The Fed Reserve meeting at Jackson Hole this week, a key event for investors

Significant events to watch:

-USA (USD): New Home Sales

-USA (USD): Initial Jobless Claims

USA (USD): U.S. New Home Sales – New Home Sales measures the annualized number of new single-family homes that were sold during the previous month. This report tends to have more impact when it’s released ahead of Existing Home Sales because the reports are tightly correlated. The previous data was 697k while the forecast was 725k.

The report is due Wednesday, August 23, 2023 19:30 GMT

USA (USD): U.S. Initial Jobless Claims – Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week. The previous actual data was 248k while the forecast was 230k.

The report is due Thursday, August 24, 2023 18:00 GMT

Risers and Fallers

-Dow Jones (+0.08%)

-Amazon Inc. (-0.57%)

-EURUSD (+0.08%)

-Crude oil (+1.26%)

Dow Jones – The Dow Jones increased 0.08% on Friday, reaching $34,500.66 at the market close. Nvidia earnings and the Fed gathers for Jackson Hole this week, should be interesting to watch for investors.

Amazon Inc. (NASDAQ: MSFT) – Stocks were flat on Friday, Amazon declined 0.57%, closing at $133.22 per share.

EURUSUD – EURUSD increased 0.08% on Friday. The pair reached a daily high 1.09. It is trading at 1.0881.

Crude Oil – Crude oil increased 1.26% on Friday.  Oil reached a daily high and low of $81.61 and $79.59, respectively.  Oil is trading at $81,40 per barrel.

Vantage does not represent or warrant that the material provided here is accurate, current, or complete, and therefore should not be relied upon as such. The information provided here, whether from a third party or not, is not to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any financial instruments; or to participate in any specific trading strategy. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. We advise any readers of this content to seek their own advice. Without the approval of Vantage, reproduction or redistribution of this information is not permitted.