5 important events this week will bring us!

• Canadian GDP growth (Tue, 15:30 MT) – If the indicator outperforms the forecasts, the loonie will get boosted.
• Jobs data for New Zealand (Wed, 01:45 MT) – Analysts anticipate the level of employment change to increase by 0.5%. As for the unemployment rate, it is projected to decline to 4.2%. Higher figures for the employment change and lower for the unemployment rate will be positive for the NZD.
• FOMC statement (Wed, 21:00 MT) – The Federal Reserve will keep its interest rate unchanged at 2.5%. Traders need to pay attention to the tone of the statement and comments by the Fed Chair Jerome Powell. If they are hawkish, the USD will be supported.
• BOE monetary policy summary (Thu, 14:00 MT) – The Bank of England’s future steps have been covered with the Brexit fog after the previous meeting, that is why any supportive comments by the BOE governor will be good for the GBP.
• NFP (Fri, 15:30 MT) - The most anticipated indicator will advance by 181 thousand payrolls, according to forecasts. If the actual level is higher, the USD will rise.

Hot topics:

• The US-China trade talks will continue this week on April 30 in Beijing. According to the US Treasury Secretary Steven Mnuchin, the sides are heading close to the final agreement. However, the key issues including intellectual property and forced technology transfer are still unresolved. Positive progress in these negotiations will increase the risk-on sentiment in the market.
• Oil fell after the demand of US president Donald Trump to raise the output to soften the impact of the American sanctions against Iran.
• Theresa May tries to find a way to secure the Brexit deal before the EU elections on May 23. Reportedly, the government is not ready to have another vote for the deal in Parliament this week.

Similar

15.08.2019 10:15 Market updates on August 15

The risk sentiment remains under pressure after the comments by China about the countermeasures against the US tariffs. Thus, the AUD/USD and the USD/JPY pairs will be under our attention.

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14.08.2019 13:05 Attention: risk sentiment is off

During the European trading session, both the US and the UK yield curves inverted.

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14.08.2019 09:32 Market updates on August 14

Levels for Wednesday's trading

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