Expectations for the upcoming week
The second week of September is full of statistics on employment, business activity and inflation, but this week will also open the period of meetings of the world’s Central Banks, that will also begin adjusting monetary policy amid expectations of the US Federal Reserve rates increase. This does not mean that the Central Bank will raise rates, outstripping the US Federal Reserve, but may give hints of tightening, thereby preparing the market.
On Tuesday, an employment data in the UK will be published, which will be the reason for the correction of positions before the meeting of the Bank of England on Thursday. Therefore, we should expect very significant activity from the pound in the week. And do not forget about the possibility of information jotting on the data on the Brexit negotiations.
Also on Thursday, the ECB will meet and employment data in Australia will be published. The ECB is likely to keep monetary policy unchanged, but at a press conference we can expect rising volatility. (Dani Leviant)
Read also: “Fundamental analysis: interest rate and its impact on the exchange rate”
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