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Weekly Digest: July 25th - 29th

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@elyelma
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A week filled with many upcoming high impact news that could overturn the current market...

...for the best, or the worse.

Hello dear Hivers, and LeoFinance community, today I want to briefly address the upcoming economic calendar so all of us can be prepared for the possible scenarios that this week may bring.

Without further ado, let's begin.

Monday 25th:

  • Germany Business Climate from the Ifo institute (already published: Bearish. With 88.6 from a previous 92.2 and a forecasted 90.0)
  • Singapore Consumer Price Index

Tuesday 26th:

  • Japan Monetary Policy Protocol (Core CPI y/y) Forecast: 1.5% Previous 1.5%
  • US CB Consumer Confidence Forecast: 96.8 Previous: 98.7
  • US New Home Sales Forecast: 663k Previous: 696k
  • Australian Consumer Price Index (CPI) Forecast: 1.9% Previous: 2.1%

Wednesday 27th:

  • Pending Home Sales Forecast: 0.5% Previous: 0.7%
  • US FOMC (Federal Open Market Comitee / Interest Rate Statement) Forecast: - Previous: -
  • US Fed Funds Rates Forecast: 2.5% Previous: 1.75%
  • US Crude Oil Reserves Forecast: - Previous: -0.4M

Thursday 28th:

  • Australia Retail Sales Forecast: 0.4% Previous: 0.9%
  • Spanish Unemployment Rate
    Forecast: 13.2% Previous: 13.6%
  • US Advance Gross Domestic Product (GDP) Forecast: 0.4% Previous: -1.6%
  • US Unemployment Claims Forecast: 253k Previous: 251k

Friday 29th:

  • Tokyo Core Consumer Price Index Forecast: 2.2% Previous: 2.1%
  • Japan Industrial Production Forecast: 4.0% Previous: -7.5%
  • Japan Unemployment Rate Forecast: 2.5% Previous: 2.6%
  • Japan Retail Sales Forecast: 2.8% Previous: 3.7%
  • Eurozone Gross Domestic Product (GDP): France, Italy, Spain, Germany Forecast: 0.2%, 0.3%, 0.4%, 0.1% Previous: -0.2%, 0.1%, 0.2%, 0.2%
  • Canada Gross Domestic Product (GDP) Forecast: -0.2% Previous: 0.3%
  • US Core Personal Consumption Expenditures (CPE) Forecast: 0.5% Previous: 0.3%
  • US Revised UoM Consumer Sentiment Forecast: 51.1 Previous: 51.1

So as you may see, it's gonna be a wild ride!

A very active week with lots of significative announcements and news. You have may also noticed that many forecast are positive, but we will have to wait until the actual numbers are released, as nothing could be more harmful than a positive forecast that finds a negative outcome.

Please trade with caution, as we can expect a very volatile market in every front: currencies, indexes, commodities, futures, crypto, securities, etc.

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