Negotiations between Iran, the United States, and the member states of the Gulf Cooperation Council regarding access to the Strait of Hormuz will continue to exert key influence on global energy prices and the trajectory of interest rates. In the United States, key consumer‑inflation data is scheduled, along with reports on the Producer Price Index (PPI), retail sales, and the University of Michigan Consumer Sentiment Index. In the European region, the United Kingdom and the Eurozone will publish second‑quarter gross domestic product figures. Among G10 central banks, rate‑decision announcements will come from the regulators of Australia and Norway, while the Bank of Japan will release its July “Summary of Opinions.”
ሰኞ, August 10
On Monday, markets will be watching Norway’s consumer inflation data, which serves as a critical domestic catalyst for the Norwegian Krone (NOK). With consensus forecasts pointing toward an annual headline inflation rate of around 2.5% following the previous print of 2.7%, market participants are closely evaluating whether price growth is steadily returning to Norges Bank’s 2% target. A softer-than-expected inflation print would increase pressure on the central bank to signal a pivot, potentially triggering further downside momentum for the Krone.
የእለቱ ዋና ዋና ክስተቶች:
- Norway Inflation Rate (m/m) at 09:00 (GMT+3) – NOK (MED)
ማክሰኞ, August 11
For Tuesday, August 11, 2026, the economic calendar features a high-impact policy decision from the Reserve Bank of Australia (RBA), paired with domestic business sentiment metrics and US housing data. Market consensus overwhelmingly points to the central bank keeping the official cash rate unchanged at 4.35%, following recent quarterly consumer price data that showed inflation tracking slightly below earlier expectations. Because the threat of an immediate near-term rate hike has largely faded, investors will instead dissect the accompanying statement and updated economic forecasts to gauge how long the RBA intends to maintain its restrictive stance before considering any easing cycle. Later in the day, the economic focus transitions across the Pacific to the United States with the release of existing home sales figures. This data serves as an important indicator of housing market activity under a prevailing high-interest-rate environment.
የእለቱ ዋና ዋና ክስተቶች:
- Australia NAB Business Confidence (m/m) at 04:30 (GMT+3) – AUD (MED)
- Australia RBA Interest Rate Decision (m/m) at 07:30 (GMT+3) – AUD (HIGH)
- Australia RBA Monetary Policy Statement (m/m) at 07:30 (GMT+3) – AUD (HIGH)
- US Existing Home Sales (m/m) at 17:00 (GMT+3) – USD (MED)
ረቡዕ, August 12
On Wednesday, the economic agenda focuses on crucial inflation updates from Europe and the United States, alongside the latest energy market inventory data. The European session highlights the final German Consumer Price Index (CPI) reading for July. Preliminary estimates indicate that Germany’s annual inflation rate ticked up to 2.8% – exceeding initial expectations – largely driven by an acceleration in energy price pressures. In the afternoon, global attention shifts heavily to the United States Consumer Price Index (CPI) release for July. Following a better-than-expected cooling headline print of 3.5% in June, analysts anticipate further modest normalization, with consensus projections hovering near 3.4% year-on-year. Because the Federal Reserve remains closely data-dependent regarding its “higher-for-longer” path, any surprise acceleration or stickiness in core readings could spark immediate volatility across the US dollar and equity markets.
የእለቱ ዋና ዋና ክስተቶች:
- German Inflation Rate (m/m) at 09:00 (GMT+3) – EUR (MED)
- US Consumer Price Index (m/m) at 15:30 (GMT+3) – USD (HIGH)
- US Crude Oil Reserves (w/w) at 17:30 (GMT+3) – WTI (HIGH)
ሐሙስ, August 13
On Thursday, the economic agenda features a heavy roster of international growth metrics, regional inflation updates, and a key monetary policy decision from Norges Bank. The European morning highlights the UK’s monthly economic package, featuring preliminary GDP, industrial production, and trade balance data. Following a resilient performance in the prior quarter, the UK economy is expected to have expanded at a softer pace of about 0.2% quarter-on-quarter. However, analysts will scrutinize the figures for signs of manufacturing strain under lingering energy and supply-chain pressures. Concurrently, Norges Bank delivers its interest rate decision. With the policy rate held steady at 4.25% and underlying domestic price pressures remaining somewhat sticky, markets will focus closely on whether policymakers signal an impending rate hike to steer inflation sustainably back to target.
Later in the session, attention shifts to North America for the release of the US Producer Price Index (PPI) and weekly initial jobless claims. Following the previous day’s consumer inflation figures, the PPI report will offer vital wholesale-level insights into pipeline price pressures, helping investors gauge whether corporate input costs are stabilizing.
የእለቱ ዋና ዋና ክስተቶች:
- Japan Producer Price Index (m/m) at 02:50 (GMT+3) – JPY (MED)
- New Zealand Inflation Expectation (m/m) at 06:00 (GMT+3) – NZD (MED)
- Sweden Inflation Rate (m/m) at 09:00 (GMT+3) – SEK (MED)
- UK GDP (q/q) at 09:00 (GMT+3) – GBP (MED)
- UK Industrial Production (m/m) at 09:00 (GMT+3) – GBP (MED)
- UK Manufacturing Production (m/m) at 09:00 (GMT+3)
- UK Trade Balance (m/m) at 09:00 (GMT+3) – GBP (MED)
- Switzerland Producer Price Index (m/m) at 09:30 (GMT+3) – CHF (LOW)
- Norway Norges Bank Interest Rate Decision at 11:00 (GMT+3) – NOK (HIGH)
- Eurozone Industrial Production (m/m) at 12:00 (GMT+3) – EUR (LOW)
- US Producer Price Index (m/m) at 15:30 (GMT+3) – USD (MED)
- US Initial Jobless Claims (w/w) at 15:30 (GMT+3) – USD (MED)
- US Natural Gas Storage (w/w) at 17:30 (GMT+3) – XNG (HIGH)
አርብ, August 14
On Friday, the economic calendar wraps up the week with final updates on Eurozone economic growth and employment, alongside high-stakes consumer data from the United States. The European session centers on the release of the second-quarter Eurozone GDP growth rate, employment change, and trade balance metrics. Following preliminary estimates that pointed to a moderate 0.4% quarter-on-quarter expansion, markets will closely scrutinize these finalized figures and employment data to verify whether regional demand is stabilizing despite ongoing headwinds. In the afternoon, attention shifts firmly to the United States for the monthly Retail Sales report. As a primary gauge of consumer spending resilience amid a higher-for-longer interest rate landscape, this data will help determine whether household consumption remains robust or is beginning to exhibit fatigue.
የእለቱ ዋና ዋና ክስተቶች:
- Australia RBA Gov Bullock Speech at 02:30 (GMT+3) – AUD (LOW)
- Eurozone GDP (q/q) at 12:00 (GMT+3) – EUR (MED)
- Eurozone Employment Change (q/q) at 12:00 (GMT+3) – EUR (MED)
- EurozoneTrade Balance (q/q) at 12:00 (GMT+3) – EUR (LOW)
- US Retail Sales (m/m) at 15:30 (GMT+3) – USD (MED)
- US Michigan Consumer Sentiment (m/m) at 17:00 (GMT+3) – USD (MED)
ይህ ጽሑፍ የግል አስተያየትን የሚያንፀባርቅ ሲሆን እንደ የኢንቨስትመንት ምክር እና/ወይም አቅርቦት እና/ወይም የፋይናንስ ግብይቶችን ለማከናወን ተደጋጋሚ ጥያቄ እና/ወይም ዋስትና እና/ወይም የወደፊት ክስተቶች ትንበያ ተደርጎ መተርጎም የለበትም።