Economic calendar of Week Ahead July 15th

Hi investors and traders! welcome to our Forex trading Signal and Analysis Site! Here we share, the Global Economic calendar of the Week Ahead July 15th, 2024 in America, Europe, and Asia Stay with us and take profit in the forex trading Market together! TPwithUS signals and analysis are based on Price actions, Gann Angels, and Astrology!

Summary of Economic Calendar of Week Ahead July 15th

Next week, the earnings season will kick into high gear with reports from companies like GS, BlackRock, UnitedHealth, BoA, Morgan Stanley, Charles Schwab, J&J, Netflix, and Amex. Additionally, speeches by several Fed officials, including Chair Powell, are highly anticipated. Economic data releases in the US will include retail sales, industrial production, export and import prices, building permits, and housing starts.

Also, attention will be on China’s Communist Party’s Third Plenum, GDP growth rate, industrial production, retail sales, unemployment rate, and fixed asset investments. Inflation rates will be reported for Canada, the UK, New Zealand, and Japan, while Australia and the UK will release their unemployment rates. Trade balance figures will be closely watched for India, the Euro area, Italy, Japan, and Switzerland. In Germany, the ZEW Economic Sentiment index will be released, and in the UK, key data points will include GfK consumer confidence and retail sales.

America

Earnings season will enter full swing with releases for major companies with market caps over $100M, including Novartis, GS, BlackRock, United Health, BoA, Morgan Stanley, Charles Schwab, Progressive, J&J, Elevance Health, ProLogis, Netflix, Abbott, Intuitive Surgical, Blackstone, Marsh & McLennan, Reliance, and Amex. In the US, retail sales are expected to show no growth last month after a slight 0.1% increase in May, indicating a slowdown in consumer spending. Industrial production is forecasted to increase by a modest 0.3%, down from a revised 0.7% growth.

Key housing market data like building permits, housing starts, and the NAHB housing index will be closely watched. The NY Empire State Manufacturing Index and Philadelphia Fed Manufacturing Index will also be released. Investors will also pay attention to speeches from Fed officials, including Chair Powell at the Economic Club of Washington, D.C. In Canada, CPI is expected to rise by 0.1%, lower than the 0.7% seen in May, while retail sales are predicted to decline by 0.2% following a 0.7% increase.

Europe:

In Europe, the ECB is convening to announce the latest monetary policy decision, with no anticipated changes following June’s rate cuts. Analysts will scrutinize the statement and press conference for hints on the timing of future rate adjustments. Meanwhile, Germany’s ZEW Indicator of Economic Sentiment is projected to dip after eleven consecutive months of growth. Euro Area industrial activity is expected to decline for the second straight month.

In the UK, key reports to watch include the CPI, jobs, and retail sales data. Annual inflation is forecasted to remain at the BoE’s 2% target, with the core rate expected to drop to 3.4%. Unemployment is likely to remain at 4.4%, while wages are forecasted to ease to 5.7%. Retail sales are expected to decline, marking the fourth drop in the past five months. On a positive note, the GfK Consumer Confidence indicator in the UK is expected to reach its highest level since August 2021. Additionally, forthcoming data includes the Euro Area’s final inflation figures, trade balance, and current account; Germany’s producer prices; and Switzerland’s foreign trade.

Asia and Australia:

In Asia, the spotlight will be on the Chinese Communist Party’s Third Plenum and the potential for major reforms by the country’s top policymakers. Policymakers are expected to announce an alternative fiscal system to diversify revenue sources for key budgets and reduce their reliance on land sales, which have plunged in value.

China will also host a busy week for economic releases, with its second-quarter GDP growth expected to slow. Other data includes industrial production, retail sales, the unemployment rate, house prices, and fixed asset investment for June, while the PBoC is expected to hold the rate on its 1-year medium-term lending facility unchanged.

In Japan, markets await June’s inflation rate, trade balance, and July’s Reuters Tankan index. Elsewhere, both India and Indonesia will share their trade balances for June, while the latter is also set to decide on its policy rate.

Lastly, Australia is due to unveil June’s unemployment data and New Zealand will post its second-quarter CPI.