Reserve Bank of New Zealand (RBNZ) will reveal Official Cash Rate and make a statement about monetary policy on October 6, 04:00 GMT+3.
Evergreen buck dives versus yen
On Monday, the evergreen buck dived a bit versus the Japanese yen since the beginning of trade, staying below the two-month maximum, after the market got some clarity after the missile strikes on Syria by the United States as well as its allies on the weekend. However, soon the US currency lost its positions and kept going down during Asia trade.
The currency pair USD/JPY dived 0.20% coming up with a reading of 107.19. The anti-risk yen gains demand in times of market turmoil. Besides this, Japan’s trade figures are going to be released on Wednesday.
On Saturday, the US, France along with Great Britain launched up to 105 rockets aimed to three power facilities in Syria, thus responding to the hypothetical use of chemical weapons in Syria on April 7.
On Sunday, Russian President Vladimir Putin stressed that further attacks by the Western nations on Syria would provoke another world chaos.
According to a phone talk with his Iranian partner Hassan Ruhani, Putin and Ruhani agreed that with their missile attack the West had ruined the chances of coming to a sound political solution in the seven-year conflict in Syria, the Russian government told in a statement.
Vladimir Putin emphasized that if such outrageous actions committed in violation of the UN Charter keep unrolling, it will undoubtedly lead to a huge mess in international relations.
Additionally, US Ambassador to the UN Nikki Haley informed that the United States will announce on Monday new economic sanctions aimed at companies and related to Syrian President Bashar Assad in response to the hypothetical use of chemical weapons.
As some market experts pointed out the reaction in the foreign exchange market turned to be limited, as President Trump warned in advance about a possible attack on Syria, thus giving traders enough time to participate in this event.
United States Institute for Supply Management (ISM) will release services Purchasing Managers' Index (PMI) on October 5, 17:00 GMT+3.
Although Jerome Powell’s speech sounded hawkish on Wednesday, September 22, markets did not get scared and the main stock indices got bought back…
The United States will release the weekly Unemployment Claims on October 21, at 15:30 MT time (GMT+3).
Great Britain will publish the Inflation Rate on October 20, at 09:00 MT time (GMT+3).
The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?