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The Australian dollar may be supported by the jobs data
The releases of employment change and the unemployment rate for Australia are expected on February 21, at 2:30 MT time. We need to pay attention to the jobs data, as it relates to consumer spending, which accounts for a majority of overall economic activity. Last time, the level of employment change outperformed the forecasts. The employment in Australia increased by 21.6 thousand jobs (vs. 17.3 thousand expected). The level of unemployment rate declined more than analysts expected. As a result, the aussie rose significantly. If the situation repeats itself, this will be good news for the Australian dollar.
• If the employment change is higher, and the unemployment rate is lower than the forecasts, the AUD will rise;
• If the employment change is lower, and the unemployment rate is higher than the forecasts, the AUD will fall.
The Bank of England will announce its policy statement on December 16, Thursday, at 14:00 GMT+2 (MetaTrader time). It will affect all the pairs with the British pound.
The US central bank, Federal Reserve, will announce its decision on further monetary policy on December 15 at 21:00 MT.
The US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.