A Week in the Market: Expecting Moderate News (7-11 August)

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/08/07.08.2023-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="A Week in the Market: Expecting Moderate News (7-11 August)" decoding="async" loading="lazy" style="margin-bottom: 15px;" /></div><h2>USD: Speeches of Federal Reserve officials</h2>

<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/08/usd-1200×627.jpg" alt="USD: Speeches of Federal Reserve officials" class="wp-image-5226" srcset="https://blog.roboforex.com/wp-content/uploads/2020/08/usd.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/08/usd-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/08/usd-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>Michelle Bowman, the governor of the US Federal Reserve, is scheduled to deliver a speech on Monday. If the regulator's representative suggests potential increases in monetary issuance, this could reinforce <a href="https://blog.roboforex.com/blog/2022/06/30/what-is-inflation-reasons-and-consequences/" data-internallinksmanager029f6b8e52c="220" title="Inflation">inflation</a>. On the same day, Patrick Harker, the president of the Federal Reserve Bank of Philadelphia, will also deliver a speech.</p>

<h2>GBP: GDP data</h2>

<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/10/gbp.jpg" alt="GBP: GDP data" class="wp-image-5844" srcset="https://blog.roboforex.com/wp-content/uploads/2020/10/gbp.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/10/gbp-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/10/gbp-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>Huw Pill, a member of the Bank of England&rsquo;s Monetary Policy Committee, is expected to give a speech on Monday. Preliminary <a href="https://blog.roboforex.com/blog/2019/10/29/trading-news-how-to-make-money-on-gdp/" data-internallinksmanager029f6b8e52c="93" title="GDP">GDP</a> data for Q2 2023 and final GDP values for July will be provided by the end of the week.</p>

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<h2>China: trade balance</h2>

<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2019/10/china-gdp-1200×627.jpg" alt="China: trade balance" class="wp-image-1621" srcset="https://blog.roboforex.com/wp-content/uploads/2019/10/china-gdp.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2019/10/china-gdp-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2019/10/china-gdp-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>China&rsquo;s <a href="https://blog.roboforex.com/blog/2021/10/21/trade-balance-how-to-use-it-in-forex/" data-internallinksmanager029f6b8e52c="207" title="Trade balance">trade balance</a> for July will be published on Tuesday. The indicator is projected to decrease to 479 billion yuan, down from 491 billion yuan in June. The <a href="https://blog.roboforex.com/blog/2021/08/25/what-is-consumer-price-index-and-how-to-use-it-in-forex/" data-internallinksmanager029f6b8e52c="197" title="CPI">CPI</a> for July will be released on Wednesday, with the current forecast at &minus;0,5%.</p>

<h2>JPY: average wages and balance of payments</h2>

<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2021/03/JPY.jpg" alt="JPY: average wages and balance of payments" class="wp-image-7438" srcset="https://blog.roboforex.com/wp-content/uploads/2021/03/JPY.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2021/03/JPY-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2021/03/JPY-768×401.jpg 768w, https://blog.roboforex.com/wp-content/uploads/2021/03/JPY-150×78.jpg 150w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>Japan is to release information on average wages for May. The balance of payment statistics for July will be published on Tuesday. The indicator is expected to reach 2.24 trillion yen, while the June figure was 1.70 trillion yen.</p>

<h2>Brent: prices continue to rise</h2>

<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/09/brent.jpg" alt="Brent: prices continue to rise" class="wp-image-5623" srcset="https://blog.roboforex.com/wp-content/uploads/2020/09/brent.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/09/brent-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/09/brent-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>The oil market remains constrained by a supply shortage that is pushing Brent oil prices higher. The upward movement in prices has persisted for six consecutive weeks, and it is anticipated to carry on throughout the week.</p>

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