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Focus of trading news on Erste News
During the week from August 5 to 9, a significant amount of news traded on Erste News is expected, which are spread throughout the week.
Monday, August 5
At 17:00 – data on business activity in the non-manufacturing sector (PMI) of the United States will be published. Expectations regarding which remain positive. Confirmation of the data may indicate a slowdown in the downward dynamics of this indicator and provide support to the American dollar.
Tuesday, August 6
At 01:45 – an employment data in New Zealand will be released. Forecasts regarding which remain mixed. General dynamics of the labor market in New Zealand remains negative, which puts an additional pressure on the New Zealand dollar.
At 07:30 – the RBA meeting results will be published. After another reduction in rates to around 1.00%, the Central Bank of Australia is likely to maintain restraint. But given the heightened trade war, soft rhetoric is not ruled out.
Wednesday, August 7
At 05:00 – the results of the RBNZ meeting will be published. The Central Bank of New Zealand is expected to reduce the key interest rate. The market has partially won back, but trade risks compel the RBNZ to provide additional stimulating measures for the national economy.
Thursday, August 8
At 17:30 – there will be data on natural gas reserves in the United States.
Friday, August 9
At 11:30 – preliminary data on the UK GDP the will be published. Forecasts regarding which remain negative, indicating a further slowdown in the UK economy.
At 15:30 – an employment data in Canada will be released. They are expected to see a noticeable increase in jobs in July, which could provide significant support to the Canadian dollar.
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