Week`s Main Events
Today our team of financial analysts has prepared a new review of events in the upcoming week. These events can significantly affect the Forex market. Choose and track the ones that are most important to you.
Last week, the US Federal Reserve, as expected, increased the key interest rate range to 1.00-1.25%. The regulator also noted positive changes in the economy and the labor market stability. The central banks of Great Britain, Switzerland and Japan have kept interest rates at the same level.
In the parliamentary elections in France, Emmanuel Macron's party won the victory.
In the upcoming trading week, we recommend you to pay attention to the following events.
On Monday, the news background will be pretty calm. In the Asian trading session, a report on the balance of visible trade of Japan will appear. At 15:00 (GMT+3:00) the FOMC member Dudley will give a speech.
On Tuesday, the Reserve Bank of Australia will publish the minutes of the meeting on monetary policy at 04:30 (GMT+3:00). Also, the data on the index of housing prices in Australia will be published.
At 09:30 (GMT+3:00) and 10:30 (GMT+3:00) there will be a press conference of the chairmen of the Central Banks of Switzerland and the UK. Later, the attention of the financial market participants will be directed to the speeches of the FOMC representatives Rosengren, Fisher, and Kaplan.
On Wednesday, the speech of the head of the Bank of Japan Kuroda will take place at 09:35 (GMT+3:00). At 17:00 (GMT+3:00), the National Association of Realtors of the United States will publish statistics on sales in the secondary housing market. At 17:30 (GMT+3:00) the data on crude oil reserves in the US will appear. This report may have an impact on the dynamics of commodity currencies.
On Thursday, the Reserve Bank of New Zealand will decide on further monetary policy in the country. Most experts believe that the regulator will keep the interest rate at the previous level of 1.75%.
At 15:30 (GMT+3:00), the Statistics Canada will publish a report on retail sales. At 17:00 (GMT+3:00) we expect the speech of the FOMC member Powell.
On Friday, there will be data on the GDP of France at 09:45 (GMT+3:00). We also expect statistics on business activity in Germany and the Eurozone.
At 15:30 (GMT+3:00), the consumer price index will be published in Canada. At 17:00 (GMT+3:00) we expect data on the sales of new housing in the US. We also recommend you to pay attention to the speeches of the FOMC representatives.