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Cisco & Lowe Earnings, Fed minutes, CPI/WPI Data

Cisco Systems, Inc.

Cisco Systems, Inc. is slated to announce earnings after the market closes on August 17, 2022. The report will cover the fiscal quarter that ends in July 2022. The consensus EPS projection for the quarter is $0.73, according to investment analysts’ forecasts. Last year, the reported EPS for the same quarter was $0.76. 

Lowe’s Companies, Inc.

Lowe’s Companies, Inc. is scheduled to release earnings before the market opens on August 17, 2022. The report will cover the fiscal quarter that ends in July 2022. The consensus EPS expectation for the quarter is $4.63, according to analyst estimates. 

Last year, the reported EPS for the same quarter was $4.25. 

Wage Price Index q/q – AUD

The WPI measures variations in the price of labour that are unaffected by changes in labour force composition, hours worked, or employee characteristics. 

A reading that is higher than expected should be interpreted as positive/bullish for the AUD, while a reading that is lower than expected should be interpreted as negative/bearish for the AUD. 

The seasonally adjusted WPI climbed 0.7% in the June quarter of 2022, falling short of estimates by 0.8% and up 2.6% year on year.

CPI y/y – GBP

The Consumer Price Index (CPI) measures changes in the price of goods and services from the consumer’s point of view. It is an important tool for tracking changes in purchasing patterns and inflation. 

When the statistics begin to move in the same way at an increasing rate, it may indicate an inflationary or deflationary tendency that might shock an economy. The UK is set to report important inflation figures, as well as data on the labour market and retail sales, next week. 

Prepare for the Core Retail Sales m/m – USD release from Census Bureau

Core Retail Sales is an economic indicator that analyses the monthly rise or decrease in consumer spending in most retail categories in the United States, except automobiles. 

In the middle of the week, financial markets will return to the United States, where the Department of Commerce will release data for monthly sales, followed later in the evening by the minutes of the US central bank’s July 27 policy meeting. 

Retail Sales m/m-USD release from the Census Bureau today 17th August 2022

The US Census Bureau’s Retail Sales measure the overall receipts of retail stores. Retail sales percentage fluctuations on a monthly basis are often used as a measure of consumer spending. 

The US Census Bureau’s Retail Sales data is a leading indicator that provides essential information on consumer spending, which has a substantial impact on the GDP. 

It causes a market reaction since it is used to produce estimates of Personal Consumption Expenditures for the majority of items. 

FOMC Meeting Minutes – USD

The Federal Open Market Committee meets eight times a year to analyse economic and financial conditions, establish the appropriate stance of monetary policy, and assess risks to the Fed’s long-run goals of price stability and sustainable economic growth. 

Along with the vote split, investors search for hints about the policy prospects in this publication. An optimistic tone is anticipated to enhance the greenback, but a dovish tone is considered USD-negative. 

The forthcoming FOMC Minutes will be scrutinized for hints of a September rate hike of 0.75%.

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Author

  • Zahari Rangelov

    Zahari Rangelov is an experienced professional Forex trader and trading mentor with knowledge in technical and fundamental analysis, medium-term trading strategies, risk management and diversification. He has been involved in the foreign exchange markets since 2005, when he opened his first live account in 2007. Currently, Zahari is the Head of Sales & Business Development at TraderFactor's London branch. He provides lectures during webinars and seminars for traders on topics such as; Psychology of market participants’ moods, Investments & speculation with different financial instruments and Automated Expert Advisors & signal providers. Zahari’s success lies in his application of research-backed techniques and practices that have helped him become a successful forex trader, a mentor to many traders, and a respected authority figure within the trading community.