Online Trading Academy: Monday Market Must-Knows: August 1, 2022

Will the job market stay strong? Or are we heading for Stagflation?

There are 3 major components for Stagflation:

We know that the first two are happening, and, despite Jerome Powell’s announcement last Thursday of consecutive negative GDP numbers (two quarters in a row), he said that the job market is very strong.

So, it will be important to pay attention to this week’s announcements from the US Employment stats.

* JOLTS ((Job Openings and Labor Turnover Survey) Report — Tuesday 10:00am ET

* Unemployment claims — Thursday 8:30am ET

* Non-Farm employment — Friday 8:30am ET

* Unemployment Rate — Friday 8:30am ET

This week, the following international banks will be announcing rate increases:

* Reserve Bank of Australia — Tuesday 12:30am ET

* Bank of England — Thursday 7:00am ET

There are 1,508 companies reporting this week: Starbucks, CVS, MetLife, Energy Transfer, Berkshire and others.

As always, if you’re in the markets be in the know. Make sure you have proper risk management, a clear trade plan and stick to your rules.

Originally published at https://www.tradingacademy.com on August 1, 2022.