Jackson Hole Symposium Spotlight - Weekly Report 25-29/08/2014

On Monday the 25th of August, Germany releases IFO Business surveys, which are leading indicators of economic health. The report for August is out at 08:00 and includes expectations and current assessment benchmarks. Previously, the indicator came in at 108 for ‘business climate’, 113 for ‘current assessment’ and 103.4 for ‘expectations’.

Meanwhile, over in the US, New Home Sales data for July is released at 14:00. The report is on a monthly basis, and was previously MINUS 8.1 percent.

Moving onto Tuesday the 26TH, we stay in the US with Durable Goods Orders for July – released at 12.30. Indicators like this are being closely watched, as the Federal Reserve continues to taper its asset purchases, and speculation rises that an interest rate rise is on the horizon. Previously Durable Goods Orders were reported as rising by 0.7 percent.

Japan is back in the news at 23.30, with National inflation data reported for July. It came in at 3.6 percent previously.

On Wednesday the 27th, medium-impact events rule the trading day, with Switzerland’s UBS consumption indicator released at 06:00 and the KOF Leading indicator released at 07:00.

On Thursday August 28th, the Jackson Hole Symposium takes place. Why is this important, you ask? Jackson Hole is a mountain retreat in Wyoming in the US, and is the location of an economic event that attracts the top financial decision makers from around the world. Central bankers, finance ministers and academics gather to debate economic policy, and often give the media some market-moving signals that turn into tradeable opportunities.

At 7.55, look out for Germany’s Unemployment Change and Unemployment Rate for August. Previously, Germany’s unemployment change was reported at MINUS 12,000, and the unemployment rate came in at a fairly stable 6.7 percent.

The last of the major market-moving events on Thursday is reported at 12.30 by the US, which releases second quarter annualized GDP results. Previously, it was reported at MINUS 2.1 percent.

Finally, on Friday August 29th, in the US, the Jackson Hole Symposium continues for the second day - and in the EU - the Eurozone releases inflation data for the month of August at 09:00. Previously, CPI in the Eurozone was reported at 0.8 percent.

That was Ahead of the Week from Banc De Binary’s Trading Room research team.