The result of the Fed’s July assembly, Chair Warsh’s cautious remarks on the press convention, and the combined July US labor market report have left buyers trying to find contemporary alerts. Market members are awaiting new macroeconomic information to higher assess the outlook for the Federal Reserve’s financial coverage—and, consequently, the route of the US greenback and main monetary property.
The important thing launch this week would be the US client worth index report on Wednesday, which might present essential clues concerning the future trajectory of rates of interest.
Between August 10 and 16, buyers may even concentrate on main financial information from Germany, the USA, New Zealand, and the UK, the result of the RBA assembly, and developments within the Center East battle.
Observe: Through the coming week, new occasions could also be added to the calendar, and/or some scheduled occasions could also be canceled. GMT time.
The article covers the next topics:
Main Takeaways
- Monday: None scheduled.
- Tuesday: RBA Curiosity Charge Resolution.
- Wednesday: German Harmonized Index of Client Costs (HICP), US Client Worth Index (CPI).
- Thursday: RBNZ Inflation Expectations, UK GDP, US Producer Worth Index (PPI).
- Friday: US Retail Gross sales, UoM Client Sentiment Index.
- Key occasion: US Client Worth Index (CPI).
Monday, August 10
There are not any essential macroeconomic statistics scheduled for launch.
Tuesday, August 11
04:30 – AUD: Reserve Financial institution of Australia’s Curiosity Charge Resolution. RBA Accompanying Assertion
The Australian financial system’s main challenges embrace sluggish wage progress, a weak labor market, and a slowdown in progress charges.
At its February 2026 assembly, the Reserve Financial institution of Australia raised rates of interest by 0.25%, the primary improve since December 2025. In Might, the speed was raised once more to 4.35%. The Australian greenback strengthened after these choices, though the hikes had been largely anticipated by the market. RBA Governor Michele Bullock stated after the assembly that inflation stays too excessive and can take extra time to return to focus on ranges. She additionally burdened that future coverage choices will rely on incoming information. Total, the chance of charges staying excessive or rising additional stays, supporting the Australian greenback.
Previous to and after the choice, RBA officers didn’t rule out the potential for additional coverage tightening if new indicators of client inflation emerged.
The RBA could elevate rates of interest once more on the upcoming assembly, given the sharp rise in power costs, significantly oil, ensuing from the navy battle between the US, Israel, and Iran, inflicting inflation to speed up.
Within the accompanying assertion, the RBA will clarify the explanations for the speed resolution. If the RBA alerts the potential for financial easing within the close to time period, the dangers of the Australian greenback depreciating will improve. Conversely, the hawkish rhetoric of the RBA’s accompanying assertion could result in a strengthening of the Australian greenback.
05:30 – AUD: RBA Press Convention
Michele Bullock will assess the present state of Australia’s financial system and description her division’s financial coverage plans. Market members anticipate her insights on the central financial institution’s insurance policies amid international recessionary developments and elevated inflation ranges in Australia. Any alerts concerning her plans to regulate the RBA’s financial coverage parameters will trigger a volatility surge within the Australian foreign money and inventory market.
Wednesday, August 12
06:00 – EUR: German Harmonized Index of Client Costs (Remaining Estimate)
The Harmonized Index of Client Costs (HICP) is revealed by the European Statistics Workplace and is calculated utilizing a strategy agreed upon by all EU international locations. The HICP is an indicator for measuring inflation and is utilized by the European Central Financial institution to evaluate worth stability. A optimistic index end result strengthens the euro, whereas a damaging one weakens it.
Earlier values: +2.4%, +2.7%, +2.9%, +2.8%, +2.0%, +2.1% in January 2026, +2.0%, +2.6%, +2.3%, +2.4%, +2.1%, +1.8%, +2.0%, +2.1%, +2.2%, +2.3%, +2.6%, +2.8% in January 2025.
The information point out that inflation stays excessive and even accelerates periodically, which, in flip, is forcing the ECB to tighten its financial coverage, particularly given the dangers of recession within the Eurozone.
If the index worth seems to be decrease than the earlier one, the euro could weaken. Conversely, if inflation resumes rising, the euro could strengthen. A rise within the index is a optimistic issue for the euro.
If the July studying proves increased than the earlier one, the euro could admire within the brief time period.
The preliminary estimate stood at +2.8%.
