Many major companies will be releasing their earnings reports, affecting their own stock prices and related indices in the US (such as the Nasdaq). Among the companies releasing earnings this month are: Apple, Disney, Cisco, Pfizer, Procter and Gamble, and Snap Inc.
August 1st, 2017
The Bitcoin network will roll out Bitcoin improvement proposal 148 (BIP148) which is intended to make the blockchain network scale more effective. However, in order for it to be fully implemented, 95% of the Bitcoin mining community has to signal that they accept the change. If enough miners reject the proposal, the Bitcoin blockchain network could split into two or more separate cryptocurrencies.
To learn more about the Bitcoin fork, click here.
August 4th, 2017
Released monthly, the NFP report is considered one of the leading indicators of the American economy’s health. Traders and investors follow it closely, as it has the potential to impact the US dollar and leading indices such as the Dow Jones and S&P 500.
August 9th, 2017
The Reserve Bank of New Zealand will be announcing its Official Cash Rate. The rate decision is considered the single most influential factor in the New Zealand dollar’s valuation and is released 8 times per year.
August 16th, 2017
The Federal Open Market Committee (FOMC) is a very influential force in the US economy. While rate decisions have an immediate impact on the market, meeting minutes could provide insight into long-term strategy and overall market approach. Traders and investors will be waiting for the minutes’ release to see if they could pick up clues regarding the Fed’s future plans.
August 30th, 2017
Gross Domestic Product (GDP) is one of the leading indicators of a country’s overall economic health. In the US, each quarterly figure is released in a cycle of three reports. While the Advance (first) release is considered to have the highest impact on the market, this release (Preliminary) and the Final release also carry great market significance.
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