The Week Ahead in FX

In the week ahead, investors will be continuing to monitor geopolitical risk, while preliminary data on second quarter growth from the euro zone and Japan will be closely watched. Markets watchers will also be looking ahead to Wednesday’s inflation report from the Bank of England and the U.S. report on retail sales.

Monday, August 11

Japan is to release data on tertiary industry activity. Switzerland is to publish data on retail sales, the government measure of consumer spending, which accounts for the majority of overall economic activity. Later in the day, Canada is to release data on housing starts.

Tuesday, August 12

Australia is to release reports on business confidence and house prices. The U.K. is to release private sector data on retail sales. The ZEW Institute is to release its closely watched report on German economic sentiment, a leading indicator of economic health.

Wednesday, August 13

The Bank of Japan is to publish the minutes of its latest policy meeting, which contain valuable insights into economic conditions from the bank’s perspective. Japan is to publish preliminary data on gross domestic product, the broadest indicator of economic activity and the leading measure of the economy’s health. Australia is to publish data on consumer sentiment and the wage price index. China is to release a report on industrial production. The U.K. is to publish data on the change in the number of people employed and the unemployment rate, as well as data on average earnings. Later in the day, the BoE is to publish its quarterly inflation report and Governor Mark Carney is to speak. The ZEW Institute is to publish a report on economic expectations in Switzerland, a leading indicator of economic health. The euro zone is to release data on industrial production. The U.S. is to publish data on retail sales and business inventories.

Thursday, August 14

New Zealand is to release data on retail sales as well as a private sector report on manufacturing activity. Japan is to publish data on machinery orders. The euro zone is to publish preliminary data on gross domestic product, in addition to revised data on consumer price inflation. Elsewhere in Europe, Switzerland is to release data on producer price inflation. Canada is to produce data on new house price inflation. The U.S. is to release the weekly report on initial jobless claims.

Friday, August 15

The U.K. is to release revised data on GDP growth. Canada is to publish data on manufacturing sales. The U.S. is to round up the week with reports on manufacturing activity in New York state and industrial output, as well as preliminary data on consumer sentiment.