Will the Bank of Canada support the CAD?
The Bank of Canada will publish its monetary policy statement and make the rate announcement on May 29, at 17:00 MT.
Euro Area’s CPI Flash Estimate
| Euro area’s annual inflation was 1.3% in July 2017, stable compared with June. Although this reading seems to be much higher than 0.2%, which was recorded a year ago, there’s still a growing unease that inflation remains inexplicably low. |
| As the European Central Bank is getting closer to exit from its excessive monetary stimulus program, inflation figures from the euro zone will become even more important than before. CPI growth has to increase for the ECB to start reducing stimulus and for the EUR to keep gaining. That’s why you need to pay great attention to the region’s CPI release at 12:00 MT time on September 29. There will be trading opportunities for the EUR. |
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5 important events this week will bring us!
Check the key events for this week...
Weekly Cryptonews
The first part of the week was more than optimistic for Bitcoin. However, now it is going through the correction phase.
Latest news
Gold heads south on tumbling greenback
On Monday, gold declined notwithstanding a lower American currency because data underpinned hopes for a Fed interest rate lift…
European equities conclude in positive territory for the fifth consecutive week
On Friday, European stock indices fluctuated at the beginning of the trading session…
RBNZ Meeting
The Reserve Bank of New Zealand will hold a meeting at 00:00 MT time on August 9.
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