This year, UK private-sector employers are planning to give staff a basic annual pay leap of 2…
5 important things this week will bring us!
5 important things you need to know about this week!
US PPI (Wed, 15:30 MT time) – the USD needs strong support to exit the 95-95.50 channel. The forecast is encouraging; however, the actual data should beat the forecast to pull the USD up.
BOE Official Bank Rate (Thu, 14:00 MT time) – the market doesn’t expect any changes in the interest rate. However, clues on the future monetary policy will determine the further direction of the pound.
ECB Meeting (Thu, 14:45 MT time) – the market looks for the clues on the further tapering of the quantitative easing. If the bank is hawkish, the euro will rise.
US CPI (Thu, 15:30 MT time) – inflation data is the major driver of the currency. If the actual data is greater than the forecast, the USD will appreciate.
US Retails Sales (Fri, 15:30 MT time) – retail sales is one of the most important economic data. As a result, it affects the currency a lot. A rise of the figure will support the USD.
The NAFTA deal is still in the arena. Countries haven’t come to the agreement yet. As a result, the Canadian dollar is weak and is waiting for the support to appreciate against the USD.
OPEC/non-OPEC coalition meeting. Oil allies will meet on September 11 to discuss a new production strategy. Countries agreed to increase the oil production but haven’t come to an agreement on steps. The event will affect the oil market.
Let’s see whether there is more news this week.
The UK’s key inflation rate rallied in February, although stayed close to January's two-year minimum, assisting customers to preserve their spending power even as Brexit was still uncertain…
The Monetary policy committee of the Bank of England will vote on the level of interest rate and release its monetary policy summary on March 21, at 14:00 MT time.
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On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…