Will the pound keep standing?
UK Preliminary Quarterly GDP is out on Thursday at 09:00 MT time.
GDP growth: a key for trading the NZD
New Zealand will publish the level of GDP growth at 23:45 MT time on December 18. The indicator shows the change in the value of all goods and services produced by the economy. This release is important, as it reflects the economic activity of a country and is used as a measure of economic health. The GDP growth has been a sensitive topic for traders of the NZD, as the Reserve bank of New Zealand cut its long term forecasts recently. Despite that, analysts anticipate the release for the third quarter to show the decent figures due to the better manufacturing data. The second quarter’s GDP growth rate came out better than the expectations (0.5% vs. the forecast of 0.4%). What will happen this time?
If the indicator is higher than the forecasts, the NZD will rise;
If the indicator is lower than the forecasts, the NZD will fall.
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Will the RBNZ support the kiwi?
The New Zealand interest rate is announced on Wednesday at 03:00 MT time.
Canadian job data may push the CAD up
Canada will release the employment change and the unemployment rate on October 9, at 15:30 MT time.
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Market outlook for this week
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How to trade ahead and after BOC report?
The Canadian central bank will make a monetary policy report and announce interest rates on Wednesday, January 20, at 17:00 MT time. Also, the BOC press conference will be held later.
Market sentiment slightly improved
USD’s rally takes a pause, while riskier assets are modestly rising.
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