Market focus

On Thursday, August 9, 2018, the economic calendar is saturated with news. Thus, in the first half of the day it is worthwhile to focus attention on data on the RBNZ decision, the inflation report in China and employment in Switzerland. The Central Bank of New Zealand is expected to have very restrained rhetoric, and it is unlikely to change much from the forthcoming meeting of the RBNZ. The news itself can cause volatility in pairs with the New Zealand dollar. The second significant news of the beginning of the day will be the inflation report in China, which will have a significant impact on the market through stock indices, against the background of the trade confrontation between the US and China.

The afternoon is relatively calm. Particular attention should be paid to data on producer prices, which influence the final state of inflation in the country. And against the background of weak forecasts, an American dollar can be limited in movement.

Hanzenko Anton