12:30 – USD: US Client Worth Index
The Client Worth Index (CPI) measures the change in costs of a particular basket of products and providers over a given interval. It’s a key indicator for assessing inflation developments and adjustments in client preferences. Meals and power are excluded from the Core CPI to offer a extra correct evaluation.
A excessive index studying sometimes strengthens the US greenback by signaling an elevated chance of the Fed rate of interest hike, whereas a low studying usually weakens the foreign money.
Earlier values YoY:
- CPI: +3.5%, +4.2%, +3.8%, +3.3%, +2.4% in February and January 2026, +2.7% in December 2025, +2.7%, +3.0%, +2.9%, +2.7%, +2.7%, +2.4%, +2.3%, +2.4%, +2.8%, +3.0% in January 2025, +2.9%, +2.7%, +2.6%, +2.4%, +2.5%, +2.9%, +3.0%, +3.3%, +3.4%, +3.5%, +3.2%, +3.1%, +3.4%, +3.1%, +3.2%, +3.7%, +3.7%, +3.2%, +3.0%, +4.0%, +4.9%, +5.0%, +6.0%, +6.4% in January 2023;
- Core CPI: +2.6%, +2.9%, +2.8%, +2.6%, +2.5% in February and January 2026, +2.6% in December 2025, +2.6%, +3.0%, +3.1%, +3.1%, +2.9%, +2.8%, +2.8%, +2.8%, +3.1%, +3.3% in January 2025, +3.2%, +3.3%, +3.3%, +3.3%, +3.2%, +3.2%, +3.3%, +3.4%, +3.6%, +3.8%, +3.8%, +3.9%, +3.9%, +4.0%, +4.0%, +4.1%, +4.3%, +4.7%, +4.8%, +5.3%, +5.5%, +5.6%, +5.5%, +5.6% in January 2023.
The figures point out renewed inflationary strain, which economists attribute primarily to rising power costs amid the unrest within the Center East and across the Strait of Hormuz. Though that is considerably decrease than the degrees seen in 2022—when US annual inflation reached a 40-year peak of 9.1% in June—the Fed continues to prioritize bringing inflation sustainably again to its 2.0% goal whereas supporting financial progress and sustaining labor market stability.
US inflation stays effectively above the Fed’s 2% goal, forcing the central financial institution to maintain rates of interest excessive or take a pause to evaluate the financial and labor market scenario if the discount happens.
If the information factors to a decline in inflation or is available in weaker than anticipated, the greenback will most certainly decline briefly. If the numbers surpass expectations and former readings, the dollar will strengthen, as this situation would heighten the probabilities that the Fed will hold rates of interest elevated for longer or resume its cycle of financial coverage tightening.
Thursday, August 13
03:00 – NZD: Inflation Expectations of the Reserve Financial institution of New Zealand for Q3
The indicator measures shoppers’ expectations concerning annual inflation over the subsequent 24 months. A rise in these expectations can considerably affect the chance of an rate of interest hike. A excessive indicator worth is a optimistic issue for the New Zealand greenback.
Earlier values QoQ: +2.53 in Q2, +2.37% in Q1 2026, +2.28% in This autumn 2025, +2.28% in Q3 2025, +2.29% in Q2 2025, +2.06% in Q1 2025, +2.12% in This autumn 2024, +2.03%, +2.33%, +2.50% in Q1 2024, +2.76%, +2.83%, +2.79%, +3.3%, +3.62% in This autumn 2022.
06:00 – GBP: UK GDP for Q2 2026 (Preliminary Estimate)
GDP is seen as an indicator of the UK financial system’s situation. The rising GDP indicator is taken into account optimistic for the British pound. The UK GDP price was one of many highest on the earth till 2016, when the Brexit referendum occurred. Subsequently, its progress decelerated, and with the onset of the COVID-19 pandemic, the UK GDP price dropped.
The preliminary estimate for Q2 implies that UK GDP has risen once more. Total, it is a optimistic issue for the British pound.
Earlier GDP figures: +0.6% in Q1 2026, +0.1% in This autumn 2025, +0.1% in Q3, +0.2% in Q2, +0.7% in Q1 2025, +0.3% in This autumn 2024, +0.2% in Q3, +0.6% in Q2, +0.8% in Q1 of 2024.
