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11 Jul 2021
3 min read

Economic Calendar Updates – 11/07

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

  • Inflation data coming from major economies
  • Interest rate decisions by the Bank of Canada and New Zealand’s central bank

The week starting Monday, July 12, is packed with market-moving data that would be anticipated and carefully examined by traders and investors around the globe. The scheduled economic updates promise to bring increased volatility and perhaps even narrate the direction of market trends across assets.

Monday has no key scheduled economic updates and traders would be able to take a breath and prepare for a week of inflation reports.

On Tuesday, the US kickstarts the weekly events with its Core CPI for June. The report, scheduled to arrive at 08:30 am EST, will measure how much prices for goods and services have changed compared to the previous month. Core CPI data is a key indicator for inflation.

Later, at 10:00 pm EST, The Reserve Bank of New Zealand will publish its interest rate decision, followed by a rate statement. New Zealand’s central bank is expected to leave interest rates unchanged at 0.25%.

EU Data Expected on Friday

On Tuesday, market action starts at 02:00 am EST with the UK’s CPI numbers. The report will measure inflation change for June, compared with the same month a year ago. At 08:30 am EST, the US will report its PPI figures for June, on a monthly basis. At 10:00 am EST, Canada’s central bank, the Bank of Canada, will announce its interest rate decision, followed by a monetary policy report. Canadian central bankers are expected to maintain the current monetary approach while leaving the rates unchanged at 0.25%. The Bank of Canada will also hold a press conference shortly after revealing the interest rate.

Later, at 09:30 pm EST, Australia will publish its employment change report for June. In May, Australian employers added 115,200 new jobs to the labor market.

On Thursday, New Zealand’s turn comes to announce its CPI number, on a quarterly basis, for the second quarter. The inflation data is set to arrive at 06:45 pm EST.

On Friday, the European Union will publish its inflation numbers in the latest CPI report for June. The update, measuring inflation on an annual basis, is scheduled to arrive at 05:00 am EST. At 08:30 am EST, the US will reveal its core retail sales for June, on a monthly basis. The data will be accompanied by the retail sales report, also for June, on a monthly basis.

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