Important Events This Week August 19-23

This week will be a fairly quiet one, although Friday would be packed with announcements from Germany, the United Kingdom and Canada. Find out what you should expect for the week of August 19-23:

Event: RBA Meeting’s Minutes – Australia  

Date: August 20, 2013

Time: 1:30am (GMT)

What It Is About and Why It’s Important

Traders who want to get an inside look at how the Reserve Bank of Australia decided to cut rates by 25bps earlier this month should check out this event. More than that, the minutes could provide clues on the RBA’s outlook on the economy in the near future – an important tool in determining whether or not another rate cut would happen later this year.

Event: FOMC Minutes – USA  

Date: August 21, 2013

Time: 6:00pm (GMT)

What It Is About and Why It’s Important

Similar to the RBA minutes, the minutes of the Federal Open Market Committee’s meeting could provide insights on the US economy, including its stance of the monetary policy, the interest rate, as well as risks to the economy.

Event: GDP – Germany

Date: August 23, 2013

Time: 6:00am (GMT)

What It Is About and Why It’s Important

Analysts expect positive news from Germany with regards to its GDP, the data of which will be released on Friday. The QoQ figure, for example is expected to rise from 0.0% to 0.7%, while the YoY (n.s.a) is seen to move from -1.6% to 0.9%, and the YoY (w.d.a) is expected to improve from -0.3% to 0.5%.

Event: GDP – UK

Date: August 23, 2013

Time: 8:30am (GMT)

What It Is About and Why It’s Important

Similar to Germany’s GDP, analysts also have a positive outlook on the UK’s GDP data. The QoQ figure is seen to improve from -0.3% to 0.6%, while the YoY figure is seen to rise from 0.3% to 1.4%.

Event: CPI (MoM, July)/Bank of Canada CPI – Core (YoY, July) – Canada

Date: August 23, 2013

Time: 12:30pm (GMT)

What It Is About and Why It’s Important

Positive news is also expected from Canada’s CPI, with the YoY CPI expected to rise from the previous 1.2% to 1.4%, while the BoC CPI – Core is seen to improve from 1.3% to 1.4%.