Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
Important events this week will bring us
- American Non-Farm Payrolls (Fri, 14:30 MT (12:30 GMT)) – Most notable event in the monthly economic news. This report on the employment dynamics in USA will push the US dollar up if the actual indicator exceeds the expected 90K; otherwise, US dollar shall be dropping.
- American GDP Growth Rate (Wed, 14:00 MT (12:00 GMT)) – Forecasted as 1.7% against the Q2 figure of 2%, this GDP quarterly indicator pulls USD down if the actual figure proves to be less then expected.
- American Fed Interest Rate Decision (Wed, 20:00 MT (18:00 GMT)) – Analysts predict the rate cut to 1.75% that is supposed to pull the USD down.
- Brazilian Interest Rate Decision (Wed, 19:00 MT (21:00 GMT)) – According to forecasts, the rate will be kept unchanged. However, the mood of the central bank may affect the Brazilian real.
- European GDP Growth Rate (Thu, 12:00 MT (10:00 GMT)) – Quarterly GDP growth rate of the Eurozone is expected to be 0.1%, marking a slight drop from the previous figure and pulling euro down if it is confirmed.
- With EU confirming the extension of Brexit for another 3 months and UK parliament voting for an earlier election today, the British pound is entering another stage of uncertainty and volatility.
The volatility that the markets experienced last week promises the second tidal wave! What should your favorite assets anticipate during the first week of February?
The US will reveal Non-farm payrolls on January 7, Friday, at 15:30 GMT+2 (MetaTrader time).
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.