EURUSD for August, 8 week: The schedule gets lighter, but some statistics may still influence the pair
After several lively weeks, forex economic calendar of this week will be less busy, but still remains the opportunity of some leading statistics with a potential influence on EURUSD pair.
Here are the most important events expected in the US and Europe this week:
In US, the most important Statistics is retail sales in July, expected Friday at 13:30 (gmt+1). The consensus expects 0.4% after 0.6% the previous month. With regard to major retail sales (excluding food and energy), the consensus expects 0.2% after 0.7% the previous month.
Simultaneously (Friday 13.30), traders will also monitor US producer prices in July, anticipated + 0.1% after + 0.5% the previous month.
Also on Friday, it will also give some importance to the consumer confidence index from the University of Michigan in August, which is forecast to grow to 91.5 after 90 the previous month.
EURUSD Fundamental Analysis
Almost all potentially influential statistics for EURUSD this week are expected on friday, which could result in a week some hesitation. Regarding forecasts on expected statistics, nothing particularly stands out. Note however that the most important statistic of the week, US sales details, is expected slowdown, which could dent investor optimism about the US economic outlook.
EURUSD will surelly keep moving inside its range ( 1.10-1.12) for another week! Good luck everyone