5 important things this week will bring us

• Reserve bank of Australia rate statement (Tue, 05:30 MT (03:30 GMT) time) – The rate hike is not expected, but the RBA may change its tone due to the global uncertainties. Any hints on future changes in rates may impact the AUD.
• New Zealand’s jobs data (Wed, 23:45 MT (21:45 GMT) time) – The level of employment change is expected to rise by 0.3%. At the same time, the unemployment rate for the last quarter reached 4.1% according to analysts. Will the actual data support the NZD? Let’s wait for Wednesday.
• Speech by the Fed Chair Jerome Powell (Thu, 02:00 MT (00:00 GMT) time) – The Fed Chair Jerome Powell made some cautious comments on the future monetary policy during the previous meeting. His comments made the USD suffer. Will he sound more optimistic about the global picture this time, after the second round of trade negotiations successfully over?
• Monetary policy summary by the Bank of England (Thu, 14:00 MT (12:00 GMT) time) – The bank of England will not raise its interest rate, but the BOE may provide some support to the GBP amid the Brexit uncertainties.
• Canadian jobs data (Fri, 15:30 MT (13:30 GMT) time) – Last time the actual figures outperformed the forecasts, which made the CAD move higher. The projections for this month have not been announced yet. If the situation repeats itself, the CAD will rise.

Hot topics:

•  Traders keep their eyes on the Brexit progress. On Monday, Theresa May will meet with an Alternative Arrangements group. This group unites three hardline Brexiteers, who will start to find a solution to the Nothern Ireland backstop. The positive progress will support the British pound.
• Asian markets, including China, Hong Kong, Singapore, Taiwan, South Korea, Malaysia, and Vietnam, will close for the whole week due to the start of the year of the Pig.

Similar

15.08.2019 10:15 Market updates on August 15

The risk sentiment remains under pressure after the comments by China about the countermeasures against the US tariffs. Thus, the AUD/USD and the USD/JPY pairs will be under our attention.

aud eur usd jpy

14.08.2019 13:05 Attention: risk sentiment is off

During the European trading session, both the US and the UK yield curves inverted.

cad usd jpy

14.08.2019 09:32 Market updates on August 14

Levels for Wednesday's trading

cnh aud gbp usd jpy

Latest news

20.11.2018 07:17 Bitcoin dives 14%, slumping below $5,000

On Tuesday, crypto assets dived, with Bitcoin decreasing below the psychologically crucial $5,000 mark for the first time this year…

bitcoin cryptocurrency blockchain

15.08.2018 13:20 British inflation tacks on for the first time this year

In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…

gbp economy inflation

18.06.2019 08:10 Market updates on June 18

Welcome to Tuesday, people! Here’s your markets update ahead of the European trading session.

gold aud eur gbp