August 12, Economic Pulse – Key Events This Week

Key Events This Week

Markets Next Week: Inflation, Retail Sales and Geopolitics.

US inflation: A decline is expected, but markets will closely monitor the pace of cooling. The results will influence expectations for a Fed rate cut in September.
Retail Sales: An important indicator of the state of consumer demand. Weak data could heighten recession fears.
Fed Speeches: Comments from Fed officials will be scrutinised for hints of future monetary policy.
Volatility: Markets remain volatile due to recession fears, geopolitical tensions and possible continued correction in global financial flows.
Corporate earnings: Reports from major retailers Home Depot and Walmart are expected to provide insight into the consumer market.
Oil: Oil prices are rising amid concerns about conflict in the Middle East and easing recession fears.
UK: Wages, inflation, GDP and retail sales data will be released. The results will influence expectations about the future monetary policy of the Bank of England.

Overall, next week will be packed with important economic events that could significantly impact the financial markets.

Upcoming Central Bank Reports

August:

Reserve Bank of New Zealand (RBNZ): 14 August

September:

Federal Reserve (FED): 18 September
Bank of England (BOE): 19 September
Bank of Japan (BOJ): 20 September
European Central Bank (ECB): 12 September
Swiss National Bank (SNB): 26 September
Reserve Bank of Australia (RBA): 24 September
Bank of Canada (BOC): 4 September
Central Bank of the Russian Federation (CBR): 13 September

October:

Reserve Bank of India (RBI): 9 October

Earnings this week :

Home Depot (HD)
Cisco (CSCO)
Walmart (WMT)

Stock Market Dynamics by Sector

The slides below show volume analysis of Euro, Oil and S&P500 futures contracts.

Daily timeframe charts include volumetric support levels (indicated by the green coloured price range) and resistance levels (indicated by the red coloured price range).

Resistance (indicated by the red coloured price range).

CORE is a key range, the total volume of trades in this price range is 30% of the total volume for the selected period.