
This Wednesday will be heaven for day traders. A considerable number of events will make the market volatile. Don't miss it!
The Reserve Bank of New Zealand will make a policy statement on August 18 at 05:00 MetaTrader time (GMT+3). The bank will announce its decision on the interest rate and shed a light on its future monetary policy. Last time, the RBNZ held the cash rate at a record low of 0.25% and, more importantly, decided to end the emergency asset purchases by July 23. When the central bank raises rates or reduces asset purchases – it’s good for the currency. As a result, NZD/USD skyrocketed – look a the chart below! After that hawkish move, investors started expecting a rate hike in 2021 and the most optimistic ones – during this meeting in August. However, the rapid spread of the delta variant may ruin these plans. Therefore, the bank may increase rates in the next meetings: October 6 or November 24.
Instruments to trade: NZD/USD, NZD/JPY, AUD/NZD
This Wednesday will be heaven for day traders. A considerable number of events will make the market volatile. Don't miss it!
Read a short market wrap before trading today!
The NZD rocketed after the Reserve Bank of New Zealand claimed it would end quantitative easing this month. Jump in to know more!
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Consumer Price Index, Existing Home Sales, US Fed rate decision - all of these things we will discuss in our new review. Don't miss it out!
The RBA and the Bank of Canada will add volatility to the AUD and the CAD, while USD is expected to be boosted by the Non-farm payrolls.
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