
The central banks' meetings will highlight the week as well as the PPI release
The RBA will make a rate statement on August 4 at 7:30 MT time.
Instruments to trade: AUD/USD, AUD/NZD, AUD/CHF, EUR/AUD
The Reserve Bank of Australia uses the rate statement as the primary tool to communicate with investors and give them hints on the future monetary policy. This time it will have a huge impact as the central bank will assess the current state of the Australian economy amid increasing number of virus cases. The country is suffering from the fresh resurgence of new infections, that’s why the government is forced to impose stricter restrictions. Also, officials will unveil guidelines on the economic recovery. This information will be important as Australia goes through the most severe economic contraction since the 1930s. It’s widely expected that the central bank will leave the rate unchanged at its record low at 0.25%, but it may scale up asset purchases to increase money flow to support the economy. In addition, pay attention on the overall tone of the RBA’s statement.
The central banks' meetings will highlight the week as well as the PPI release
The winter is coming, and risky markets expect a rally to come with it. Will this December be bullish for stocks, crypto, and gold? A pack of news will surely help you out.
Bloomberg says yesterday’s movement was so far the wildest. It was the first time in history for the US500 to crash by 2% and close the day 2.8% above the neutral line. There’re several possible reasons for the move.
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
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