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18 Jul 2021
3 min read

Economic Calendar Updates – 18/07

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

  • A light set of scheduled economic reports will narrate this week’s global markets
  • Earnings season shifts into gear with Netflix, Twitter, and Coca-Cola reporting this week

The week, starting July 19 brings a relatively light economic calendar to the global financial markets. Traders and investors will be able to enjoy a somewhat loose agenda and take the time to reassess where the markets stand at.

On Monday, Australia’s central bank will release its meeting minutes for its last committee meeting. The meeting summary of the Reserve Bank of Australia is set to arrive at 09:30 pm EST.

Skipping Tuesday and Wednesday for lack of significant scheduled economic events, Thursday brings the ECB’s interest rate decision. The European Central Bank will announce its interest rate decision at 07:45 am EST. The central bank is expected to leave the interest rate at ultra-low levels.

Earnings Season Continues

On Friday, the UK will release its retail sales report for June at 02:00 am EST. At 03:30 am EST, Germany will report its manufacturing PMI numbers for July. At 08:30 am EST, Canada will publish its core retail sales figures for May, on a monthly basis.

Meanwhile, the earnings season would be gathering pace as it enters its second week. Large-cap companies are scheduled to report, including Netflix, reporting on Tuesday. Johnson & Johnson reports quarterly financial results on Wednesday, along with Coca-Cola and Verizon. Twitter reports on Thursday. The social media led by Jack Dorsey will be joined by Blackstone, an asset manager founded by Stephen Schwarzman.

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