Russian-Ukrainian conflict is influencing every economic aspect…
5 important events this week will bring us
- 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.
- 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.
Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
The volatility that the markets experienced last week promises the second tidal wave! What should your favorite assets anticipate during the first week of February?
The US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.