So Much News to Follow This Week
Hello, and welcome to the last week of August. We found the best news and collected the most impactful events for you to stay on the top of the market. Let’s go!
RBNZ Meeting
The Reserve Bank of New Zealand will hold a meeting at 00:00 MT time on August 9. One hour later, it will conduct a press conference where the Central Bank will answer questions that worry the market the most.
The market doesn’t anticipate any changes in the interest rate this time. However, it needs clues on the future monetary policy. There are risks that if the economic conditions worsen, the Central Bank will cut the interest rate.
The New Zealand dollar has lost a lot since April 2018. It needs the Central Bank’s support to not plunge further.
• If the Central Bank is hawkish, the NZD will appreciate.
• If the Central Bank is dovish, the NZD will depreciate.
Check the economic calendar
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The US Dollar Is Correcting
Inflation in Europe was released better than the forecast. The preliminary fact was published at 4.3%. What's happening in the markets?
Bearish Signal For The USD
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Current Risks for Developed Economies
Oil prices are rising while the US government is on the verge of shutting down. How will it affect the market?