The important thing components that will pressure the Financial institution of England to maintain the speed low embrace weak GDP, gradual labor market progress, and low client spending. Ought to the GDP information fall considerably beneath earlier values, the pound will face downward strain. Conversely, excessive GDP readings will bolster the foreign money.
12:30 – USD: Producer Worth Index (PPI)
The Producer Worth Index (PPI) measures the typical change in wholesale costs decided by producers in any respect phases of manufacturing. The index is without doubt one of the main inflation indicators in the USA, estimating the typical change in wholesale producer costs.
Rising manufacturing prices improve wholesale promoting costs, which finally boosts inflation. In regular financial situations, rising inflation often places upward strain on the nationwide foreign money, implying a tighter central financial institution financial coverage.
Earlier figures: -0.3% (+5.5% YoY), +0.6% (+6.0% YoY), +1.1% (+5.7% YoY), +0.7% (+4.3%), +0.5% (+3.4% YoY), +0.6% (+3.1% YoY) in January 2026, +0.4% (+3.2% YoY) in December 2025, +0.4% (+3.1% YoY), +0.1% (+2.8% YoY), +0.6% (+3.0% YoY), -0.2% (+2.7% YoY), +0.8% (+3.2% YoY), +0.1% (+2.4% YoY), +0.4% (+2.7% YoY), -0.3% (+2.4% YoY), -0.2% (+3.2% YoY), +0.1% (+3.4% YoY), +0.7% (+3.8% YoY) in January 2025.
If the information exceeds the forecasted worth, the US greenback will probably strengthen. Conversely, if the information falls beneath forecasted and former values, this may exert strain on the Fed. This might result in the Fed’s financial coverage easing, which is able to negatively influence the US greenback.
Friday, August 14
12:30 – USD: US Retail Gross sales. Retail Gross sales Management Group
This Census Bureau report on retail gross sales displays the overall gross sales of US retailers of all sizes and kinds. The change in retail gross sales is a key indicator of client spending. The report is a number one indicator, and the information could also be topic to vital revisions sooner or later. Excessive indicator readings strengthen the US greenback, whereas low readings weaken it. A relative decline within the indicator could have a short-term damaging influence on the US greenback, whereas an increase within the indicator will positively influence the foreign money.
In June 2026, the worth stood at +0.2% after +1.0%, +0.4%, +1.6%, +0.7%, -0.1%, 0% in December 2025, +0.5% in November, -0.2% in October, +0.1% in September, +0.5% in August, +0.6% in July, +1.0%, -0.8%, -0.2%, +1.7%, 0%, -0.8% in January 2025.
Retail gross sales are the principle indicator of client spending in the USA, exhibiting the change within the retail trade.
Retail gross sales function an indicator of home consumption, contributing probably the most to the US GDP and being one of many principal components influencing inflation. Deterioration of the indicator values is a damaging issue for the US greenback. Inflation deceleration could immediate the Fed to start the method of financial coverage easing.
The Retail Management Group indicator gauges quantity within the retail trade and is used to calculate worth indexes for many items. Excessive readings strengthen the US greenback, whereas low readings weaken the foreign money. A slight improve within the figures is unlikely to spice up the greenback. If the information is decrease than the earlier readings, the greenback could also be negatively impacted within the brief time period. Earlier values: +0.5%, +0.8%, +0.5%, +0.8%, +0.6%, +0.5%, 0%, +0.2%, +0.5%, -0.2%, +0.7%, +0.5%, +0.9%, +0.3%, 0%, +0.2%, +1.3%, -0.9% in January 2025.
14:00 – USD: College of Michigan Client Sentiment Index (Preliminary Launch)
This indicator displays American shoppers’ confidence within the nation’s financial improvement. A excessive studying signifies financial progress, whereas a low one factors to stagnation. Earlier indicator values: 55.2, 49.5, 44.8, 49.8, 53.3, 56.6, 56.4 in January 2026, 52.9 in December 2025, 51.0 in November, 53.6 in October, 55.1 in September, 58.2 in August, 61.7 in July, 60.7 in June, 52.2 in Might and April, 57.0 in March, 64.7 in February, 71.1 in January 2025. A rise within the indicator will strengthen the US greenback, whereas a lower will weaken the foreign money. The information exhibits that the restoration of this indicator is uneven, which is unfavorable for the dollar. A decline beneath earlier values will probably negatively influence the US greenback within the close to time period.
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