Here's the Economic Calendar for the week commencing the 2nd of August 2010. This week there's US ISM PMI for July, following China's weekend release of their PMI numbers. On the monetary policy front, there's the RBA, BoE, and ECB all meeting this week to review policy settings. It's also a big employment numbers week, with the US (nonfarm payrolls), Canada, and New Zealand releasing their recent employment statistics.
(More commentary follows the table)
| Day | Time (GMT) | Code | Event/Release | Forecast | Previous |
| MON | 03:00 | NZD | ANZ Commodity Price (JUL) | -1.2% | |
| MON | 08:30 | GBP | Purchasing Manager Index Manufacturing (JUL) | 57.5 | |
| MON | 14:00 | USD | ISM Prices Paid (JUL) | 57 | |
| MON | 14:00 | USD | ISM Manufacturing (JUL) | 56.2 | |
| MON | 14:00 | USD | Construction Spending (MoM) (JUN) | -0.2% | |
| TUE | 01:30 | AUD | Retail Sales s.a. (MoM) (JUN) | 0.2% | |
| TUE | 04:30 | AUD | Reserve Bank of Australia Rate Decision (AUG 3) | 4.50% | 4.50% |
| TUE | 09:00 | EUR | Euro-Zone Producer Price Index (MoM) (JUN) | 0.3% | |
| TUE | 09:00 | EUR | Euro-Zone Producer Price Index (YoY) (JUN) | 3.1% | |
| TUE | 12:30 | USD | Personal Consumption Expenditure (YoY) (JUN) | 1.3% | |
| TUE | 12:30 | USD | Personal Income (JUN) | 0.30% | 0.4% |
| TUE | 12:30 | USD | Personal Spending (JUN) | 0.20% | 0.2% |
| TUE | 12:30 | USD | Personal Consumption Expenditure (MoM) (JUN) | 0.20% | 0.2% |
| TUE | 21:00 | USD | Domestic Vehicle Sales (JUL) | 8.57M | |
| TUE | 21:00 | USD | Total Vehicle Sales (JUL) | 11.08M | |
| WED | 01:30 | AUD | Trade Balance (Australian dollar) (JUN) | 1645M | |
| WED | 01:30 | AUD | House Price Index (QoQ) (2Q) | 4.8% | |
| WED | 09:00 | EUR | Euro-Zone Retail Sales (MoM) (JUN) | 0.2% | |
| WED | 09:00 | EUR | Euro-Zone Retail Sales (YoY) (JUN) | 0.3% | |
| WED | 14:00 | USD | ISM Non-Manufacutring Composite (JUL) | 53.8 | |
| WED | 22:45 | NZD | Employment Change (QoQ) (2Q) | 1.0% | |
| WED | 22:45 | NZD | Unemployment Rate (2Q) | 6.0% | |
| THU | 01:30 | AUD | Reserve Bank Quarterly Monetary Policy Statement | ||
| THU | 11:00 | GBP | Bank of England Rate Decision (AUG) | 0.50% | 0.50% |
| THU | 11:00 | GBP | Bank of England Asset Purchase Target AUG | 200B | 200B |
| THU | 11:45 | EUR | European Central Bank Rate Decision (AUG) | 1.00% | 1.00% |
| FRI | 04:00 | GBP | NIESR Gross Domestic Product Estimate (JUL) | 0.7% | |
| FRI | 08:30 | GBP | Producer Price Index Input n.s.a. (YoY) (JUL) | 10.7% | |
| FRI | 08:30 | GBP | Industrial Production (YoY) (JUN) | 2.6% | |
| FRI | 08:30 | GBP | Producer Price Index Output n.s.a. (YoY) (JUL) | 5.1% | |
| FRI | 09:00 | EUR | Italian Gross Domestic Product (QoQ) (2QP) | 0.4% | |
| FRI | 09:00 | EUR | Italian Gross Domestic Product (YoY) (2Q P) | 0.5% | |
| FRI | 10:00 | EUR | German Industrial Production (YoY) (JUN) | 12.4% | |
| FRI | 11:00 | CAD | Unemployment Rate (JUL) | 7.9% | |
| FRI | 11:00 | CAD | Net Change in Employment (JUL) | 93.2K | |
| FRI | 12:30 | USD | Unemployment Rate (JUL) | 9.5% | |
| FRI | 12:30 | USD | Change in Non-farm Payrolls (JUL) | -125K | |
| FRI | 14:00 | CAD | Ivey Purchasing Managers Index (JUL) | 58.9 | |
| FRI | 19:00 | USD | Consumer Credit (JUN) | -$9.1B |
One of the key statistics out this week will be the ISM Purchasing Manager Index for July. This will be one to watch closely for more clues on how things are tracking 1 month into the second half of this year. It will also be interest to see in the context of China just releasing their PMI number in the weekend; recording 51.2, down from 52.1, as seasonal and government factors put the brakes on activity slightly.
In monetary policy it is likely to be a boring week in spite of the three high profile central banks meeting this week. The RBA is unlikely to increase the interest rate, instead opting to wait and see. The Bank of England wont be tightening just yet (and further easing is pretty low probability). The ECB will likewise just sit on their hands, but of course the accompanying statement will be very informative as usual.
On the employment front, the much watched US nonfarm payrolls figure will also add further clues to the state of the US economy - will we see a pick up? or will further signs of a double-dip show through? Canada will also report, but is in a better position than the US. New Zealand will also release its quarterly employment report, and will likely show further improvement.
Elsewhere, statistics releases of interest this week include; US consumer credit (a good update on this sector - expect continued weakness), Aussie retail sales and EU retail sales, producer price index for the EU and UK, and Italian Q2 GDP - as well as the July estimate for the UK; there's also the US personal consumption expenditure report.
So as always, have a great week, watch out for surprises, and stay tuned for updates...
Sources
DailyFX www.dailyfx.com/calendar
Forex Pros www.forexpros.com/economic-calendar/
Forex Factory www.forexfactory.com/calendar.php
Bloomberg www.bloomberg.com
+various statistics websites and central bank websites for verification
Article Source: http://www.econgrapher.com/2aug-calendar.html
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