U.S. Inflation Data (July) In Focus


Kim Ming Lam


August 4, 2023



Min Read

TC Economic Insight - The Week Ahead (August 7-11)

Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.

We are looking into the trading week of August 7-11:

We can select economic data of "High", "Medium" or "Low" importance, or any combination of such filters:

We can select which economies to focus on:

After U.S. data showed last Friday that the economy added 187,000 non-farm payrolls in July, which were fewer than expected, investors will focus on July inflation data to be released Thursday (August 10).

According to Trading Central's "Economic Insight", the U.S. Inflation Rate is expected to cool further to 2.8% on year in July.

In the past 12 U.S. Inflation Rate Reports, EUR/USD rose in 75% of times (9 out of 12 reports) within one hour from the report’s release, marking a trading range of 94.74 pips on average.

Other key economic data include:

Monday (August 7)

Germany Industrial Production (June) expected to drop 0.2% on month.

Tuesday (August 8)

Australia Westpac Consumer Confidence Index (August) expected to fall to 80.7.

China Exports (July) to fall 14.0% on year.

U.S. Trade Deficit (June) expected to narrow to $65.1 billion.

Canada Trade Surplus (June) to amount to C$220 million.

Wednesday (August 9)

China Inflation Rate (July) to fall to negative -0.3% on year. 

China Producer Prices (July) expected to drop 5.0% on year.

Canada Building Permits (June) expected to rise 2.3% on month.

Thursday (August 10)

Japan Producer Prices Index (July) is expected to slow to 3.9% on year.

U.S. Inflation Rate (July) expected to slow to 2.8% on year.

U.S. Initial Jobless Claims (August 5)  to rise to 229,000.

Friday (August 11)

U.K. GDP (2Q) to grow 0.1% on quarter.

U.K. Industrial Production (June) to rise 0.1% on month.

U.S. Producer-Price growth (July) to slow to 3.9% on year.

Happy Trading!

Source: Trading Central Economic Insight

Kim Ming Lam

Head of APAC Research
Ming graduated from Hong Kong University with a Bachelor's degree in mechanical engineering. He has been working in the financial services sector for over 10 years. He is currently tasked with providing clients with technical analysis views on forex and Asian stock indexes.
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