Let’s see which news releases could move the currency markets on Tuesday, the 29th of August. This is the Economic Calendar.
German GfK Consumer Confidence for September is up first at 6 AM, and the Index has been steadily rising for the past 4 months; in particular, economic and income expectations remain high.
UK Nationwide House Price Index for August is out at the same time. Home prices inched even higher in July, following a strong 1.1% gain the previous month as supplies remain limited.
The second reading of French second quarter GDP follows at quarter to 7. The preliminary estimate puts the quarterly growth at half a percent, which is the strongest gain in more than a year.
Coming up next at 12:30 PM GMT is the Canadian Industrial Product Price Index for July, and the June data surprised on the downside as the Index posted its first decline in 9 months.
The closely watched US Consumer Confidence Index for August will be available at 2. The Index rebounded in July, hitting a 16-year high.
New Zealand Building Permits for July are out at quarter to 11 in the evening, and the number of permits declined in June, following a 6.9% gain a month ago.
The preliminary estimate of Japanese July retail sales follows at 11:50. Sales have been growing for the past 8 months, although the June increase was somewhat smaller than expected.
And two news releases regarding the Australian economy conclude the schedule at half past 1 AM, including Building Approvals for July which rebounded strongly in June, reversing a 5.4% drop the previous month.
Second Quarter Construction Work Done is out at the same time. First quarter data came in weaker than expected, following a point 6% increase the previous quarter.
