Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
5 important events this week will bring us!
Information is not investment advice
- Rate statement by the Bank of Canada (Wed, 17:00 MT (14:00 GMT)) – The changes to the current interest rate are not expected, but the central bank may throw some hints on the possible changes of its monetary policy in the future.
- Australian building approvals and private capital expenditure (Thu, 4:30 MT (1:30 GMT)) – According to the forecasts, the number of building approvals will increase by 0.1%. As for the level of private capital expenditure, it is expected to advance by 0.5%. Higher figures will support the Australian dollar.
- US Preliminary GDP (Thu, 15:30 MT (12:30 GMT)) – The GDP growth of the US is forecast to rise by 3.1%. If the actual level is higher, the USD will get stronger.
- Chinese Manufacturing PMI (Fri, 4:00 MT (1:00 GMT)) – The indicator will affect not only the Chinese yuan but also the risk sentiment in the market, due to the escalation of the US-China trade tensions. According to the forecasts, it will decline to 49.9 points. Higher figures will push the CNH and the risk-weighted currencies higher.
- Canadian GDP (Fri, 15:30 MT (12:30 MT)) – If the actual level of indicator is higher than the forecast, the CAD will rise.
Hot news:
- During the weekend, the US president Donald Trump met with Japanese Prime Minister Shinzo Abe for trade talks. Today they are going to discuss the key issues. According to Trump’s comments on twitter, the sides have made significant progress in trade negotiations, but the final deal is expected to be reached after July's elections in Japan.
- The trade tension between the US and China have intensified. Up to now, we anticipate extra 25% tariffs on $200 billion of Chinese exports to the US and on $60 billion of US exports to China at the end of this week. At the same time, Donald Trump said that the US was not ready to make a trade deal with China.
- After the European elections last week, the EU leaders will decide who will be the next president of the European Central Bank after Mario Draghi. During the EU summit dinner on May 28, they are going to discuss the top political appointments.
- Theresa May resigned from her post as a Prime Minister on Friday. The leaders who may replace Theresa May, including Boris Jonson and Dominic Raab, say they want the EU to reopen the negotiations on the UK withdrawal agreement.
Similar
The US Labor Market And Real Estate Market Are In Focus This Week
Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.
The US national GDP is in focus next week
What's going on with the US GDP? Economists think that the first quarter will be pessimistic. Let's check.
Popular
Will the CPI Crash the USD?
The most impactful releases of this week will fill the market with volatility and sharp movements.
Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
The US Labor Market And Real Estate Market Are In Focus This Week
Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.
Choose your payment system
