Highlights of the week

• US CPI and PPI will drive USD and yields.
• The RBA decision will test AUD rate support.
• UK GDP and US retail sales will gauge demand.

What Now

US inflation and the RBA decision lead the week. After headline CPI eased from 4.2 percent in May to 3.5 percent in June, renewed inflation would lift yields and USD, while softer CPI and PPI would support Fed-easing expectations. A hawkish RBA hold would support AUD. US retail sales and UK GDP will test demand, with weaker data favoring bonds and weighing on USD or GBP.

Market Events and Announcements (GMT+3)

Monday, August 10, 2026

• No major events scheduled

Tuesday, August 11, 2026

• All Day – Japan (JPY) – Mountain Day holiday
• 07:30 – Australia (AUD) – RBA Interest Rate Decision for August, previous 4.35 percent
• 17:00 – United States (USD) – Existing Home Sales for July, previous 4.09M

Wednesday, August 12, 2026

• 09:00 – Germany (EUR) – CPI MoM Final for July, previous 0.80 percent
• 15:30 – United States (USD) – CPI YoY for July, previous 3.50 percent
• 15:30 – United States (USD) – CPI MoM for July, previous -0.40 percent
• 15:30 – United States (USD) – Core CPI MoM for July, previous 0.00 percent
• 20:00 – United States (USD) – 10-Year Note Auction, previous 4.580 percent

Thursday, August 13, 2026

• 09:00 – United Kingdom (GBP) – GDP Growth Rate YoY Preliminary for Q2, previous 0.90 percent
• 09:00 – United Kingdom (GBP) – GDP MoM for June, previous 0.10 percent
• 09:00 – United Kingdom (GBP) – GDP Growth Rate QoQ Preliminary for Q2, previous 0.60 percent
• 15:30 – United States (USD) – PPI MoM for July, previous -0.30 percent
• 15:30 – United States (USD) – Initial Jobless Claims

Friday, August 14, 2026

• 15:30 – United States (USD) – Core Retail Sales MoM for July, previous -0.20 percent
• 15:30 – United States (USD) – Retail Sales MoM for July, previous 0.20 percent