Let's consider the key events for this week's trading
The Reserve bank of New Zealand provides an opportunity to trade the NZD
The monetary policy statement by the Reserve bank of New Zealand is scheduled for February 13 at 03:00 MT time.
The RBNZ will not make changes to the interest rate this time and keep it at 1.75%. But the central bank may provide some comments on the possible changes to its monetary policy in the future. During the last meeting, the RBNZ governor Adrian Orr noted the central bank expects to keep the rate at the current level until 2020 and provided hints on the possible rate cut. If the statement is more hawkish this time, the NZD will be supported.
• If the RBNZ is hawkish, the NZD will rise;
• If the RBNZ is dovish, the NZD will fall.
There were no major moves during the Asian trading session, however we have some events today, which may affect the sentiment in the market.
The risk sentiment remains under pressure after the comments by China about the countermeasures against the US tariffs. Thus, the AUD/USD and the USD/JPY pairs will be under our attention.
On Tuesday, crypto assets dived, with Bitcoin decreasing below the psychologically crucial $5,000 mark for the first time this year…
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
Welcome to Tuesday, people! Here’s your markets update ahead of the European trading session.