31FX – Busy week ahead following this week’s RBA and ECB Interest Rate Decision and US Jobless claims and more. Learn more about major economic events right here.
BoC Interest Rate Decision
Exports are rising and the country’s employers are adding thousands of jobs. They added more than 900k jobs in June while the unemployment rate dropped to 12.3%.
ECB Interest Rate Decicion
The European Central Bank is expected to leave its policy settings unchanged on Thursday, having already rolled out EUR1.35 trillion in its pandemic purchase program.
Bank of Japan
The Bank of Japan will release its GDP and inflation forecasts for the world’s third-largest economy. As with the BOC and ECB, most analysts believe that the BOJ will leave rates unchanged and continue with the QE.
US Weekly Jobless Claims
The US weekly jobless claims should point to a plateauing recovery in the US jobs market, while June’s retail sales in the world’s largest economy should signal a continued improvement from May’s double-digit expansion.
Analysts expect that the headline CPI dropped to -0.2% in June while the core CPI remained unchanged at 1.2%. Tuesday’s figures will influence ahead of the ECB’s monetary policy decision on Thursday.
Like this article? Share them now through social media. #TradeWithAPro