Next week, the Fed will be in the quiet period ahead of the FOMC rate meeting on July 30.
The S&P Global flash manufacturing and services data will be released for Europe and the US on Thursday. The ECB will likely keep rates unchanged, but given the tariff threat, will likely be biased to more easing (although they are also near neutral rates now).
US initial jobless claims fell to 221K last week and moved back toward the lower levels after a modest rise toward 250K.
Below is the scheduled of released.
Sunday, July 20
6:45pm ET – NZD CPI q/q – Forecast: 0.6% Previous: 0.9%
All day – JPY Upper House Elections
Wednesday, July 23
11:05am ET – AUD RBA Gov Bullock Speaks
Thursday, July 24
3:15am ET – EUR French Flash Manufacturing PMI – Forecast: 48.5 Previous: 48.1
3:15am ET – EUR French Flash Services PMI – Forecast: 49.7 Previous: 49.6
3:30am ET – EUR German Flash Manufacturing PMI – Forecast: 49.4 Previous: 49.0
3:30am ET – EUR German Flash Services PMI – Forecast: 50.0 Previous: 49.7
4:30am ET – GBP Flash Manufacturing PMI – Forecast: 48.1 Previous: 47.7
4:30am ET – GBP Flash Services PMI – Forecast: 52.9 Previous: 52.8
8:15am ET – ECB Rate Decision: EUR Main Refinancing Rate – Forecast: 2.15% Previous: 2.15%
8:15am ET – EUR ECB Monetary Policy Statement
8:30am ET – USD Unemployment Claims – Forecast: 229K Previous: 221K
8:45am ET – EUR ECB Press Conference
9:45am ET – USD Flash Manufacturing PMI – Forecast: 52.7 Previous: 52.9
9:45am ET – USD Flash Services PMI – Forecast: 53.0 Previous: 52.9
Friday, July 25
2:00am ET – GBP Retail Sales m/m – Forecast: 1.2% Previous: -2.7%
This article was written by Greg Michalowski at investinglive.com.
