Important Events This Week July 22-26

This week is bound to be a fairly quiet one, especially when compared to the initial volatility brought about by Fed Chairman Ben Bernanke’s testimony last week. Nevertheless, there are a number of important data coming from the United States, Australia, New Zealand, the United Kingdom and Japan. Check out the details of the events for the week of July 22-26:

Event: Consumer Price Index (MoM/YoY, Q2) – Australia

Date: July 24, 2013

Time: 1:30am (GMT)

What It Is About and Why It’s Important

The aussie has been struggling as of late particularly due to the interest rate cuts that the Reserve Bank of Australia announced over the past few months. We’ll see if it gets a lift somehow from its CPI data. On a YoY basis, analysts see it remaining at 2.5% while the MoM number will increase from 0.4% to 0.5%.

Event: RBNZ Interest Rate Decision – New Zealand

Date: July 24, 2013

Time: 9:00pm (GMT)

What It Is About and Why It’s Important

There isn’t any change expected in New Zealand’s interest rates, but it would be worth finding out what the Reserve Bank of New Zealand’s outlook of the economy is.

Event: Gross Domestic Product (QoQ/YoY, Q2) – United Kingdom

Date: July 25, 2013

Time: 8:30am (GMT)

What It Is About and Why It’s Important

The UK had a fairly flat GDP figure since April, and we shall see if it rises further, or if it falls again as it did earlier this year.

Event: Durable Goods Orders – US 

Date: July 25, 2013

Time: 12:30pm (GMT)

What It Is About and Why It’s Important

While the US economy has been on a roll over the past few months, its Durable Goods number for June might be slightly disappointing. Analysts expect it to be just at 0.5% after having two steady months at 3.6%.

Event: National CPI; National CPI Ex Food, Energy (YoY, July) – Japan

Date: July 25, 2013

Time: 11:30pm (GMT)

What It Is About and Why It’s Important

Japan’s National CPI and its National CPI Ex Food, Energy has struggled under 0 over the past few years. These numbers, however, have shown signs of improvement over the recent months. We’ll see if Japan can sustain this rise.