Date : 17th August 2020. Events to Look Out for This Week. As the month of August moves into week 3, uncertainties both fresh and familiar keep challenging the markets, driving volatility in the bond market as rates bounce off record lows and stock markets consolidate. The cooling worries over the second wave of the viral pandemic, and continuing US-China frictions, even as talks are due to resume and the impasse over a new US stimulus bill all expected to hold in the week ahead. Have a look at the most important events of the coming days in our usual weekly publication. Tuesday – 18 August 2020 RBA Meeting Minutes (AUD, GMT 01:30) – No surprises from the RBA in their last meeting are expected, the cautious “do all we can” prose is likely to continue. Lowe talked of interest rate hikes not being on the cards for at least 3 years this week. Building Permits & Housing Starts (USD, GMT 12:30) – Permits are expected to show a rise to 1.30 million form 1.258 million last month whilst Starts are expected to decline from 1.186 million to 1.70 million, overall this would still show a resilient US housing market. Wednesday – 19 August 2020 FOMC Minutes (USD, GMT 18:00) – The Federal Open Market Committee minutes ability to shock have lost the power they once had, however, they remain the key documented account of the discussions that take place (on-line) between the decision makers of the FED. Watch for the tone of the talk of recovery, any reference to negative interest rates (even a reference would be something), the spectre of inflation and the on-going issues with the yield curve. Consumer Price Index (GBP, GMT 06:00) – The headline CPI for July is expected at a 0.6% July (y/y) and with a 1.4% core price rate, following June figures of 0.6% for the headline and 1.1% for the core. OPEC – JMMC Meeting (All Day) Thursday – 20 August 2020 US Weekly Claims (USD, GMT 12:30) – Following last week’s final breach of 1.0 million this week claims data will be eagerly watched to see if the decline continues. German Consumer Confidence & PPI Data (EUR, GMT 06:00) – The German PPI & Consumer confidence will provide another key indicator to the recovery in German sentiment and prices. Last week the COVID cases showed a worryingly geographically widespread spike. Friday – 21 August 2020 Markit PMI Composite (EUR, GMT 07:30) – expected to show a decline to 50.3 from 54.9 last time UK Markit Services PMI (GBP GMT 08:30) – expected to show a decline from last month’s 56.5 to 55.9. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Stuart Cowell Head Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.