Started by RoboForex, Feb 28, 2022, 05:14 pm
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The currency market keeps an eye on the geopolitical situation and pays less attention to the statistics. However, there are important and interesting events on the calendar.
The US dollar enjoys demand as a safe haven asset. This week, the States will issue a large block of employment market statistics that can support the USD. The statistics will touch upon the unemployment rate, wages, and the NFP.
Japan is publishing retail sales statistics for January, industrial production info, the production PMI, and the CCI. Strong statistics will be unarguably good for the Japanese economy, but the JPY now reacts more vividly to risks in the markets.
The Reserve Bank of Australia will gather on a meeting and decide upon its credit and monetary policy and the interest rate. The latter is supposed to stay without a change at 0.10%, which would be logical after the latest statements made by the RBA. For the AUD, this is neutral news, but much depends on the comments.
The Bank of Canada will also gather for a meeting. Most probably, the monetary policy will not change. Neutral comments will be a good signal for the sector of risky assets.
Most probably, the meeting of OPEC+ will be calm and neutral: they are not going to change their decision to increase oil production by 400 thousand barrels a day. Member countries cannot increase production faster. If things remain neutral here, the market will be able to stay focused on speculative factors of growth, and they will support Brent quotations.
The post A Week In the Market: Capturing Events (28 February - 4 March) appeared first at R Blog - RoboForex.
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