August 1 - Germany's PMI Manufacturing Index will provide some insight into the eurozone's strongest economy. Traders will be looking for a reading that surpasses last period's 45.0 reading and ideally a reading above 50.0, indicating growth in the manufacturing sector.
The U.S. will release its ISM Manufacturing Index that will provide insights into growth in its manufacturing sector. Traders will be looking for a reading above last period's 49.7 reading to indicate resumed growth among its manufacturers.
The U.S. Federal Reserve will also release its FOMC meeting details, which should help provide some broad economic insights. Traders don't expect interest rates to be changed, but the markets will keep an eye out for the report's sentiment on the overall economy.
August 2 - The Bank of England (BOE) will release its meeting details, which should also provide some insights to its economy. Traders aren't expecting much movement in terms of the interest rate, although there is pressure on British leaders to stimulate growth.
The European Central Bank (ECB) will release its meeting details, which should, again, provide details on the eurozone economy. Last period, the ECB lowered rates by 25 basis points, but traders aren't expecting much of a change given continued issues in the region.
SEE: Is It Eurobonds Or Bust For The Eurozone?
The U.S. will release its jobless claims report, which will provide insights on the country's stagnant employment situation. Traders aren't very optimistic on large improvements, so any upside could result in positive movement for the dollar.
August 3 - The European Union (EU), Germany and Britain are set to release their PMI Services index, which will shed light on the regions' service economy, which accounts for the majority of its GDP. Traders will be looking for a reading above 47.1 for the eurozone, 49.9 for Germany and 51.3 for Britain.
The U.S. will release its closely watched jobs report, which is expected to show another weak reading amid an increasingly slowing economy. Traders will be looking for an improvement over last period's 80,000 payroll figure with a particular focus on at least breaking even.
August 7 - Italy will release its GDP figure, which is significant because of the country's perilous position in the E.U. at the moment. Traders will be looking for an improvement over last period's 0.8% contraction and a positive surprise could result in a euro rally.
August 12 - Japan will release its GDP figure, which is expected to show continued growth for the economy. Traders will be watching for any weakness for a sell signal, while an overly positive movement in the yen could result in BOJ intervention.
August 14 - Germany and the EU will release their GDP Flash, providing insight into economic growth, while the EU will also release its industrial production report. Traders will be looking for signs of improvement amid ongoing eurozone uncertainty.
SEE: Countries With The Highest Government Spending To GDP Ratio
August 15 - Britain will release its Labor Market Report, which will shed light on its employment situation. Traders are watching for improvements as the country's economy moves into its third quarter of GDP contraction.
August 23 - Germany and the EU will release their PMI Services Index Flashes, while Germany will also release its PMI Manufacturing Index Flash. Traders will look for improvements over Germany's 43.3 manufacturing reading, 49.7 services reading and 47.6 EU service reading.
August 24 - Britain will report its closely watched GDP figure, which traders believe will continue to show weakness. If true, a weak reading could signal additional political pressure that could ultimately result in some monetary policy or stimulus changes.
August 30 - The EU will release its EC Economic Sentiment report, which will provide some hints on any changes in economic outlooks. Traders will look for any signs of improvement amid an otherwise bearish environment for the euro.
Japan will release its industrial production figures, which will provide additional insight on the health of its manufacturing sector. As a key driver of its economy, traders will closely watch the report for continued signs of growth and for any monetary policy change clues.
TradingInvestors that understand and utilize the U.S. GDP report have a significant advantage over those that don't.
InsightsThe Purchasing Managers’ Index, or PMI as it is commonly called, is an indicator of the economic health of the manufacturing sector.
TradingThe pound is one of the world's most popular traded currencies, and is heavily impacted by these factors.