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
- RBA rate statement (Tue, 5:30 MT (3:30 GMT)) – According to forecasts, the interest rate will remain steady at 0.75%. We will keep an eye on the monetary policy statement, where the regulator may throw some hints on the possible changes to the monetary policy.
- Canada’s trade balance (Tue, 15:30 MT (13:30 GMT)) – If the actual level of indicator is higher than the forecasts, the CAD will go up.
- New Zealand’s employment change and unemployment rate (Tue, 23:45 MT (21:45 GMT)) – Analysts anticipate the employment change to increase by 0.2%. At the same time, the unemployment rate is forecast to rise to 4.1%. Higher-than-expected figures of employment change and lower level of the unemployment rate will be NZD-positive.
- BOE monetary policy summary (Thu, 14:00 MT (12:00 GMT)) – The interest rate is expected to stay at 0.75%. The possible move for the British pound may come with the release of the monetary policy statement. Any hawkish comments concerning the bank’s policy amid the Brexit mess will support the British pound.
- Canada’s employment change and unemployment rate (Fri, 15:30 MT (13:30 GMT)) – If the actual level of employment change is higher and the unemployment rate is lower than the forecasts, the Canadian dollar will get positive momentum.
Hot news:
- During the ASEAN summit this weekend, Commerce Secretary Wilbur Ross expressed optimism that the US would reach a “phase one” trade deal with China this month and said licenses would be coming soon for American companies to sell components to Huawei Technologies Co. The news boosted the risk-on sentiment in the markets.
- Christine Lagarde will make her first speech as a president of the European Central Bank this evening at 20:30 MT (18:30 GMT) time.
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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.
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