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Events to Look Out for Next Week

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  • Jackson Hole Symposium (Day 2)
  • IFO Business Climate, Assessment & Expectations (EUR, GMT 08:00) – The German IFO Business Climate is forecasted to fall to 86.7 in August down from 87.3, with Business expectations a bit optimistic, at 83.7 from 83.5.
  • Michigan Sentiment (USD, GMT 14:00) – The revised Michigan Sentiment report is expected to reveal no change to the preliminary headline drop to 71.2 from the 2-year high of 71.6 in July, versus an all-time low of 50.0 in June of 2022, an 88.3 cycle-high in April of 2021, and an early-pandemic bottom of 71.8 in April of 2020. We’ve seen an erratic updraft in the confidence indicators since mid-2022, though all of the measures have deteriorated sharply from mid-2021 peaks. All the surveys face headwinds from elevated mortgage rates, tightening credit conditions, and ongoing recession fears.

Click here to access our Economic Calendar

Andria Pichidi

Market Analyst

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.






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Having completed her five-year-long studies in the UK, Andria Pichidi has been awarded a BSc in Mathematics and Physics from the University of Bath and a MSc degree in Mathematics, while she holds a postgraduate diploma (PGdip) in Actuarial Science from the University of Leicester.


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