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5 important events this week will bring us!

5 important events this week will bring us!

Information is not investment advice

The start of the week was quite nervous with the escalation of trade tensions between the US and China and increased risk-off sentiment in the markets. Let's focus on the positive side and pay attention to the upcoming events with a high impact on the market.
  • RBNZ rate statement (Wed, 5:00 MT (2:00 GMT) – The market anticipates a rate cut by 25 basis points from 1.5%. If it happens and the statement is dovish, the NZD will fall.
  • Speech by the RBA governor Philip Lowe (Fri, 2:30 MT (23:30 GMT)) – After the RBA kept its interest rate unchanged on Tuesday, it would be interesting to hear his comments on the further steps by the bank.
  •  British GDP growth (Fri, 11:30 MT (8:30 GMT)) – Analysts anticipate the level of GDP growth to advance by 0.1%. Higher figures will be positive for the British pound.
  • British manufacturing production (Fri, 11:30 MT (8:30 GMT)) – According to the forecasts, the indicator will decline by 0.1%. If the actual level is higher, the GBP will go up.
  • Canadian employment data (Fri, 15:30 MT (12:30 GMT)) – If the employment change is higher and the unemployment rate is lower than the forecasts, the CAD will rise.

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