
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!
The Reserve Bank of New Zealand will conduct a meeting on May 26, at 05:00 MT time. During this event, policymakers will discuss the effectiveness of a current monetary policy and possible adjustments to it. Based on their conclusions, they will publish a monetary policy statement – a document that will contain economic forecasts and possible changes to the bank's interest rate. As the regulator keeps the official cash rate at the record low of 0.25%, the main question for traders is when the bank plans to hike it? According to ANZ, a famous Australian multinational banking and financial services company, the RBNZ may go hawkish as soon as August 2022. Additionally, the forecasts for GDP, employment, and inflation are expected to be revised up. At the same time, analysts don't see any sign of changes to the quantitative easing program.
The markets will likely react to any change in the tone of the bank.
Instruments to trade: NZD/USD, NZD/JPY, AUD/NZD
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!
Be aware this day is filled with PMI releases, so the market may act quite unpredictably. Still, there’s something you should know:
The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!
The US stock market fell in the third quarter. What's going on and why economists think that the last quarter will be better? Let's discuss it all here.
BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!
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