Our weekly forex outlook for the week of August 08, 2026 highlights the high-impact economic events and market themes traders should watch. All times are approximate; verify against your broker’s calendar before trading.
Key Economic Events This Week
- OPEC-JMMC Meetings (All) – 08-02-2026 9:15am, impact: Medium
- CPI m/m (CHF) – 08-03-2026 6:30am, impact: Medium, forecast -0.1%, previous 0.0%
- ISM Manufacturing PMI (USD) – 08-03-2026 2:00pm, impact: High, forecast 54.0, previous 53.3
- ISM Manufacturing Prices (USD) – 08-03-2026 2:00pm, impact: Medium, forecast 70.0, previous 73.0
- JOLTS Job Openings (USD) – 08-04-2026 2:00pm, impact: Medium, forecast 7.44M, previous 7.59M
- Employment Change q/q (NZD) – 08-04-2026 10:45pm, impact: High, forecast 0.1%, previous 0.2%
- Unemployment Rate (NZD) – 08-04-2026 10:45pm, impact: High, forecast 5.4%, previous 5.3%
- Employment Change (CAD) – 08-07-2026 12:30pm, impact: High, forecast 17.8K, previous 18.2K
- Unemployment Rate (CAD) – 08-07-2026 12:30pm, impact: High, forecast 6.5%, previous 6.5%
- Ivey PMI (CAD) – 08-07-2026 2:00pm, impact: Medium, forecast 55.4, previous 56.2
Market News in Focus
- Senate Republicans narrowly confirm Todd Blanche as attorney general
- Typhoon Dolphin hits Japan’s Okinawa, China shuts ports ahead of landfall
- Klesch becomes Germany’s second-largest oil refiner after BP deal
- Delaware court blocks Verisk’s exit from $2.35 billion AccuLynx deal
- Australia unions push on with strike at BHP’s Port Hedland iron ore operations
- Situational Awareness invested $500 million in chip startup Source Foundry
Trading Takeaway
High-impact releases can widen spreads and spike volatility. Trade liquid pairs, respect your risk rules, and use a stop-loss on every position. Beginners should practise on a demo account first.
High-impact events (like CPI, NFP, central-bank decisions) move currencies most. They often widen spreads and spike volatility, so traders size positions carefully around them.
Use a stop-loss, avoid over-leverage, and consider waiting for the initial spike to pass. Beginners should practise on a demo account first.
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