The Non-Farm Payrolls are out at 15:30 MT time on December 6.
5 important events this week will bring us
- British preliminary yearly GDP growth rate (Mon, 11:30 MT time (09:30 GMT)) – according to forecasts, the yearly GDP growth rate will be at 1.1% against the higher 1.3% previous mark. The GBP price shall not change much unless the release is higher than the expectation.
- New Zealand’s interest rate statement (Wed, 06:00 MT time (04:00 GMT)) – The Reserve Bank of New Zealand may lower the interest rate to 0.75% on Wednesday form the current 1% if they decide that the economy needs monetary stimulus. If the rate stays at 1%, the NZD shall rise.
- American Consumer Price Index (Wed, 18:30 MT time (16:30 GMT)) – The analysts anticipate the coming consumer price marks to be at 0.3% for the monthly CPI and 0.2% for the core monthly CPI. If the indicators are higher than the forecast, the USD shall gain strength.
- Australian jobs data (Thu, 05:30 MT time (03:30 GMT)) – The forecasted employment change is 16.2K against the previous 14.7K, while the unemployment is expected to stay unchanged at 5.2% in Australia. If the readings are better than the forecast, the AUD will rise.
- European quarterly GDP growth rate (Thu, 12:00 MT time (10:00 GMT)) – The quarterly GDP growth rate is expected to stay unchanged at 0.2%. The price of the euro shall not be affected unless the release is different from the forecast.
During the weekend the US president Trump made another worrying statement advising that China may be interested in the trade deal more than he is; on Tuesday he shall give another speech to clarify the US-China trade war positioning
Black Friday for the currency market: the Non-Farm Payrolls are out!
The GBP is surging, the AUD inched lower and the MXN has strengthened
The British pound has rallied versus the other major currencies on the growing expectations that Prime Minister Boris Johnson would win a majority at December 12 election.