The Reserve Bank of New Zealand will make a policy statement on August 18 at 05:00 MetaTrader time (GMT+3).
|The Reserve Bank of New Zealand left interest rates unchanged at its August meeting. According to the RBNZ Governor Graeme Wheeler, monetary policy will remain accommodative for a considerable period because of numerous uncertainties. Wheeler also let the market know that the central bank would like to see a lower NZD. In addition, New Zealand’s government has recently cut its economic growth forecasts.|
|If the RBNZ sticks to its dovish rhetoric, the NZD will be under negative pressure. Any improvement in the central bank’s communication because of the new data will give a boost to the New Zealand’s currency.|
|The results of the RBNZ meeting will be announced at 23:00 MT time on September 26. It will be a good time to trade NZD.|
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.