Weekly Forex Outlook: 09/07/2021 – RBNZ and BoC to stick to tapering, Delta strain angst for BoJ
July 9, 2021 12:27 pm
It will be a busy week as the Bank of Canada, Bank of Japan and the Reserve Bank of New Zealand all meet, while inflation will take centre stage on the data front. With increasing concerns that the new Delta Covid variant could scupper reopening plans, Japanese policymakers are the most likely to strike a more cautious tone, but the BoC and RBNZ will probably maintain their optimism. After the Fed signalled that a taper decision was not imminent, markets might take a more relaxed view on the latest CPI readings in the United States. Meanwhile, Q2 GDP numbers will be watched in China.
0:00 Intro 0:14 RBNZ rate hike expectations 1:52 New Zealand dollar 2:21 Bank of Canada meeting 3:47 Bank of Japan meeting 4:49 China’s recovery 5:53 US data
Risk Warning: 77.29% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warning.
Watch our ”Weekly Forex Review and Outlook” to catch up on the past week’s main events and their impact on major currencies and also find out what important economic data will be coming up in the future.
Visit our page for more: http://www.xm.com the international Forex broker.
It will be a busy week as the Bank of Canada, Bank of Japan and the
Reserve Bank of New Zealand all meet, while inflation will take centre
stage on the data front. With increasing concerns that the new Delta Covid
variant could scupper reopening plans, Japanese policymakers are the
most likely to strike a more cautious tone, but the BoC and RBNZ will
probably maintain their optimism. After the Fed signalled that a taper
decision was not imminent, markets might take a more relaxed view on the
latest CPI readings in the United States. Meanwhile, Q2 GDP numbers will
be watched in China.
0:00 Intro
0:14 RBNZ rate hike expectations
1:52 New Zealand dollar
2:21 Bank of Canada meeting
3:47 Bank of Japan meeting
4:49 China’s recovery
5:53 US data
Risk Warning: 77.29% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warning.
Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en
Watch our ”Weekly Forex Review and Outlook” to catch up on the past week’s main events and their impact on major currencies and also find out what important economic data will be coming up in the future.
Visit our page for more: http://www.xm.com the international Forex broker.
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