The New Zealand interest rate is announced on Wednesday at 05:00 MT time.
5 important events this week will bring us!
- British average earnings index (Tue, 11:30 MT (8:30 GMT) time) – According to the forecasts, the indicator is expected to advance by 3.7%. Higher figures will be positive for the British pound.
- US CPI and core CPI (Tue, 15:30 MT (12:30 GMT) time) – The headline indicator is forecast to increase by 0.3%. At the same time, its core level is expected to increase by 0.2%. Higher-than-expected indicators will push the USD up.
- British CPI (Wed, 11:30 MT (8:30 GMT) time) – As for the British indicator of consumer inflation, it is expected to rise by 1.9%.
- Australian jobs data (Thu, 4:30 MT (1:30 GMT) time) – We anticipate the level of employment change for Australia to boost by 14.2 thousand jobs with the unemployment rate staying stable at 5.2%. Higher figures of employment change and lower unemployment rate are desired for the AUD bulls.
- US retail sales and core retail sales (Thu, 15:30 MT (12:30 GMT) time) – The level of retail sales is forecast to increase by 0.3%, while core retail sales will likely advance by 0.4%.
The US dollar has broken through the key resistance, it failed to cross since March so far. Riskier assets are dipping. Let’s discuss it in detail.
Services and Manufacturing PMIs are out on Wednesday at 11:30 MT time.
The market sentiment remains risk-off amid rising virus cases around the world and fears over new restrictions and lockdowns.