The Reserve Bank of New Zealand will reveal the official cash rate, monetary policy statement, make a rate statement, and after that will answer questions in a press conference on February 23, 03:00 GMT+2.
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.
The United States will publish Flash Manufacturing and Services PMIs on Tuesday at 16:45 GMT+2.
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.
As Europe moves into recession, next week may provide us with some amazing trading opportunities. Here they are!
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.