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01 Aug 2021
3 min read

Economic Calendar Updates – 01/08

Economic Calendar Updates

*OspreyFX would like to state that traders should research extensively before following any information given hereby. Any assumptions made in this article are provided solely for entertainment purposes and not for traders to guide or alter their positions. Please read our Terms & Conditions and Risk Disclosure for more information.

Key Takeaways

  • The most anticipated monthly event, nonfarm payrolls, and jobs data, arriving Friday
  • A slew of PMI reports by several economies on the weekly agenda

The week starting Monday, August 2, marks the first trading week of August, which looks to be relatively quieter after last week’s heavy set of corporate earnings reports by the biggest technology companies in the US. The current week, nevertheless, holds key economic events, among them the anticipated non-farm payrolls and jobs data.

On Monday, to kick off the month, Germany will publish its manufacturing PMI numbers for July at 03:55 am EST. Later, the UK will release its own manufacturing PMI report for July at 04:30 am EST. The US follows with the same data, also for July, at 10:00 am EST.

On Tuesday, the Reserve Bank of Australia will announce its interest rate decision for August followed by a rate statement from the central bank. The event is scheduled for 00:30 am EST. New Zealand will follow in the evening with its employment change report on a quarterly basis for the second quarter. The employment data is set for 06:45 pm EST. Afterward, at 09:30 pm EST, Australia will release its retail sales report for June, on a monthly basis.

More Reports and PMI Data

Wednesday brings the UK’s composite and services PMI data for July at 04:30 am EST. The US releases its non-manufacturing PMI data at 10:00 am EST.

On Thursday, the UK will report its construction PMI data for July at 04:30 am EST. At 07:00 am EST, the Bank of England will reveal its interest rate decision for August.

On Friday, the most important gauge for the health of the US economy is set to arrive. At 08:30 am EST, the US Labor Department will publish the non-farm payrolls report for the month of July. The data will reveal how many Americans have been hired throughout the month. Employers added 850,000 people to the labor market in June. Expectations on Wall Street for July are set for 926,000 new hirings.

Also at 08:30 am EST, the US Labor Department will publish the unemployment rate for July. And Canada is set to report its employment change for July at 08:30 am EST.

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