Is Your Trading Strategy Ready for What’s Coming this week?

As we enter the first full trading week of August, global markets are lining up for a series of impactful economic events. From inflation data and job reports to central bank announcements, this week is packed with opportunities and potential volatility. Whether you're trading forex, commodities, indices, or crypto, one thing is clear: the moves are coming.

The action starts on Monday, August 4, with Switzerland’s CPI release. Inflation readings like this are crucial in shaping central bank policy. If CPI comes in hotter or cooler than expected, the Swiss franc could see a sharp reaction. It’s also a key sentiment driver to watch at the start of the week. Traders should stay alert for early market direction signals.

Tuesday, August 5, Tuesday brings a major U.S. data release the ISM Services PMI. This index offers insight into the strength of the U.S. services sector and often triggers strong reactions across the dollar, stock indices, and even gold. A stronger-than-expected print may revive expectations of more hawkish Fed policy, making this one of the week’s most closely watched numbers.

Then on Wednesday, August 6, Wednesday kicks off early with employment change and unemployment rate figures out of New Zealand. While the release happens in the quiet hours, it has the power to create outsized moves in NZD pairs. Job numbers are key for shaping rate expectations from the Reserve Bank of New Zealand, so traders should be prepared for potential volatility during this period of thinner liquidity.

Thursday, August 7 is packed, the Bank of England is front and center, delivering its Monetary Policy Report, Policy Summary, and vote breakdown all before the interest rate decision hits. Expect increased volatility in GBP as traders digest forward guidance, inflation projections, and voting splits. Adding to the pressure, the U.S. also releases its weekly unemployment claims in the afternoon. Together, these releases make Thursday a potential turning point in the market.

Finally, the week wraps up on Friday, August 8 with Canada’s employment data. Traders will be watching for signs of labor market strength or softness, which could influence future Bank of Canada policy. With the Canadian dollar recently responding well to economic surprises, this release could offer a clean technical setup going into the weekend.

This week isn’t just about data, it’s about decision-making. When you know what’s coming, you shift from reacting to anticipating. At Global Gold and Currency Corporation, we help traders get ahead of the curve with timely updates, expert analysis, and a dedicated relationship manager who understands your goals.