• Thu. Oct 6th, 2022

A Week in the Market: Statistics and Ambitions of Saudi Aramco (15 August – 19 August) – R Blog

ByAnna Rostova

Aug 15, 2022
GBP: employment market statistics


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

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

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

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

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.

Material is prepared by

Anna Rostova

A Forex trader with a more than 10-years experience in leading investment banks. She gives her weighted view of markets through analytical articles, regularly published by RoboForex and other popular financial sources.



Image and article originally from blog.roboforex.com. Read the original article here.