FXOpen UK: Your Financial Market Weekly Digest

 [] [FXOpen]( [Client Portal]( [Financial Market News] We are facing another intense week filled with major events that will most likely affect the market. [ [Trade now]( Economic data releases Tuesday, August 24 6:00am*: Germany (Euro, EUR€): GDP Growth Rate YoY Final (Q2) Forecast: 9.2%; Previous: -3.1% The index measures the change in the inflation-adjusted value of all goods and services produced by the economy. The German economy is the 5th largest economy in the world, and Europe's largest. Germany is a leading exporter of machinery, vehicles, chemicals, and household equipment. * Hereinafter, UTC Wednesday, August 25 8:00am: Germany (Euro, EUR€): Ifo Business Climate (AUG) Forecast: 100.4; Previous: 100.8 The Index measures entrepreneurs’ sentiment and 6-month expectations about the current business situation. It is highly respected and has the potential to impact the market due to its large sample size and historic correlation with German and wider Eurozone economic conditions. 2:30pm: US (the US dollar, USD$): Crude Oil Inventories Previous: -3.2M The index measures the change in the number of barrels of crude oil held in inventory by commercial firms during the past week. While this is a US indicator, it mostly affects the CAD due to Canada's sizable energy sector. Thursday, August 26 Day 1: All/US: Jackson Hole Symposium (also known as Kansas City Fed Economic Symposium) Source Federal Reserve Bank of Kansas City (latest release) The Symposium is held in Wyoming and is attended by central bankers, finance ministers, academics, and financial market participants from around the world. Officials usually release updates to reporters throughout the day. In the US, the authority to set interest rates is divided between the Board of Governors of the Federal Reserve (Board) and the Federal Open Market Committee (FOMC). The Board decides on changes in discount rates after recommendations submitted by one or more of the regional Federal Reserve Banks. The FOMC decides on open market operations, including the desired levels of central bank money or the desired federal funds market rate. 11:30am: Eurozone (Euro, EUR€): ECB Monetary Policy Meeting Accounts In the Euro Area, the benchmark interest rate is set by the Governing Council of the central bank. The primary objective of the ECB’s monetary policy is to maintain price stability which is to keep inflation below but close to 2% over the medium term. In times of prolonged low inflation and low interest rates, ECB may also adopt non-standard monetary policy measures, such as asset purchase programmes. The official interest rate is the main refinancing operations rate. 12:30pm: US (the US dollar, USD$): Prelim GDP q/q Forecast: 6.6%; Previous: 6.5% The index measures the annualized change in the value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary gauge of the economy's health. Friday, August 27 Day 2: All/US: Jackson Hole Symposium Comments and speeches from central bankers and other influential officials who participate in the meetings create significant market volatility. 12:30pm: US (the US dollar, USD$): Core PCE Price Index m/m Forecast: 0.3%; Previous: 0.4% Source Bureau of Economic Analysis (latest release) The index measures change in the price of goods and services purchased by consumers, minus food and energy. 2:00pm: US (the US dollar, USD$): Federal Reserve Chair Jerome Powell Speaks Powell is to speak on the economic outlook at the Jackson Hole Economic Policy Symposium. 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. Our mailing address is: FXOpen UK, 80 Coleman Street, London, EC2R 5BJ Want to change how you receive these emails? You can [update your preferences]( or [unsubscribe from this list](. 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