Upcoming Events for the Week: RBA, BoE, BoJ SOO, Canada Jobs, UK GDP on the Radar | Forexlive

This week is set to be a busy one for forex traders, with several key events on the economic calendar that could potentially impact currency markets. Here are some of the upcoming events to keep an eye on:

1. Reserve Bank of Australia (RBA) Interest Rate Decision: The RBA is set to announce its latest interest rate decision on Tuesday. While no change is expected, traders will be closely watching the accompanying statement for any hints about future monetary policy moves.

2. Bank of England (BoE) Interest Rate Decision: The BoE will also be announcing its interest rate decision on Thursday. With inflation on the rise in the UK, there is speculation that the central bank could signal a more hawkish stance, which could potentially boost the value of the British pound.

3. Bank of Japan (BoJ) Summary of Opinions: The BoJ will release its Summary of Opinions from its latest policy meeting on Friday. Traders will be looking for any insights into the central bank’s thinking on monetary policy and the Japanese economy.

4. Canada Jobs Report: On Friday, Canada will release its latest employment data. A strong jobs report could bolster the Canadian dollar, while a weak report could put pressure on the currency.

5. UK GDP Data: Also on Friday, the UK will release its latest GDP data for the second quarter. Traders will be watching to see how the UK economy is faring in the wake of Brexit and the ongoing pandemic.

Overall, this week promises to be an eventful one for forex traders, with several key economic indicators and central bank decisions on the radar. Stay tuned to Forexlive for all the latest updates and analysis on these upcoming events.

• Source Link: https://zephyrnet.com/newsquawk-week-ahead-highlights-include-rba-boe-boj-soo-canada-jobs-uk-gdp-forexlive/