Trading Week of August 18–23
- DeltaFunded
- Aug 18
- 2 min read
Markets enter the week of August 19 with a packed calendar of inflation data, central bank updates, and speeches from policymakers that could set the tone for global currencies, bonds, and equities. Here’s what to watch:
📅 Tuesday, August 19 – Canadian Inflation in Focus
🇨🇦 Canada:
Core CPI (YoY, Jul) – previous: 2.7%
Headline CPI (YoY, Jul) – previous: 1.9%
📅 Wednesday, August 20 – Central Bank Decisions and UK CPI
🇳🇿 New Zealand:
RBNZ Interest Rate Decision (05:00) – expected: 3.00% (vs 3.25%)
Monetary Policy Review, Statement & Press Conference to follow.
🇬🇧 United Kingdom (09:00):
CPI (YoY, Jul): consensus 3.7% (prior 3.6%)
Core CPI (YoY, Jul): expected unchanged at 3.7%
🇪🇺 Eurozone (10:10):
ECB President Christine Lagarde Speech
🇺🇸 United States (21:00):
FOMC Minutes
📅 Thursday, August 21 – PMI Data & Jackson Hole Begins
🇺🇸 Jackson Hole Symposium (All Day): kicks off with global focus on central bank rhetoric.
🇪🇺 Eurozone (10:30–11:00):
Composite PMI (Aug, Prel)
Manufacturing PMI (Aug, Prel)
Services PMI (Aug, Prel)PMI readings will reveal whether the bloc remains stuck in sluggish growth.
🇬🇧 United Kingdom (11:30):
S&P Global Composite PMI (Aug, Prel)
Manufacturing PMI (Aug, Prel): expected 48.3 (contraction)
Services PMI (Aug, Prel): expected 52.0 (steady growth)
🇺🇸 United States (16:45):
S&P Global Manufacturing PMI (Aug, Prel)
S&P Global Services PMI (Aug, Prel): prior 55.7, consensus 53.3
📅 Friday, August 22 – Powell Headlines Jackson Hole
🇬🇧 United Kingdom (09:00):
Retail Sales (MoM, Jul): expected 0.6% (prior 0.9%)
🇺🇸 United States:
Jackson Hole Symposium (All Day)
Fed Chair Jerome Powell Speech (17:00): the main highlight of the week. Markets will parse his words for September policy signals.
📅 Saturday, August 23 – Lagarde Wraps Up
🇺🇸 Jackson Hole Symposium (All Day) continues.🇪🇺 Eurozone (19:25):
ECB President Lagarde Speech – closes out a central bank-heavy week.
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