● U.S. Unemployment Rate and Non-Farm Payrolls (NFP) (July) (August 1st at 13:30 GMT+1)
The previous month had unemployment at 4.1%. Nonfarm Payrolls for the previous month printed 147,000.
Possible Influence: Volatile US Dollar, Gold and US Stocks
● US ISM Manufacturing PMI for July (August 1st at 15:00 GMT+1)
The ISM Manufacturing PMI previous print was 49.0. The number was higher than the expected 48.8.
Possible influence: Volatile US Dollar, Gold and US Stocks
● US trade deals and reciprocal tariff deadline (August 1st and August 12th)
On July 7 US reciprocal tariffs on multiple countries were extended from July 9th to August 1st. If no significant trade progress is achieved, the US might reimpose high reciprocal tariffs. The US and EU signed a significant deal with a baseline US tariff of 15% on EU goods on July 27th. On July 30 a US-South Korea trade deal was announced, adding to earlier deals with Japan, the Philippines, Indonesia and Vietnam. The US -China trues expires on August 12.
Possible Influence: Volatile US and European Stocks, Gold, EURUSD, CADUSD, Copper, Natural Gas, Crude Oil
● Eight OPEC+ countries will meet to set September production levels (August 3 at 11:00 GMT+1)
Eight OPEC members (Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman) will hold their monthly meeting to discuss and set voluntary production levels from September. The cartel is expected to consider whether to add another 548,000 bpd to output.
Possible Influence: Volatile Crude oil
● Bank of England Meeting (August 7th at 12:00 GMT+1)
The Monetary Policy Committee of the Bank of England will meet to decide on interest rates. Rates are expected to be cut by 0.25% this month from 4.25% to 4.0%. The last BoE cut was by 0.25% in May.
Possible Influence: Volatile British Pound and British stocks
● US TRUMP GIVES 10- DAYS DEADLINE TO RUSSIA TO REACH A CEASFIRE DEAL WITH UKRAINE (EXPECTED BY AUGUST 10)
On July 30 the US gave Russia a 10-day deadline that is expected to expire by August 10 to sign a ceasefire with Ukraine and threatened to impose tariffs and secondary tariffs on any country that imports Russian energy. On July 30th the US said will impose penalties on India for trade with Russia stating it must cease importing Russian oil and said further action may be taken against India.
Possible Influence: Volatile Crude oil, Natural gas, Gold, Silver, Palladium, Platinum, Copper
● US Inflation data (July) (August 12th at 13:30 GMT+1)
Core CPI (excluding food and energy) was 2.9%, Year-over-Year in June. Top-line Year on Year CPI for June came in at 2.7%, above expectations of 2.6%.
Possible Influence: Volatile US Dollar, Gold and US Stocks
● Reserve Bank of Australia Interest Rate decision (August 12th at 04:30 GMT+1)
The RBA will meet to decide on interest rates and it's likely that rates will remain unchanged, but there is a solid possibility of another rate cut of 25 basis points in the coming months. The current level is 3.85% after a cut of 25 basis points in May.
Possible Influence: Volatile Australian Dollar
● Retail Sales in the US for (July) (August 15th at 13:30 GMT+1)
Month-over-Month Retail Sales was at 0.6% in June, which was higher than 0.1% expected.
Possible Influence: Volatile US Dollar, Gold and US Stocks
● Jackson Hole Symposium (August 21st - 23rd)
The Federal Reserve Bank of Kansas City will again host its annual meeting of central bankers, leaders, academics, and economists from around the world. The theme this year is Labor Markets in Transition. The participants will discuss economic issues and policy options. The event includes a speech by Fed Chair Jerome Powell, papers, commentary, and discussions.
Possible Influence: Volatile US Dollar, Gold and US Stocks
● Company Q2 Earnings Season (August)
The 2nd Quarter earnings season continues in August. Of the major companies, Palantir (August 4th), AMD (August 5th), and NVIDIA (August 27th) are expected to declare their earnings.
Possible Influence: Volatile US Stocks