WEEKLY FOREX FORECAST; RBA, BoC, BoJ Interest Rate Decisions; US NFP
In this video, we are talking about such economic data releases as the US Nonfarm Payrolls report (Friday, March 10) and interest rate decisions coming from the RBA (Tuesday, March 7), the BoC (Wednesday, March 8), and the BoJ (Friday, March 10).
The RBA is expected to announce another 25 bps hike, taking its official cash rate to 3.6%. At the same time, traders must follow RBA Governor Philip Lowe’s speech. Meanwhile, the BoC is anticipating stopping rate hikes, keeping the policy rate at its current 4.5%.
Speaking about the US February Nonfarm Payrolls readings, according to the forecast, it is expected to be 200K from 517K prior.
WEEKLY FOREX FORECAST; March 2, 2023
This week traders are watching out for the the French CPI, German CPI, German Retail Sales, Eurozone CPI repots and employment figures. At the same time, the Japan Tokyo CPI readings that are due on Friday. According to the forecast, the Japan Tokyo Core CPI for February is expected to be 3.3% from 4.3% prior.
WEEKLY FOREX FORECAST, February 23, Eurozone CPI
On Thursday, February 23, we are watching out for the Eurozone CPI, the second estimate of US GDP (Q4), the US Initial Jobless Claims report, and the FOMC members’ speeches.
Worth noting, that the latest economic releases (US retail sales, US CPI, US PPI reports, and jobs reports) signal the upcoming possible Fed rate hikes.
Meantime, the annual Eurozone CPI is expected to move up to 8.6% from 8.5% prior, while on the monthly basis, there is a decline of 0.2% from a decline of 0.4% and according to the forecast, the core CPI on the annual basis is expected to be unchanged.
Weekly Market Pulse: Feb. 20 – Feb. 24
In this video you will find out upcoming releases that may help you in trading.
Weekly Market Pulse: Feb. 13 – Feb. 17, 2023
In this video you will find out upcoming releases that may help you in trading.
WEEKLY FOREX FORECAST; February 7, 2023 — RBA Interest Rate Decision
On Tuesday, February 7, the RBA will announce its interest rate decision. The OCR is expected to be increased by 25, with a focus on the accompanying statement for hints about the likely direction of monetary policy this year. At the same time, on Friday, February 10, we are closely watching the UK GDP data, and the Canadian employment and unemployment reports.
Worth noting, if the RBA strikes a hawkish chord on Tuesday, the British pound would also risk fresh losses.
