5 important events this week will bring us!

5 important events this week will bring us!

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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