Weekly outlook / Top 10 forex events: August 23-27

NEW YORK (Forex News Now) – The FNN team has prepared a list of the top 10 economic events most likely to impact the global forex market and make FX news during the coming week, August 23-27.

All times are given in GMT.

1. Manufacturing, services PMIs (EUR): Monday – The market research group market is due to publish this important data on activity in the euro zone services and manufacturing sectors in August.
2. Inflation expectations (NZD): Tuesday – The Reserve Bank of New Zealand is set to release this data, which measures the percentage that business managers expect the price of goods and services to change annually during the next 2 years, for the second quarter.
3. Core retail sales (CAD): Tuesday – Canada’s statistics agency is set to release this data, which is a key indicator of consumer spending, for June. The “core” report excludes automobile sales.
4. Home resales (USD): Tuesday – The National Association of Realtors, a trade group, is to publish this report on the sales of previously owned U.S. homes in July.
5. Ifo German business climate (EUR): Wednesday – The Ifo research institute is to publish this important report on business sentiment in the euro zone’s largest economy in August.
6. Core durable goods orders (USD): Wednesday – The Census Bureau is scheduled to value of orders placed with U.S. manufacturers for relatively long-lasting goods, excluding transportation, in July.
7. New home sales (USD): Wednesday – The Census Bureau is due to publish this key repot on the number of new single-family U.S. homes in July.
8. Initial jobless claims (USD): Thursday – The Department of Labor is due to release this report on the number of workers who filed new claims for jobless benefits during the previous week.
9. Revised gross domestic product (GBP): Friday – Britain’s statistics agency is due to publish this revised GDP data for second quarter, the primary measure of the country’s overall economic output.
10. Preliminary gross domestic product (USD): Friday – The Bureau of Economic Analysis is slated to release its estimate of U.S. GDP for the second quarter.

Also next week: By the start of trading, Australia’s election will be over and the results of the tightly fought race may have a significant effect on the Australian dollar.