Market Opportunities : Week 14-08-2023 - 18-08-2023

USDIDX: United States Retail Sales report for July is the key economic event in the August 14 - 18 week. The US Census Bureau will release the Retail Sales report on August 15. In case the retail sales growth accelerates from 0.2% rate of June - the USDIDX will get a bullish boost.

NZDUSD: Reserve Bank of New Zealand interest rate decision on August 16 is an important event for forex market. Traders are waiting to see if the policy makers maintain their hawkish stance on rates and resume interest rate hikes. If New Zealand policy makers hike the benchmark rate by 25 basis points it will be bullish for the NZDUSD pair.

Key Events to Watch

Swipe table

Date	Country	Event	Forecast	Previous
2023-08-15	JPY	Japan Gross Domestic Product (GDP) q/q	-0.3%	0.7%
2023-08-15	GBP	United Kingdom Claimant Count Change	-7.3 K	25.7 K
2023-08-15	EUR	ZEW Germany Economic Sentiment Indicator	-11.6	-14.7
2023-08-15	USD	United States Retail Sales m/m	0.0%	0.2%
2023-08-16	NZD	Reserve Bank of New Zealand Interest Rate Decision		5.50%
2023-08-16	NZD	Reserve Bank of New Zealand Press Conference
2023-08-16	EUR	European Union Employment Change q/q	0.3%	0.6%
2023-08-16	EUR	European Union Gross Domestic Product (GDP) q/q	0.3%	0.3%
2023-08-16	USD	United States Building Permits	1.464 M	1.440 M
2023-08-16	USD	EIA United States Cushing Crude Oil Stocks Change
2023-08-17	AUD	Australia Employment Change	51.8 K	32.6 K
2023-08-17	NOK	Norges Bank Interest Rate Decision		3.75%
2023-08-18	GBP	United Kingdom Retail Sales m/m	0.0%	0.7%

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