Monday

Europe: The Eurozone will release the last CPI at 09:00 GMT, an expected rate of 1.3%. Unemployment data for June will be known at the same time, is expected to decline to 9.2%.

USA: Chicago PMI for July will be released at 13:45 GMT, a value of 61.0 is expected. Data on sales of houses under construction for June will be published at 14:00 GMT.

Tuesday

Asia: Caixin Manufacturing PMI in China will be published at 01:45 GMT.

Europe: The price data for housing in the UK for July will be released at 06:00 GMT. Later, Markit will publish manufacturing PMI in Germany, the Eurozone and the UK at 07:55, 08:00 and 08:30 GMT, respectively. Also, preliminary data on EU GDP for the second quarter will be published at 09:00 GMT.

USA: The Bureau of Economic Analysis will present its PCE for June at 12:30 GMT with a forecast of an increase of 0.1%. The index covers changes in prices for goods and services and is considered a favorite of the Federal Reserve since helps to keep track of inflation. The Institute for Supply Management will publish its manufacturing PMI for July at 14:00 GMT, a value of 56.5 is expected.

Wednesday

Europe: UK manufacturing PMI for July will be released at 08:30 GMT with a forecast of 54.0.

US: Data on employment change in the non-food sector will be published at 12:15 GMT, an increase in jobs by 188,000 is expected. Attention will also be directed to information on crude oil reserves from the Energy Information Administration, which will become known at 14:30 GMT. Representatives of the Open Market Operations Committee, Mester and Williams, will speak at 16:00 and 19:30 GMT, respectively.

Thursday

Asia: Caixin Chinese PMI for Services will be released at 01:45 GMT.

Europe: Germany’s PMI in the service sector for July will be known at 07:55 GMT with an expectation of 53.5. The ECB will publish an economic summary at 08:00 GMT and investors will most likely pay attention to it in search of hints of further changes in monetary policy. Markit will publish PMI in the services sector of the European Union and the United Kingdom at 08:00 and 08:30 GMT, respectively. Thursday will be a key date for GBPUSD traders, since The Bank of England will meet for a monetary policy meeting. The value of the rate will be known at 11:00 GMT and the speech of the Governor of the Bank of England, Mark Carney, is scheduled for 11:30 GMT.

US: Primary data on applications for unemployment benefits will be published at 12:30 GMT. Data on the volume of production orders for June is expected at 14:00 GMT with the expectation of an increase of 2.8%. At the same time, ISM will publish a non-manufacturing PMI.

Friday

United States: Average hourly rates for July and April 2012. Baker Hughes oil rig count is due at 17:00 GMT.

United States: At 12:30 GMT, data on average hourly earnings, non-farm employment and unemployment are expected to be published in July. Baker Hughes report on the number of drilling rigs will be released at 17:00 GMT.

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