Next week, the star of the perpetual motion picture that is the global markets is, no doubt, the Bank of Canada. On Wednesday, the Bank is expected to hold a press conference meeting, as well as disclose a fair chunk of market-shifting information, such as:
– Main and overnight rate statements
– Detailed monetary policy report
Find out what else is hot on the economic radar in our detailed briefing of next week’s events below.
Gazing into our crystal ball of global economics we see that the next week will bring us events like the NAB Business Confidence (AUD), ECB Monetary Policy Meeting Accounts (EUR), and Trade Balance (CNY).
Update your trading strategies accordingly—check out the full report for a detailed list of all market-shifting events for the upcoming week.
On Wednesday, the US Federal Reserve hiked the interest rates by a quarter point to 2.25%, a fund target rate not reached since the 2008 economic crisis.
But while we cautiously keep an eye on credit card rates, house prices, and our retirement savings, it’s also worth checking out next week’s potential market shifters, of which there are many: Manufacturing PMI (GBP), Unemployment Rate (USD), RBA Rate Statement (AUD) and more.
The upcoming week is shaping up to be exciting to both traders and investors alike, promising events like a Libor Rate Statement (CHF), a Monetary Policy Statement (JPY), a quarter over quarter GDP report (NZD)… and the list keeps on going.
Compared to our previous report, next week will be brimming with market-shifting meeting events, such as the Monetary Policy Meeting Accounts hosted by the European Central Bank, the Monetary Policy Meeting Minutes in Australia, the FOMC Meeting Minutes in the US, and the Jackson Hole Economic Symposium held in Jackson Hole, Wyoming.
While the variety of trading news for the upcoming week pales in comparison with our last overview, there is still enough material to keep a traders around the globe interested. Some notable mentions include m/m Retail Sales Reports from the US and the UK, a CPI m/m report from Canada, a speech given by RBA Gov Lowe and more.