USD/CHF and EUR/CHF rose to tactical highs. What's next?
Is there any hope for the kiwi?
Information is not investment advice
The Reserve bank of New Zealand will make its rate statement and publish its official interest rate on March 27, at 3:00 MT time. The bank is not going to make any changes to its interest rate, but we need to pay attention to the tone of the statement. During the February's meeting, the RBNZ Governor Adrian Orr said that the current interest rate would be kept at the current level through 2019 and 2020. Despite this dovish statement, he sounded optimistic about the economic outlook. As a result, the kiwi was boosted. Will it happen this time?
• If the RBNZ is positive, the NZD will rise;
• If the RBNZ is negative, the NZD will fall.
Eurozone, France, and Germany will publish the flash services and manufacturing PMIs on February 19, from 10:15 to 11:00 MT time
Australia will publish the employment change and unemployment rate on February 18, at 02:30 MT time.
Great news for oil bulls! OPEC and its allied producers agreed to expand output cuts for the next month.
The USD skyrocketed after Fed Powell’s speech. OPEC and allied producers agreed to extend production cuts for another month. Oil surged.
The European Central Bank publishes its monetary policy statement that includes an announcement of the interest rate on March 11, at 14:45 MT time.