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UK GDP and NZ Interest Rate this week.

   

Welcome to this week’s Market Blast Fundamentals where we will look at EURUSD, NZDUSD, AUDNZD, EURGBP, GBPUSD.

 

We’ve seen British Pound strength recently and this week will be an important indicator of the cost of Coronavirus on the UK economy.Screenshot 2020-08-10 at 09.49.15

We have employment data tomorrow with Wednesday’s Manufacturing Production and 3 GDP reports all due at the same time.

These figures may drive the Pound, affecting GDPUSD, EURGBP and the other Pound crosses.

We will also see Retail Sales data from New Zealand today and we will expect some volatility Wednesday from the Reserve bank of New Zealand’s Interest Rate decision and the Press Conference afterwards.

Thursday, we will have Australian Employment Change and Friday a speech from the governor of the Reserve Bank of Australia, so pairs like AUDNZD may see some price action movement this week.Screenshot 2020-08-10 at 09.49.29

We see AUD strength against most currencies except the EUR and we will look at these tomorrow from a technical standpoint.

Speaking of the EUR, we may be seeing a slowing of the bull run and we will examine this tomorrow as well.

This week, watch for German Economic Sentiment tomorrow and European Employment Change and GDP Friday.

That’s all for now.  Happy trading with Valutrades and we will see you tomorrow.

CFDs and FX are leveraged products and your capital may be at risk.

Disclaimer:

The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice. If such information is acted upon by you then this should be solely at your discretion and Valutrades will not be held accountable in any way.

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