Indicators ups and downs in large markets. Important FOMC speeches
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The most frequently observed are macroeconomic events, the most important indicators are analyzed their ups and downs and the most important speeches that may influence market decisions are observed. Information from overseas, and especially from the USA, is being watched by everyone, especially by the main partners of this country.
Japan Jobs/applications ratio maintains an upward trend
Jobs/applications ratio is an indicator of the health of employment in the economy and measures the ratio between job applications and actual jobs. In Japan, the indicator has been on an upward trend for a year, and has been higher than forecast for two months. The forecast for July was 1.25 and in August 1.27. The accrual values for these periods are 1.27 and 1.29 respectively. Published at 1:30 CET.
Australia Building Approvals keeps downwarnd trend
Building Approvals (also known as Building Permits) measures the change in the number of new building approvals issued by the government. Building permits are key indicator of demand in the housing market. The seasonally adjusted estimate for the number of dwellings approved in Australia fell 17.2% in July, this follows a 0.6% fall in June. The trend estimate for total dwellings approved fell 1.5% in July, this follows a 2.0% fall in June. Published at 2:30 CET.
Germany Consumer Price Index (CPI)
CPI measures the changes in the price of goods and services purchased by consumers. In Germany, the CPI reached the forecasted level of 0.9% and is higher than in the previous two months. 14:00 CET
Important events from overseas
Consumer Confidence measures the level of consumer confidence in economic activity. It is a leading indicator as it can predict consumer spending, which plays a major role in overall economic activity. Higher readings point to higher consumer optimism. Since the beginning of this year, the indicator in the U.S. maintains a downward trend. The latest reading is the lowest since January '22 and will reach the level of 95.7 and is lower than the forecast 97.2. It can be concluded that the consumption in the U.S. month by month they have less and less trust and spend less money on consumer spending. Official figures will be released at 16:00 CET.
The results of a survey conducted by the US Bureau of Labor Statistics to measure job vacancies shows a decline. The survey collects data from employers about hiring their companies, job offers, recruitment, hiring and separation. JOLTS defines Job Offers as all positions that are open (vacant) on the last business day of the month. A task is only "open" if it meets all three of the following conditions:
1. There is a defined position and a job is available for that position.
2. Work can begin within 30 days whether or not the establishment finds a suitable candidate during that time.
3. Active recruitment is carried out for workers outside the site of the opening plant.
As shown by the data, the downward trend has continued since May. in May this year, there were the most open places, while the current result is the lowest since the beginning of the year.
The current figures show a decline of 605M compared to the previous month when job openings were at 11.303M. Official figures will be released at 16:00 CET
In addition, today there will be two speeches by members of the U.S. Federal Open Market Committee (FOMC). The first will be at 14:00 CET with a speech from Richmond Fed President Thomas Barkin. His public engagements are often used to drop subtle clues regarding future monetary policy. The second speech will be from FOMC Member Williams, which will take place at 17:00 CET.
Today, the most important information for foreigners watching the Canadian market is the current account index and it will be published at 14:30 CET. The current account index measures the difference in value between exported and imported goods, services and interest during a reporting month. Since foreigners have to buy their national currency to pay for exports, the data can have a significant impact on CAD. The indicator reached the highest level in two years at the level of 5.0B CADand is much higher than expected, which was forecasted at the level of 3.2B CAD.
