Market updates on October 17
The European Brexit Summit will gather the main attention today...
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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Market updates on October 15
The GBP is going to be volatile today, while USD/TRY may be looking for a retest of its highs. Read more!
Bullish optimism in the market continues
Did you expect your trading day to be as bullish as today?
Latest news
Will the situation change for the British pound?
The reports that the UK and the EU reached a deal pushed the GBP up immediately.
Market updates on October 17
The European Brexit Summit will gather the main attention today...
The aussie may move on a jobs data
Australia will publish the level of employment change and the unemployment rate at 3:30 MT on October 17.
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