A New Week Ahead!

... and usual, I'll share the upcoming economic events that might tremble the financial instruments and that we, as traders/investors must be taking into account BEFORE taking any position in the market.

Today's Diggest's coming out a lil' bit late. I am doing my best in here to take care of everything-IRL brings, so I'm very sorry about it. Without any further ado, let's freaking go!

Some Featured News:

Binance denies control over WazirX assets

As I told you last week, Binance got related to a money laundering scheme vinculated to ilegal bets apps from China, through the WazirX agency. Earlier today, Binance announced the suspension of off-chain transfers between Binance's platform and WazirX, also stating they're not in control of assets of aforementioned platform.

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US Treasury Dpt sanctions Tornado Cash!

That is correct. The Treasure Department has sanctioned Tornado Cash for allegedly helping in the launder of more than $450M of cyberterrorism-related money. You can read more about in The Block. - Treasury Designation.

Awesome! A funny week already. Now let's get into the numbers.

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Economic Calendar, August 8th - 12th

This week will be quitter/calmer in regards to the economic world news, yet we have two or three high impact news that can considerably affect your daytrading.

Monday 8th:

• New Zealand Inflation Expectations
  Forecast: -
  Previous: 3.07%
  Outcome: 3.07%

• Switzerland Unemployment Rate
  Forecast: 2.2%
  Previous 2.2%
  Outcome: 2.2%

This two economic news were already released at the time of writing. Switzerland economic strength keeps amazing me.

Tuesday 9th:

• Australia NAB Business Confidence
  Forecast: -
  Previous: 1

Anything above 0 indicates economic strength. In this case, the previous NAB Business Confidence release (previous to the previous one) was in 6. So we'll be aware of a potential movement to a negative value.

Wednesday 10th:

• Japan Producer Price Index (PPI)
  Forecast: 8.5%
  Previous: 9.2%
• China Consumer Price Index (CPI)
  Forecast: 2.9%
  Previous: 2.5%
• China Producer Price Index (PPI)
  Forecast: 4.9%
  Previous: 6.1%
• US Consumer Price Index (CPI)
  Forecast: 0.2%
  Previous: 1.3%
• US Core Consumer Price Index (CPI)
  Forecast: 0.5%
  Previous: 0.7%

Thursday 11th:

• Japan Holiday
• US Producer Price Index (PPI)
  Forecast: 0.2%
  Previous: 1.1%
• US Core Producer Price Index (PPI)
  Forecast: 0.4%
  Previous: 0.4%
• US Unemployment Claims
  Forecast: 264k
  Previous: 260k

Friday 12th:

• Great Britan Gross Domestic Product (GDP)
  Forecast: -1.2%
  Previous: 0.5%
• Eurozone Industrial Production
  Forecast: -1.3%
  Previous: 0.9%
• US Prelim UoM Consumer Sentiment
  Forecast: 52.5
  Previous: 51.5

This week promises to be good for growth, we might see movement in the JPY, USD pairs, and depending on the outcomes, maybe we'll see volatility in the riskier assets (commodities such as gold, indexes, crypto) - so let's hope for the best so the movement is upwards for our beloved BTC, and with it, the entire of the crypto market.

Never forget to trade with caution, and always keep an open eye for the most relevant news of this week. Stay out of the unnecessary trades.

If you want more information on this numbers, what they mean and how to read them, and also real-time feed, head to Forex Factory.

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Posted Using LeoFinance ^Beta

Posted Using LeoFinance ^Beta