Major Market Events
WEEK 02.08.2021 - 06.08.2021
1. August 02 - 09:55 EUR German Manufacturing PMI (Jul)
The German Manufacturing Purchasing Managers' Index (PMI) estimates the activity level of purchasing managers in the manufacturing sector. A reading above 50 shows expansion in the sector; below indicates contraction.
2. August 03 - 06:30 AUD RBA Interest Rate Decision (Aug)
Reserve Bank of Australia (RBA) board members agree on where to set the rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation. A higher than expected rate is positive for the AUD, while a lower than expected rate is negative for this currency.
3. August 04 - 16:30 USD Crude Oil Inventories
The Energy Information Administration's (EIA) Crude Oil Inventories measures the weekly change in the number of barrels of commercial crude oil held by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation.
If the rise in crude inventories is more than expected, it implies lower demand and is bearish for crude prices. The same can be said if a decline in inventories is less than expected.
4. August 05 - 13:00 GBP BoE Inflation Report
The Bank of England (BOE) Inflation Report sets out the detailed economic analysis and inflation projections upon which the bank's Monetary Policy Committee bases its interest rate decisions and presents an assessment of the prospects for U.K. inflation over the following two years. The report is released quarterly.
5. August 06 - 14:30 USD Nonfarm Payrolls (Jul)
Nonfarm Payrolls measures the change in the number of people employed during the previous month, excluding the farming industry. Job creation is an important indicator of consumer spending, which accounts for the majority of economic activity.
Latest economic events
What does the economic calendar show?
How to read the economic calendar?
The “forecast” value can be expressed as a percentage or as a currency value and it shows how the event will impact the market. “Actual” value is the value of the event at the time of reading and the “prior” value is the value it was before the “actual” one.
Additionally, in the economic calendar, you can filter events by country.
Why is the economic calendar important?
Since some events can show the upcoming volatility, following the economic calendar, traders can prepare for it.
The economic calendar is especially important for day traders and we recommend them to keep track of it frequently.