Your Financial Market Weekly Digest from FXOpen

 [] [FXOpen]( [Client Portal]( [Financial Market News] Let FXOpen trading experts save some of your precious summer time and do economic and corporate event research for you. Enjoy this carefully put-together list of the August 10 - August 13 happenings with the potential to affect the market, and plan your strategy accordingly. [ [Trade now]( Economic data releases Tuesday, August 10 9:00am: Eurozone (Euro, EUR€): ZEW Economic Sentiment Previous index: 61.2 The report issued by the Zentrum für Europäische Wirtschaftsforschung (the ZEW–Leibniz Centre for European Economic Research) measures the level of a diffusion index based on surveyed German institutional investors and analysts. Germany tends to hold the leadership position in the Eurozone economy and this Eurozone outlook is often overshadowed by the German data released at the same time (see below). 9:00am: Germany (Euro, EUR€): ZEW Economic Sentiment Previous index: 63.3 Measures the level of a diffusion index based on surveyed German institutional investors and analysts, and is a leading indicator of economic health. Wednesday, August 11 2:00am: New Zealand (the New Zealand dollar, NZD$): Monetary Policy Statement The New Zealand Reserve Bank reports on its strategy to achieve its targets, how it proposes to formulate and implement monetary policy during the next five years, and how it followed the monetary policy that was decided upon in the previous Statement. 12:30pm: US (the US dollar, USD$): - CPI m/m Previous index: 0.9% The Consumer Price Index measures the change in the price of goods and services purchased by consumers, as the level of consumer prices account for a majority of overall inflation. - Core CPI m/m (also known as CPI Ex Food and Energy, Underlying CPI) Previous index: 0.9% Like the CPI, Core CPI measures the change in the price of goods and services purchased by consumers — minus food and energy, since these prices are, as a rule, quite volatile and distort the underlying trend. Thursday, August 12 All Day: OPEC-JMMC Meetings The purpose of the Organization of Petroleum Exporting Countries/Joint Ministerial Monitoring Committee meetings is to discuss the current issues on energy markets, and determine the amount of oil that will be produced. The meetings are attended by representatives from the 13 OPEC members and 11 other oil-rich nations. 6:00am: UK (pound sterling GBP£): Gross Domestic Product (QoQ) Previous index: 1.6% The GDP report measures the total value of all goods and services produced by the UK. A rising GDP positively affects the GBP. 12:30pm: US (the US dollar, USD$): - PPI m/m Previous index: 1.0% The Producer Price Index (PPI) measures the change in the price of finished goods and services sold by producers. It is one of the primary indicators of consumer inflation: when producers start charging more for goods and services, the higher costs are usually passed on to the consumer. - Initial Jobless Claims This report, released by the US Department of Labor, measures the number of people filing first-time claims for state unemployment insurance. A decreasing number is usually positive (= bullish) for the USD. - Initial Jobless Claims 4-week average This indicator measures the average number for the last four releases of the Initial Jobless Claims. - Consumer Price Index ex Food & Energy (MoM) Previous index: 0.9% This report, also released by the US Department of Labor Statistics, tracks price shifts by comparing the retail prices of a representative shopping basket of goods and services. Volatile products such as food and energy are excluded to make accurate calculations. - Consumer Price Index ex Food & Energy (YoY) Previous index: 4.5% 11:50pm: Japan (Japanese yen, JPYÂ¥) Gross Domestic Product (QoQ) Previous index: -1% The GDP report shows the monetary value of all the goods, services and structures produced in Japan within a given period of time. GDP is a measure of overall market activity and represents the pace at which the Japanese economy is growing (or decreasing). Friday, August 13 6:00am: (Euro, EUR€): Harmonized Index of Consumer Prices (YoY) Previous index: 3.1% HICP is an index of consumer prices thanks to a statistical methodology applied across all the EU member states. HICP report defines and assesses price stability in the euro area. 2:00pm: US (the US dollar, USD$): Prelim UoM Consumer Sentiment Previous index: 81.2 The University of Michigan conducts a survey of hundreds of consumers who are asked to rate the current and future economic conditions. In other words, the report mirrors the consumers’ willingness to spend money. The Preliminary version of the report is released prior to the Revised version, so it tends to impact the market the most. We hope our newsletter will help you shape your trading plan for this week. [Deposit now]( Best of luck with your trading, The FXOpen UK Team [Human score](  [Trustpilot Stars](  [number of reviews](  [Trustpilot Logo]( [( [Facebook]( [Twitter](    RISK WARNING: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 60% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. All trading involves risk. Copyright © 2021 FXOpen UK, All rights reserved. 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