Monday, July 17th
At 8:30 AM, the NY Empire State Manufacturing Index will be released. This figure, a key indicator of economic health, can influence the market sentiment towards the USD; a higher reading is generally seen as bullish, while a lower reading is seen as bearish.
At 11:30 AM, the US Treasury will auction 3-Month and 6-Month Bills. The outcomes of these auctions can significantly impact short-term interest rates and, subsequently, the value of the dollar. A higher yield is typically bullish for the dollar, signaling stronger demand for US assets.
Tuesday, July 18th
Tuesday will feature the release of Core Retail Sales and Retail Sales for June. These data points can give significant insights into consumer spending, which is a major driver of the US economy. Changes in these figures can sway the market’s view of economic health.
At 9:15 AM, key industrial data, including the Capacity Utilization Rate and Industrial Production for June, will be released. These figures offer valuable insight into the health of the manufacturing sector.
At 10:00 AM, the NAHB Housing Market Index for July will be released. Depending on the reading, this can influence market sentiment regarding the dollar and the overall health of the housing market.
Also on Tuesday, the US Foreign Buying, T-bonds data will be released. This figure gives an idea of the international demand for US securities and can impact the value of the dollar and long-term interest rates.
Wednesday, July 19th
At 8:30 AM, Housing Starts and Building Permits for June will be released. These indicators provide important insights into the strength of the housing market. Changes in these figures can significantly impact market sentiment and the USD.
At 10:30 AM, the Crude Oil Inventories will be published. This data significantly impacts oil prices, inflation, and economic growth, and can influence market sentiment towards the USD.
Thursday, July 20th
At 8:30 AM, The Department of Labor will release the latest data on Initial Jobless Claims. This data gives an indication of the pace of the U.S. labor market recovery. Changes in jobless claims can impact investor confidence and the stock market.
At 10:00 AM, The U.S. Census Bureau will release the report on Existing Home Sales for June. The housing market data is a key indicator of economic health, and changes in home sales can influence real estate and home construction stocks. Additionally, robust housing data can potentially indicate broader consumer confidence, affecting various sectors.
This week is filled with important indicators that will provide insight into the health of the US economy. Given the current uncertainties surrounding inflation, these releases could have a significant impact on the markets and the Federal Reserve’s policy stance. As always, investors are encouraged to monitor these events closely, as unexpected results can lead to volatility in the financial markets.
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Disclaimer: This article is intended for informational purposes only. It should not be considered financial or investment advice. Always consult with a certified financial professional before making any significant financial decisions.
