The final week of July is expected to be highly active for currency markets. Traders will focus on central bank decisions from the Federal Reserve, the Bank of England and the Bank of Japan, as well as major inflation and growth data from the United States, the euro area and Australia.

Monday, July 27

• Euro Area: M3 Money Supply, Loans to Companies, Loans to Households
• Germany: Ifo Business Climate, Current Conditions, Expectations
• United Kingdom: CBI Distributive Trades
• United States: Durable Goods Orders, Durable Goods Orders ex Transportation, Dallas Fed Manufacturing Index

Tuesday, July 28

• Australia: RBA Governor Bullock Speech
• France: Consumer Confidence
• Spain: Unemployment Rate, Retail Sales
• United States: Goods Trade Balance, House Price Index, CB Consumer Confidence, Richmond Fed Manufacturing Index, Dallas Fed Services Index

Wednesday, July 29

• Australia: Monthly CPI, Quarterly CPI, RBA Trimmed Mean CPI, RBA Weighted Median CPI
• United Kingdom: BoE Consumer Credit, Mortgage Approvals, M4 Money Supply
• United States: EIA Crude Oil Inventories
• United States: Federal Reserve Interest Rate Decision and Fed Press Conference

Thursday, July 30

• Australia: Building Permits, Import Prices, Export Prices
• France: Preliminary GDP, Household Consumption
• Germany: Preliminary GDP, Preliminary Inflation Rate
• Euro Area: Preliminary GDP, Unemployment Rate, Economic Sentiment
• United Kingdom: BoE Interest Rate Decision, Monetary Policy Report, MPC Votes, Meeting Minutes, BoE Governor Bailey Speech
• United States: Advance GDP, Core PCE Price Index, PCE Price Index, Personal Income, Personal Spending, Initial Jobless Claims

Friday, July 31

• Australia: Producer Price Index, Private Sector Credit
• China: NBS Manufacturing PMI, NBS Non-Manufacturing PMI
• Japan: Bank of Japan Interest Rate Decision, Quarterly Outlook Report, BoJ Governor Ueda Speech
• Germany: Unemployment Rate, Unemployment Change
• France: Preliminary Inflation Rate, PPI
• Euro Area: Flash Inflation Rate, Flash Core Inflation Rate
• Canada: GDP
• United States: Employment Cost Index, Chicago PMI, Michigan Consumer Sentiment, Michigan Inflation Expectations

Market focus: The main volatility risk is concentrated from Wednesday to Friday, when markets will react to Australian inflation, the Fed decision, the BoE decision, U.S. GDP and PCE data, euro area GDP and inflation figures, and the Bank of Japan decision.

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