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The Reserve Bank of New Zealand will make the monetary policy statement on June 24 at 5:00 MT time.
Instruments to trade: NZD/USD, NZD/CHF, NZD/JPY
The monetary policy statement is the primary tool the RBNZ uses to communicate with investors. Authorities unveil their decision on interest rates and set guidelines for the economic development. In the middle of March, the RBNZ cut its interest rate to the record low of 0.25%. This time analysts highly expect that rates won’t be changed. It will be more important to know what economic outlook the RBNZ will give and what measures it will take to support the economic recovery.
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!
The US will reveal Non-farm payrolls on January 7, Friday, at 15:30 GMT+2 (MetaTrader time).
The US will publish the Retail Sales on January 14, Friday, at 15:30 GMT+2.
The US Institute for Supply Management will release ISM manufacturing PMI on July 1, 17:00 GMT+3.
The United States Bureau of Economic Analysis will release monthly Personal Consumption Expenditures (PCE) on June 30, 15:30 GMT+3.
The governor of the Bank of England, Andrew Bailey, will hold a speech on June 29 at 15:30 MT time (GMT+3).
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