In comparison to last week economics events we should expect for the week ahead some pretty decent action. Although there are no major central bank meeting this week except BOJ Monetary Policy and Interest rates decision we have other data like the CPI which are measuring the inflation and have a threshold target from central bank forward guidance.
Here are the main risk events for this week that you should pay attention:
Previous:0.5%
Consensus:0.7%
Tuesday we have a major event risk as we have BOJ monetary policy statement and Interest rates decision. Last week Prime Minister Abe said:"Expects BOJ to take appropriate policy decision taking into account risks to economy and prices" also making the case to cut Japan's corporate tax rate which will help "boost the global competitiveness of Japanese companies and make the country more attractive to foreign investment". This should add some volatility to the market for sure. Also Friday we have BoJ Monetary Policy Meeting Minutes but don't expect BOJ to be easing further unless the economy turns sharply lower.
Wednesday we have BOE Minutes and the unemployment rate which is expected to hold at 7.1% only 0.1% shy away from the BOE target of 7% but it has a positive outlook as UK economy is set to grow faster than any other developed economies.
Best Regards,
Daytrader21.
In comparison to last week economics events we should expect for the week ahead some pretty decent action. Although there are no major central bank meeting this week except BOJ Monetary Policy and Interest rates decision we have other data like the CPI which are measuring the inflation and have a threshold target from central bank forward guidance.
Here are the main risk events for this week that you should pay attention:
- Japan Economic Data:
Previous:0.5%
Consensus:0.7%
Tuesday we have a major event risk as we have BOJ monetary policy statement and Interest rates decision. Last week Prime Minister Abe said:"Expects BOJ to take appropriate policy decision taking into account risks to economy and prices" also making the case to cut Japan's corporate tax rate which will help "boost the global competitiveness of Japanese companies and make the country more attractive to foreign investment". This should add some volatility to the market for sure. Also Friday we have BoJ Monetary Policy Meeting Minutes but don't expect BOJ to be easing further unless the economy turns sharply lower.
- Australia Economic Data
- UK Economic Data
Wednesday we have BOE Minutes and the unemployment rate which is expected to hold at 7.1% only 0.1% shy away from the BOE target of 7% but it has a positive outlook as UK economy is set to grow faster than any other developed economies.
- US Economic Data
Best Regards,
Daytrader21.