Although market sentiments are unlikely to change this week, investors will definitely not get bored.

GBP: the ball is in the court of the Bank of England

GBP: очікування позитиву

The key event for the GBP this week is the meeting of the Bank of England which gives clear hawkish signals. The interest rate is likely to be raised. Signals about further actions of the Central Bank are also important to the market. Given this, the pound is rising and may continue the rally.

JPY: in a devaluation trend

Japan is to release data on the core CPI, which will demonstrate the main price trends. In addition, the minutes of the previous BoJ meeting will be presented. Although they are unlikely to indicate an upcoming shift in monetary policy, the publication is worth looking at. Devaluation remains the main scenario for the JPY.

Elevate your trading with R StocksTrader

Get access to more than 12,000 instruments with a single account!

Start Trading

EUR: supported by the ECB

A tough stance of the European Central Bank on future interest rate decisions provides support for the EUR rate, and this factor remains relevant. Furthermore, it is worth paying attention to the Eurozone statistics on the balance of payments for April.

USD: under pressure

USD: labour market data

Recall that Monday is a public holiday in the US. Data on existing home sales and the index of leading indicators are to be published this week. Fed’s comments on future interest rate steps might be of interest. The USD is under pressure.

AUD: has strength

The Reserve Bank of Australia is to release the minutes of its last meeting; the investors will survey these data looking for indications of the regulator’s future decisions. The AUD appears strong so far.

See also:  A Week on the Market (01/05 - 01/12): Quiet Christmas

Open Trading Account