The British monthly GDP is announced on Friday at 09:00 MT time.
5 important things this week will bring us!
5 important things you need to know about this week!
RBA Governor Mr. Lowe Speaks (Tue, 01:00 MT time) – traders will get clues on the current economic situation to forecast the further direction of the AUD.
NZ Retail Sales (Wed, 1:45 MT time) – the forecast is encouraging. A chance for the NZD to recover.
Canadian Core Retail Sales (Wed, 15:30 MT time) – the forecast is unknown. Will the CAD get support in times of NAFTA uncertainties?
Jackson Hole Symposium (Thu, Day 1) – a big event where representatives of the financial markets and central banks meet. Clues on the economic conditions are anticipated.
US Core Durable Goods Orders (Friday, 15:30 MT time) – the forecast is encouraging. Chances for the USD to regain previous highs.
US-China talks are resumed. Parties will meet on Aug 22 and Aug 23 to discuss trade disputes. Let’s see whether they agree on something new.
Brexit negotiations are in the arena again. UK Brexit secretary will go to Brussels this week to continue negotiations with the EU. On Thursday, the UK will begin publishing plans on how to keep the economy afloat next March if no trade deal is achieved.
Some news on the NAFTA deal is in place this week. The forecast is cloudy. Any impact on markets is anticipated.
The main market tendency today is that the US dollar is rising against its major peers and riskier assets such as stocks and oil are plummeting.
The US unemployment claims are out on Thursday at 15:30 MT time.
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.
The US dollar’s weakness offered a boost to emerging-market currencies and oil.