In this article, you will be informed about the important news of the Forex market in the period from August 8 to 14, 2021. News has a direct impact on price movements and is one of the most important factors in short-term fundamental analysis for traders. Stay tuned to Adaas Investment for Forex News – The second week of August 2021.
The German Trade Balance Index is released at 02:00 a.m. US time. Experts forecast 13.4 billion for this index, while in the previous report, the number was 12.8 billion. A number above 12.8 and close to the forecast will increase the price of the euro.
At 10:00 a.m. US time, Atlanta Federal Reserve Chairman Rafael Bostick will talk about future monetary policy.
At the same time, a survey is conducted by the US Department of Labor to calculate job vacancies without an employee. In the previous report, this index was published at 9.438 million and experts have predicted the number at 9.281 million. If the numbers show more numbers than the previous period, there is an upward support pulse for the US dollar.
At 18:45 the e-card sales index will be released by retailers for New Zealand. In the previous report, the figure was 0.8%, which will be a bullish support for the New Zealand dollar if new figures are released.
The UK Retail Consortium Index will be released at 07:00 p.m. In the previous report, a figure of 6.7% was recorded for this index, which in case of publishing a higher number, could be an upward support for the British pound.
At 19:50 for Japan, current account list indexes are set and current accounts are published. In the previous report, the numbers were 1.87 and 1.980 trillion, respectively. A higher support for the Japanese yen if higher numbers are released in the new report.
At 11:30 a.m. US time, a new home sales index for Australia will be released. In the previous report, the index recorded 14.8% and if a higher number is released, it is an upward support for the Australian dollar.
At 5:00 a.m. for Germany, forecasts for the next six months and a summary of economic growth expectations will be released simultaneously by banks, insurance companies and financial market analysts. In the previous report, the numbers 21.9 and 63.3 were published, respectively, which is an upward support for the Euro in case of higher numbers.
At 8:30 a.m. for the United States, non-farm productivity indicators and unit labor costs, excluding the agricultural industry, are released. In previous reports, the numbers were 5.4% and 1.7%, respectively, and if higher numbers are released, it is an upward support for the US dollar.
At 12:00 o’clock, a short-term energy outlook is provided by the US Energy Information Administration on Energy Markets.
At 16:30, the US crude oil and gasoline inventory index will be released. In the previous report, a negative number of 0.879 million was published, which is a positive support for the US dollar if a higher number is published.
The Consumer Sentiment Index for Australia will be released at the end of Saturday at 20:30. In the previous report, a figure of 1.5% was published, which, if we see an increase in this number, will form an upward support for the Australian dollar.
For Japan, there is no news throughout the day due to the holidays.
At 02:00 o’clock for Germany, the consumer price index will be published. In the previous report, the figure was 0.9%, and if a higher number is released, it is an uptrend for the euro.
For Italy, the same index will be published at 04:00. In the previous report, the number 0.3% was published, which if the higher number is published, the same behavior is possible for the euro.
At 08:30, 3 main consumer price indices, YoY and MoM, as well as the MoM consumer price index, will be released for the United States. For these indicators, 4.5%, 0.9% and 0.9% have been published in previous reports, respectively, and higher numbers can be considered a positive upward support for the US dollar.
For the United States, at 10:30 a.m., two indices of crude oil inventories and changes in the number of barrels of crude oil stored in Cushing, Oklahoma are released. Previous reports have shown 3.626 million and negative 0.543 million, respectively, with rising numbers for the US dollar as a positive support.
At 14:00, the Federal Budget Balance Index for the United States will be released. In a previous report, the index recorded a negative number of 174 billion, which is a positive support for the US dollar if positive uptrends are released.
At 21:30, the wage price index for Australia will be released. In the previous report, the figure was 0.6%, which is a positive support for the Australian dollar.
At the end of Saturday, at 23:00, the New Zealand Inflation Expectations Index will be released. In the previous report, the number was published at 2.1%, and if the number is published better than expected, it is a positive support for the New Zealand dollar.
At 00:30 in the morning, the Industrial Production Index will be released for Japan. In the previous report, the figure was 6.2%, which, if increased in the new report, will be considered an uptrend for the Japanese yen.
At 02:00 AM, 7 reports will be released for the UK:
At 8:30 a.m. Wednesday, three reports will be released for the United States.
At 21:30, 2 reports will be released for Australia.
At 02:45 in the morning for France, the monthly consumer price index is published, which recorded 0.1% in the previous report, and if the statistics improve, it is considered a positive support for the euro.
Other news for the euro currency will be published at 05:00 in the morning, which is the trade balance of the whole EU and in its previous report recorded 7.5 billion, which will have a positive impact on the strength of the euro if it increases.
At 8:30 a.m., two U.S. monthly export and import index news items were released, recording 1.2% for exports and 1.0% for imports in their previous report, respectively. And if the numbers improve, it is a support pulse for the US dollar.
At 10 a.m., two indicators of consumer expectations and sentiment for the state of Michigan will be released, which in their previous report recorded the numbers 79.0 and 81.2, respectively.
At 13:00, the Baker Hughes oil rig, an important commercial barometer for the oil drilling industry, and the total number of Baker Hughes American sandstones will be released for the United States. In previous reports, they have recorded the numbers 385 and 488, respectively, and with the improvement of the numbers, they form a good support for the US dollar.
At 15:30, the two commodity futures report indices of the Commodity Futures Commission for the UK and crude oil trading positions for the United States are released, with negative numbers of 0.1K for the UK and 430.5K for the US in the previous report, respectively.
Also at 15:30 for the United States, the net value of gold, Nasdaq 100, and S&P 500 trade positions will be released, with 196.3K for gold and -1.5K for Nasdaq and 41.3K for S&P 500 in previous reports, respectively.
At the same time, at 15:30 for Australia, Japan and the European Union, the value of futures positions will be announced, which are -41.3K for Australia and -55.2: for Japan and 38.0K for the European Union, respectively, recorded in previous reports. And improving the statistics for each will lead to upward support for them.
At Adaas Capital, we hope that by reading this article you will be fully aware about the most important forex news in the August’s second week of 2021. You can help us improve by sharing the article which is published in Adaas Investment Magazine and help optimize this article by submitting your comments.