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Market overview for this week

Different from last two weeks, this week we will have more macro-economical data.

As we already noted, in Asia Japan announced the GDP,  It's the broadest measure of economic activity and the primary gauge of the economy's health. HoweverJapan’s Economy Grew Less-Than-Forecast 2.6% Last Quarter, as housing and business investment declined.

In Europe we will have the EuropeanGDP data for the second quarter, but before this, we also need to concern some other announcements, which may impact also on the currency movements.

Aug 13th09:00 GMT: German ZEW Economic Sentiment

Aug 14th05:30 GMT: French Prelim GDP q/q

Aug 14th06:00 GMT: German Prelim GDP q/q

And finally: Aug 14th09:00preliminary Q2 GDP figures for eurozone.

Overall, we want to see a consistent picture across all three GDP releases, and if all goes to plan Wednesday could be a highly significant day for the eurozone after the troubles seen throughout this crisis.

In UK, the release of the CPI measure of inflation on Tuesday will also be followed closely this week. Also on the agenda are retail sales figures along with the minutes and votes from the last monetary policy committee. Also on Wednesday morning, the BoE releaseminutes from the last MPC meeting, including thevotes for both theinterest rate andasset purchase decision.

Aug 13th  08:30 GMT: CPI y/y, PPI Input/output m/m, RPI y/y Core CPI y/y

Aug 13th  08:30 GMT: Claimant Count Change, MPC Asset Purchase Facility Votes, MPC Official Bank Rate Votes

In US, unlike the quite last week we have, in this week we will have retail sales data on Tuesday, numerous speeches from Fed’s James Bullard and two notable manufacturing surveys. On Tuesday, theretail sales figure looks set to dominate, with market expectations pointing towards a moderate reduction from 0.4% to 0.3%. In a similar manner to the UK release, markets will be looking for a significant miss or beat to bring about a notable reaction.

Aug 13th12:30 GMT: Core Retail Sales m/m, Retail Sales m/m.

Aug 14th  12:30 GMT: PPI m/m

Aug 15th12:15 GMT: FOMC Member Bullard Speaks and 12:30 GMT: Core CPI m/m, Unemployment Claims

Aug 15th14:00 GMT: Philly Fed Manufacturing Index

On Thursday, the release of theempire state manufacturing index and Philly fed manufacturing index provide a significant overview of the key sector.

We will see the details and talk about all of these during the news days. Good luck everyone!