Sertai Cabaran PU Xtrader Hari Ini

Berjual beli dengan modal simulasi dan peroleh keuntungan sebenar selepas anda lulus penilaian pedagang kami.

  • Market Insights  >  Weekly Outlook

7 July 2023,02:10

Weekly Outlook

Awaiting The RBNZ And BoC Interest Rate Decisions

7 July 2023, 02:10

Share on:
FacebookLinkedInTwitterShare
Share on:
FacebookLinkedInTwitterShare

The Week Ahead: Week of 10 July (GMT+3)

Tuesday, 11 July, 09:00 – EU German CPI (MoM) (Jun)

The June preliminary release of the Consumer Price Index (CPI) in Germany increased by 0.3% compared to the previous month. This persistent rise indicates that the country still has a significant challenge ahead in combating inflation. 

Wednesday, 12 July, 05:00 – NZ RBNZ Interest Rate Decision

As the inflation in Q1 2023 remained high with a rate of 6.7%, the Reserve Bank of New Zealand raised rates by 25 basis points to 5.50% in May and expects no additional policy tightening would be needed to tame inflation. 

Wednesday, 12 July, 15:30 – US CPI (YoY)

The May reading came in below market consensus, declining from 4.9% to 4.0%. Although inflation remains elevated, there are positive signs of a downward trend, aligning with the Federal Reserve’s hawkish stance aimed at achieving the 2% inflation target.

Wednesday, 12 July, 17:00 – CA BoC Interest Rate Decision

In June, while the market expected a pause of interest rate, the Bank of Canada surprised with a 25 basis point increase. Following the announcement, the central bank adopted a wait-and-see approach, possibly putting a pause on its hiking cycle in order to gauge the effects of tightening.  

Thursday, 13 July, 15:30 – US PPI (MoM) (Jun)

In a surprising turn, US PPI declined in May, dropping from 0.2% to -0.3%. This unexpected shift suggests a decrease in inflationary pressures across the economy, potentially offering some relief to consumers and giving the markets more hope for the Fed to start slanting Dovish. 

FacebookLinkedInTwitterShare

Start trading with an edge today

Trade forex, indices, cryptocurrencies, and more at industry-low spreads and lightning-fast execution.

  • Start trading with deposits as low as $50 on our standard accounts.
  • Get access to 24/7 support.
  • Access hundreds of instruments, free educational tools, and some of the best promotions around.

Latest Posts

Diskaun 20% untuk sebarang Cabaran. Gunakan Kod: EG20

Ambil Cabaran