Forex News

The Reserve Bank of New Zealand made announcements regarding its monetary policy. The NZD/USD dropped.

Main movements on the market: risk-off mood strengthened USD, AUD dropped on China’s imports’ ban and Saudi Arabia cut oil production.

The Reserve Bank of New Zealand (RBNZ) will publish the monetary policy statement and announce the interest rate at 06:00 MT time on May 13. 

Is the fresh news on the US-China trade deal satisfying enough? Let's find out.

NFP, China-US trade and other factors

The US CPI and core CPI are due at 15:30 MT time on May 12. 

NFP for April are coming. 22mln jobs to be deducted from the list. Will the USD withstand the hit?

The main focus is on the UK as the Bank of England made an announcement this morning. Let’s see what’s happening with the British pound and what else moves the market today.

April seasonal patterns weren’t supposed to work, but somehow they did. Even a strong fundamental issue such as the global recession amid the coronavirus couldn’t overwhelm it. That’s why May seasonal patterns may work as well.

Non-Farm Payrolls data will be released on Friday at 15:30 MT time.

WTI is at $23 per barrel. All problems got resolved suddenly?

The Bank of England gives the interest rate press conference on Thursday at 14:00 MT time.