Open trading account 
On Monday, there are PMIs releases for the Eurozone and the US, followed by US Existing Home sales. The Composite PMI for the Eurozone is expected at 57.2 in July from prior 57.4, while for the US, the Services PMI is expected at 54.1 (vs. 54.2 prior) and the Manufacturing PMI at 52.1 (vs. 52.0 prior). US Existing Home Sales for June are expected at 5.57M from prior 5.62M.
On Tuesday, all 3-metrics committed with the IFO Index for the German economy are expected to turn softer in July from June and the US Consumer Confidence Index is expected to decrease in July to 116 from 118.9 in June. Later in the session, the New Zealand Trade Balance is expected to unveil a monthly surplus of 100M in June.
On Wednesday, quarterly Australian CPI YoY is expected to rise in the 2nd quarter to 2.2% from prior 2.1%. In the European session, the UK Q2 GDP first estimate will drive attentions, growth is expected to decelerate to 1.7% on an annualized basis (from prior 2.0%), with retail spending dragged by rising inflation and subdued average pay growth. US MBS Mortgage Applications and New Home Sales will likely be obfuscated by the following Federal Open Market Committee Rate Decision.
On Thursday, Eurozone Retail Sales for June are expected to grow 2.7% on an annualized basis, while on the other side of the Atlantic, US Durable Goods Orders are expected to rebound in June 3.5% over a prior 0.8% contraction. US Jobless Claims will also be updated as well as Kansas City Fed Mfg. Activity for July. Japan will update labour market data and its unemployment rate is expected to decrease to 3.0% in June from prior 3.1%; the National Japanese CPI YoY is expected at 0.4% in June and unchanged from May’s report.
On Friday, Eurozone CPI YoY is expected at 1.5% in July, slightly lower than 1.6% gathered in June, followed by the GDP report for Canada, where growth is expected at 4.2% in May on an annualized basis. For the US, there are important data set to be released; the first estimate for the Q2 GDP, expected at 2.5% over 1.4% in Q1; Personal Consumption Expenditures and core Personal Consumption Expenditures for the Q2 and the US Michigan Consumer Sentiment Index for July expected at 93.1.
On Tuesday, all 3-metrics committed with the IFO Index for the German economy are expected to turn softer in July from June and the US Consumer Confidence Index is expected to decrease in July to 116 from 118.9 in June. Later in the session, the New Zealand Trade Balance is expected to unveil a monthly surplus of 100M in June.
On Wednesday, quarterly Australian CPI YoY is expected to rise in the 2nd quarter to 2.2% from prior 2.1%. In the European session, the UK Q2 GDP first estimate will drive attentions, growth is expected to decelerate to 1.7% on an annualized basis (from prior 2.0%), with retail spending dragged by rising inflation and subdued average pay growth. US MBS Mortgage Applications and New Home Sales will likely be obfuscated by the following Federal Open Market Committee Rate Decision.
On Thursday, Eurozone Retail Sales for June are expected to grow 2.7% on an annualized basis, while on the other side of the Atlantic, US Durable Goods Orders are expected to rebound in June 3.5% over a prior 0.8% contraction. US Jobless Claims will also be updated as well as Kansas City Fed Mfg. Activity for July. Japan will update labour market data and its unemployment rate is expected to decrease to 3.0% in June from prior 3.1%; the National Japanese CPI YoY is expected at 0.4% in June and unchanged from May’s report.
On Friday, Eurozone CPI YoY is expected at 1.5% in July, slightly lower than 1.6% gathered in June, followed by the GDP report for Canada, where growth is expected at 4.2% in May on an annualized basis. For the US, there are important data set to be released; the first estimate for the Q2 GDP, expected at 2.5% over 1.4% in Q1; Personal Consumption Expenditures and core Personal Consumption Expenditures for the Q2 and the US Michigan Consumer Sentiment Index for July expected at 93.1.
