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A new week of August will bring us a lot of statistics from different countries, confirmation of trends in interest rates, and possibly news for the commodity market.
GBP: employment market statistics
Great Britain will provide some information that will make it clear what is going on in the economic system, namely – in the employment market. Last month, the unemployment rate might have remained without a change at 3.8%, average wage in May-July might grown by 4.7%. Earlier, this index grew by 6.2%. The stronger the statistics turn out, the calmer the GBP will be.
NZD: regulator is to decide
![NZD: regulator is to decide](https://smartmoneypress.com/wp-content/uploads/2022/08/1660568962_492_A-Week-in-the-Market-Statistics-and-Ambitions-of-Saudi.jpg)
The Reserve bank of New Zealand will have a meeting and decide upon the interest rate. It is expected to grow from 2.5% to 3%. These forecasts are already included in the quotes of the national currency. Toughening of the monetary policy is for now good for the NZD rate.
EUR: neutral statistics will calm it down
![EUR: neutral statistics will calm it down](https://smartmoneypress.com/wp-content/uploads/2022/08/1660568962_36_A-Week-in-the-Market-Statistics-and-Ambitions-of-Saudi.jpg)
The Euro zone will issue a lot of interesting statistics. New GDP estimation for Q2 must be the most important info. Economy might have grown by 0.7% as predicted. Any deviations from this level will be fast accounted for by the EUR. Inflation in July in Europe might have remained at 8.9% y/y. If nothing unexpected happens here, investors will just skip the report.
USD: retail sales results will be demonstrative
![USD: retail sales results will be demonstrative](https://smartmoneypress.com/wp-content/uploads/2022/08/1660568962_75_A-Week-in-the-Market-Statistics-and-Ambitions-of-Saudi.jpg)
The US will present a lot of statistics of the retail sales market: there might be some falls due to the growing inflation and crediting interests. Note the retail sales report for July: the index might have grown by 0.2% m/m, while in June it grew by 1%. Strong statistics are a good signal for the USD.
Brent: Saudi Aramco will set the trend
![Brent: Saudi Aramco will set the trend](https://smartmoneypress.com/wp-content/uploads/2022/08/A-Week-in-the-Market-Statistics-and-Ambitions-of-Saudi.jpeg)
No important events are expected in the oil market. However, fresh news that the world’s largest oil company Saudi Aramco is planning to increase production might put pressure on the quotes.
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Image and article originally from blog.roboforex.com. Read the original article here.