All trading involves risk. Ensure you understand those risks before trading.
All trading involves risk. Ensure you understand those risks before trading.
Economic calendar
Unemployment figures, company earnings reports and elections – keep track of key announcements and other events that could affect the markets.
Monday 11 August to Sunday 17 August
RBA rate decision
Tuesday, August 12
05:30 BST
The Reserve Bank of Australia held rates steady at 3.85% in July, defying forecasts for a cut. The RBA said strength in labour market was among the reasons for the surprise hold. However, since that meeting data has been largely weaker. Employment in June rose by just 2K and the unemployment rate jumping to 4.3% from 4.1%. Though retail sales and building approvals came in better, CPI rose by less than forecast falling to 1.9% y/y from 2.1%. This means a rate cut is now fulling expected.
What to watch: AUD, Australia 200
US CPI
Tuesday, August 12
13:30 BST
Soft jobs data has raised speculation that the Fed has little choice but to cut rates in September and follow that up with another one in October, with December meeting being a coin flip. The Fed’s other mandate is to keep prices stable. With concerns that Trump’s tariffs will boost inflation, let’s see if CPI has already started to heat up again after printing below forecasts in the last 5 months.
What to watch: USD, Gold
UK GDP
Thursday, August 14
07:00 BST
Following the surprisingly hawkish Bank of England rate cut last week, the MPC doves will be wanted to see evidence of an economic slowdown, otherwise the odds of a further rate cut this year will continue to tumble. As well as monthly and quarterly GDP figures, we will have construction output, manufacturing production and a few other indicators to look forward to on Thursday.
