A Week in the Market: Currencies Need Support (14-18 August)
<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/08/14.08.2023-1-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="A Week in the Market: Currencies Need Support (14-18 August)" decoding="async" loading="lazy" style="margin-bottom: 15px;" /></div><p>In this week’s macroeconomic calendar, both the UK and China are set to be active ensuring that investors will remain engaged.</p>
<h2>China: impact on assets</h2>
<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2021/01/china-1.jpg" alt="China: focus on PMI" class="wp-image-6663" srcset="https://blog.roboforex.com/wp-content/uploads/2021/01/china-1.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2021/01/china-1-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2021/01/china-1-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /><figcaption>Why Is It Time to Invest in China? 3 Promising Companies for Investing</figcaption></figure><p>China will release data concerning retail sales, unemployment rate, and industrial production. Particular attention should be paid to information about investments in fixed assets, as this will help to better understand ongoing business processes. Robust reports will bolster assets linked to risks.</p>
<h2>GBP: an abundance of statistics</h2>
<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/11/gbp.jpg" alt="GBP: an abundance of statistics" class="wp-image-6086" srcset="https://blog.roboforex.com/wp-content/uploads/2020/11/gbp.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/11/gbp-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/11/gbp-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>The UK is to publish information about the unemployment rate, average earnings, the count of unemployment benefit claims, and other employment market <a href="https://blog.roboforex.com/blog/2019/11/19/top-10-forex-indicators-that-every-trader-needs/" data-internallinksmanager029f6b8e52c="99" title="Indicators">indicators</a>. The labour market’s stability is perceived as an inflationary driver. Any failure of the statistics to meet expectations could apply pressure on the <a href="https://roboforex.com/beginners/info/charts/forex/gbpusd/" data-internallinksmanager029f6b8e52c="36" title="GBP/USD">GBP</a> exchange rate.</p>
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<h2>USD: focus on Fed’s minutes</h2>
<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/12/usd.jpg" alt="USD: focus on Fed’s minutes" class="wp-image-6435" srcset="https://blog.roboforex.com/wp-content/uploads/2020/12/usd.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/12/usd-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/12/usd-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>The US is to provide data on retail sales, import prices, and industrial production. The market has become accustomed to strong statistics, and weak data will be taken as a signal for the Federal Reserve to pause its <a href="https://blog.roboforex.com/blog/2019/10/22/trading-news-how-to-earn-on-interest-rates/" data-internallinksmanager029f6b8e52c="90" title="Interest rate">interest rate</a> hikes. It is worth paying attention to the release of the minutes from the Fed’s last meeting. The USD continues to maintain a strong market position.</p>
<h2>AUD: employment market statistics</h2>
<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/08/aud-1200×627.jpg" alt="AUD: employment market statistics" class="wp-image-5224" srcset="https://blog.roboforex.com/wp-content/uploads/2020/08/aud.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/08/aud-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/08/aud-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>Australia will release information about employment and unemployment levels. The second indicator is expected to remain at 3.5%. For the <a href="https://roboforex.com/beginners/info/charts/forex/audusd/" data-internallinksmanager029f6b8e52c="33" title="AUD/USD">AUD</a>, which has been rapidly decreasing, this will be neutral news.</p>
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