Let’s see which news releases could move the currency markets on Wednesday, the 2nd of August. This is the Economic Calendar.
Swiss Consumer Confidence for July is out first at 5:45 AM. The previous report covered the three months up to April and showed a drop of 5 points, which brought the Index back to its long-term average.
Swiss Retail Sales for June follow at quarter past 7. Now, sales have been declining for the past 2 months, but this release is expected to show a recovery.
Swiss July PMI will be available at 7:30. The June Index surprised very much on the upside, soaring to a 6-year high.
UK Construction PMI for July comes at half past 8, and the Index slipped in June, having soared to a 17-month high the previous month.
Euro Zone June Producer Price Index is out at 9. The Index saw a rather sharp drop in May, mainly due to a drop in energy costs.
Coming up next at 12:15 PM GMT is the US ADP Employment Change for July. The June data surprised on the downside, posting the weakest growth in 7 months, although the report did note the labour market remains solid.
There’s little on the schedule until half past 11 in the evening when the Australian Performance of Services Index for July is released. The Index went up by 3.3 points in June as growth was recorded across all sub-indices.
Japanese Services PMI for July is out at half past midnight. The Index continued growing in April, reaching its highest level in almost 2 years.
And Australian Trade Balance for June will be available at 1:30. Trade surplus widened significantly in May on the back of a strong growth in exports.
That’s all for Wednesday’s Economic Calendar. I’m Celeste Skinner and Thursday brings the latest Bank of England Inflation Report, so make sure you check back.

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