Economic Calendar Digest: 2026-08-12
Today's US session features the release of the Treasury Budget for July and the weekly MBA Mortgage Applications Index. While these are not typically top-tier market movers, the Treasury Budget can influence long-term yield expectations, and mortgage data offers a snapshot of the housing sector.
FX traders should note that the Consumer Price Index (CPI) for July is listed as the next major US release on the MacroOdds calendar, indicating that inflation data remains the primary focus for the markets in the near term.
High-Impact Events Today (★★★)
No major high-impact (★★★) releases are scheduled for 2026-08-12 based on the research sources.
Per-Event Educational Context — English
Since no high-impact events are scheduled, we provide educational context on the upcoming CPI release, which is the next major data point on the calendar.
Consumer Price Index (CPI)
- What it is: The Consumer Price Index measures the average change in prices paid by urban consumers for a market basket of consumer goods and services. It is the most widely followed measure of inflation in the US.
- Why it matters: CPI is a primary input for the Federal Reserve's monetary policy decisions. Surprises in the data historically cause significant volatility in USD pairs, as they alter expectations for interest rate hikes or cuts.
- Markets to watch: EUR/USD, GBP/USD, USD/JPY, and Gold (XAU/USD) are typically the most sensitive to CPI releases.
- Source: MacroOdds
Mid-Impact Events (★★)
| Time (UTC) | Country | Event | Forecast | Previous | Affected Pairs |
|---|---|---|---|---|---|
| 14:00 | 🇺🇸 US | Treasury Budget (Jul) | — | −$120.3B | USD pairs |
| — | 🇺🇸 US | MBA Mortgage Applications Index | — | — | USD pairs, USD/MXN |
Note: The Treasury Budget is scheduled for 2:00 PM ET (18:00 UTC). The exact release time for the MBA Mortgage Applications Index was not specified in the research sources.
Trader's Checklist for Today — English
✅ General risk management reminder: even low-impact data can trigger unexpected moves in thin liquidity. ✅ Spread widening is expected during scheduled news releases, especially around the Treasury Budget release at 18:00 UTC. ✅ Recommend reviewing position sizing and stop-loss placement before the US session events.
Compliance Footer — English
⚠️ This page summarizes scheduled economic events for educational purposes. We do not predict market direction or recommend trades. Forecasts shown are market consensus from third-party sources. Verify all data with official central bank / statistics agency sources. Trading is risky. This is not investment advice.
Last updated: 2026-08-12 | Sources: Morningstar, BLS, MacroOdds, BMO Economics, SignalPro, TradingCharts, Federal Reserve