Market focus

On Tuesday, August 6, the day will be full of significant data, especially its first half.

At the start of the day, it is worth to highlight the following data:

• New Zealand employment data, expectations for which remain mixed due to the growing employment and unemployment.
• It is also worth noting the  RBA meeting  results, which is expected to maintain monetary policy unchanged, but soft rhetoric against the background of an exacerbation of the trade war is not ruled out.

At European and American trading sessions, the saturation of the economic calendar will decline. From the published data it is worth highlighting: production orders in Germany and open vacancies in the USA. Data will have a restrained effect on national currencies.

Hanzenko Anton