What drives the market on August 12?
The US dollar edged higher, while gold dipped down. Let’s discuss main news and market movements in detail.
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.
Similar
All attention to NZD
The RBNZ will make the monetary policy statement on August 12 at 5:00 MT time!
The USD may be triggered by the Fed
The Federal Open Market Committee will make its statement and announce the interest rate on July 29, at 21:00 MT time.
Latest news
Eyes on US retail sales
Follow the report on August 14 at 15:30 MT time!
Main market movements on August 13
The market sentiment switched to risk-on. The US dollar is dipping down, while riskier assets are rising, especially the Australian dollar after the positive employment data. All eyes on US unemployment claims.
Tesla announced a stock split
Everyone is talking about a stock split of Tesla. What is it?
Deposit with your local payment systems
