across manufacturing, wholesale, and retail sectors to gauge the industrial engine’s resilience. In the North American afternoon, the focus shifts to the US with the release of the Conference Board’s Consumer Confidence index and new home sales figures. These reports will provide a dual assessment of consumer psychology and housing market activity, helping investors evaluate household spending power and economic momentum heading toward the end of the month.
Main events of the day:
Australia RBA Meeting Minutes at 04:30 (GMT+3) – AUD (MED)German Ifo Business Climate (m/m) at 11:00 (GMT+3) – EUR (MED)US CB Consumer Confidence (m/m) at 17:00 (GMT+3) – USD (MED)US New Home Sales (m/m) at 17:00 (GMT+3) – USD (MED)