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Economic Calendar

Forex Economic Calendar: Key Events to Watch (August 19 – 23, 2024)

By August 17, 2025No Comments

The forex market reacts strongly to economic data releases, central bank announcements, and geopolitical events. To keep you informed, we’ve gathered the key events planned for next week that could affect currency pairs, market fluctuations, and trading opportunities.

Monday, August 19, 2024

  • EUR: Eurozone Consumer Confidence (Preliminary) – A gauge of economic sentiment in the Eurozone.
  • USD: Fed Speaker (TBD) – Any hints on interest rate policy could move the dollar.
  • GBP: Bank of England Governor Speech – Potential clues on UK monetary policy.

Tuesday, August 20, 2024

  • AUD: RBA Meeting Minutes – Insights into Australia’s interest rate outlook.
  • GBP: UK Employment Data (Unemployment Rate, Average Earnings) – Key for GBP pairs.
  • USD: US Retail Sales (MoM) – A major indicator of consumer spending and economic health.
  • CAD: Canada CPI Inflation (YoY) – Could influence BoC rate expectations.

Wednesday, August 21, 2024

  • JPY: Bank of Japan (BoJ) Monetary Policy Statement & Press Conference – Potential JPY volatility.
  • GBP: UK CPI Inflation (YoY) – A critical release for GBP traders.
  • EUR: ECB President Lagarde Speech – Any hints on Eurozone rate cuts?
  • USD: Fed Chair Powell Speech – Market-moving potential for the USD.

Thursday, August 22, 2024

  • NZD: New Zealand GDP (QoQ) – Impacts NZD pairs.
  • EUR: Eurozone PMI Data (Manufacturing & Services) – Gauges economic activity.
  • USD: US Jobless Claims & Philly Fed Manufacturing Index – Short-term USD moves.

Friday, August 23, 2024

  • JPY: Japan National CPI Inflation – BoJ policy implications.
  • GBP: UK Retail Sales (MoM) – Consumer spending insights.
  • CAD: Canada Retail Sales (MoM) – CAD volatility possible.
  • USD: US Existing Home Sales – Housing market indicator.

Key Takeaways for Traders:

  1. USD Strength? Watch Fed speeches (Powell) and US retail sales for dollar direction.
  2. GBP Volatility: UK jobs, inflation, and retail sales could swing the pound.
  3. BoJ & JPY Moves: Any shift in BoJ policy may trigger sharp yen movements.
  4. Commodity Currencies (AUD, NZD, CAD): Keep an eye on GDP, CPI, and retail sales data.

Stay tuned for updates, as unexpected news or geopolitical events can shift market sentiment rapidly.

 

SOURCE: riveraglam.com