Next week's opportunity radar.
Monday, July 31st:
At 3:00 am GMT-6, the news about inflation in Europe will be released. It is expected to decrease from 5.5% to 5.3%. However, there is a possibility of a selling opportunity if the deviation is less than 5.1%, which would indicate that the European Central Bank (ECB) will adopt a more flexible stance in its upcoming meeting and could increase the likelihood of interest rate cuts. On the other hand, if the deviation is greater than 5.7%, it could be an opportunity to buy Euros as the ECB may take a more hawkish stance in its monetary policy decision.
Tuesday, August 1st:
At 8:00 am, the United States Manufacturing Purchasing Managers' Index (PMI) data will be released. It is expected to increase from 46 to 46.8. If the result deviates below 45.9, it could be an opportunity to take a position against the dollar.
Wednesday, August 2nd:
Thursday, August 3rd:
At 12:30 am, the inflation data for Switzerland will be released. It is expected to decrease from 1.7% to 1.6%. This could provide an opportunity to buy Swiss Francs if the result is greater than 1.9%, as the Swiss National Bank (SNB) would adopt a firmer stance in its next monetary policy meeting. However, if the result is less than 1.4%, it could be an opportunity to take a position against the CHF, as the SNB would be more flexible in its monetary policy.
At 6:30 am, the Initial Jobless Claims data in the United States (Jul/29) will be published. It is expected to increase from 221K to 227K. However, if it decreases to 220K or lower, it could be an opportunity to buy dollars.
Friday, August 4th:
At 6:30 am, the Unemployment Rate (Jul) and Non-Farm Payrolls (Jul) data will be released in the United States. It is expected that the unemployment rate will remain at 3.6% and non-f payarmrolls will decrease from 209K to 200K. However, these data could generate an opportunity to buy dollars if the unemployment rate comes out lower than 3.4% and non-farm payrolls increase to 270K, as this would increase the likelihood of higher inflation in the United States and therefore the probability of an interest rate hike by the Federal Reserve (FED).
At 3:00 am GMT-6, the news about inflation in Europe will be released. It is expected to decrease from 5.5% to 5.3%. However, there is a possibility of a selling opportunity if the deviation is less than 5.1%, which would indicate that the European Central Bank (ECB) will adopt a more flexible stance in its upcoming meeting and could increase the likelihood of interest rate cuts. On the other hand, if the deviation is greater than 5.7%, it could be an opportunity to buy Euros as the ECB may take a more hawkish stance in its monetary policy decision.
Tuesday, August 1st:
At 8:00 am, the United States Manufacturing Purchasing Managers' Index (PMI) data will be released. It is expected to increase from 46 to 46.8. If the result deviates below 45.9, it could be an opportunity to take a position against the dollar.
Wednesday, August 2nd:
Thursday, August 3rd:
At 12:30 am, the inflation data for Switzerland will be released. It is expected to decrease from 1.7% to 1.6%. This could provide an opportunity to buy Swiss Francs if the result is greater than 1.9%, as the Swiss National Bank (SNB) would adopt a firmer stance in its next monetary policy meeting. However, if the result is less than 1.4%, it could be an opportunity to take a position against the CHF, as the SNB would be more flexible in its monetary policy.
At 6:30 am, the Initial Jobless Claims data in the United States (Jul/29) will be published. It is expected to increase from 221K to 227K. However, if it decreases to 220K or lower, it could be an opportunity to buy dollars.
Friday, August 4th:
At 6:30 am, the Unemployment Rate (Jul) and Non-Farm Payrolls (Jul) data will be released in the United States. It is expected that the unemployment rate will remain at 3.6% and non-f payarmrolls will decrease from 209K to 200K. However, these data could generate an opportunity to buy dollars if the unemployment rate comes out lower than 3.4% and non-farm payrolls increase to 270K, as this would increase the likelihood of higher inflation in the United States and therefore the probability of an interest rate hike by the Federal Reserve (FED).
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