Retail Sales & Trade Balance (AUD, GMT 00:30 & 01:30)
June Retail Sales سے Stall @ 2.4% کی امید ہے جبکہ Consensus ہے کہ Trade Balance میں کچھ Surplus Rise ہوگا bln $ 8.76 کا.
Event of the week – Interest rate Decision (AUD, GMT 04:30)
20 سال میں پہلی بار Australia Recession میں آیا ہے. RBA Last Meeting میں Rates Hold رکھے گئے. Advised بھی ہے کہ Rates Low ہی رکھے جائیں گے. Governor Lowe RBA نے Statement دی ہے کہ
- Foreign Exchange Market میں Intervention کا کوئی Chance نہیں ہے.
- Negative Interest Rates بھی Extraordinarily Unlikely ہیں Australia میں.
Employment Change & Unemployment Rate (NZD, GMT 22:45)
Initial Pandemic Impact کے بعد امید کی جاتی ہے کہ Quarterly Jobs Data میں کچھ بہتری آئے گی.
- Q2 Unemployment Rate @ 3.8%
from 4.2% - Employment Change @ 0.3%
.from last quarter
Wednesday – 05 August 2020
Retail Sales (EUR, GMT 09:00)
June Retail Sales-Euro zone میں %19.1 gains کی امید ہے. Following 12.8% May gains
ADP Employment Change (USD, GMT 12:15)
ADP Report بھی Expected ہے. امید ہے کہ Report میں Results بہتر ہوں گے.
ISM Non-Manufacturing PMI (USD, GMT 14:00)
ISM-NMI کا Decline/Fall ہونے کی Expectations ہیں.
- .June fall from 57.1 to 54.0
- April 11-year low 41.8
- .September 2018 13-year High 61.2
- .All time low 37.6 November 2018
Thursday – 06 August 2020
Interest Rate Decision & Policy Report (GBP, GMT 06:00)
BoE Officials نے Rates Unchanged رکھنے کے لیے Votes دیئے. ساتھ ہی 0-9 Majority نے
Asset Purchase Program Extension کو GBP 100 bln سے بڑھانے کا Vote کیا. اب یہ GBP 745 bln ہے. Rates میں کوئی Changes Expected نہیں ہے.
BoE’s Governor Bailey speech (GBP, GMT 11:30)
Friday – 07 August 2020
RBA Monetary Policy Statement (AUD, GMT 04:30)
Expected ہے کہ RBA اپنے Rates کو Unchanged رکھے گا ساتھ ہی اگر ضرورت پڑی تو
Fiscal & Monetary Support سے Bond Buying Program کریں گے. اس لیے دوبارہ Easing Bias دیکھنے میں آرہا ہے. RBA Expectations ہے کہ Recovery Bumpy ہوگی جب تک Corona Virus کی Containment کا حل نہ نکلے.
Labour Market Data (CAD, GMT 12:30)
289.6K Raise in May کے بعد Employment soared 952.9 K in June , June gains اپنی Expectations سے کافی Better تھے کیونکہ Re-openings ہورہی تھی.
- .July Unemployment Rising @ 12.8%
- .Net Change in Employment @ 653.3 K from 952.9K in June
اس لیے Pre-Covid Levels پر جانے میں کافی لمبا سفر کرنا پڑے گا. - .June Unemployment Rate fall to 12.3 form 13.7 in May
Click here to access the Economic Calendar
Andria Pichidi
Market Analyst
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