Abandon your Christmas shopping cart, grab a cup of coffee, and sit on your favourite couch, because next week is bringing an abundance of market events, including three monetary policy reports by the Federal Reserve, the Bank of Japan, and the Reserve Bank of Australia. Without further ado, let’s take a look at what the fuss is all about.
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.
Unbothered in the least by the scorching August heat, the global markets are set to reach peak performance next week. Top events include detailed GDP m/m report from Canada, Monetary Policy Statement from Japan, FOMC Statement from the US, speech by Bank of England’s Gov Carney and more.
Last Thursday, the Trump administration introduced a list of 10 percent tariffs on $200 billion in Chinese goods. It was also last Thursday, however, when Fed’s Powell gave a reassuring interview, stating that the US economy is still standing tall despite the inhospitable political climate. Here is what he had to say on the matter.