Market focus

On Wednesday, September 4, the economic calendar will be full of significant statistics. At the start of the day, it is worth to highlight data on Australia’s GDP and data on business activity in the Chinese services sector. Where the former will have a significant impact on the Australian dollar, and the latter on the mood of the market in general. The European trading session will be saturated with data on business activity (PMI) in the services sector of the Eurozone and the UK.

The American trading session will also be saturated with data on the trade balance of the USA and Canada. But it is especially worth to highlight the Bank of Canada meeting results , which is expected to maintain the key interest rate unchanged at 1.75%.

Hanzenko Anton