Economic news to watch this week
We will kick off our week on the 6th with the Reserve Bank Of Australia (RBA) having their consensus on where to set their interest rates followed by the RBA rate statement which is more important because it focuses more on the future. On the 8th UK will have their annual budget release which outlines the government’s budget for the year, including expected spending and income levels, borrowing levels, financial objectives, and planned investments. In another breaking news, it was said that Theresa May (UK Prime Minister) is on Brexit article 50 talks again somewhere in two weeks time. It is that time of the month again, the NFP week. Last month the U.S job numbers rose by 57k from the expected 170K when it reached 227K. Earnings dropped by 0.2% from expected 0.3% to 0.1% resulting in a conflict of results.
I know of a number of traders who lost money due to the fact that they only focus on job numbers and they simply overlook the earnings. If you not sure how to trade NFP read the post HERE. For all your upcoming NFP dates get your schedule HERE. Please help to keep this blog going. If you need to open a live account kindly register with one of the recommended FSB regulated brokers using the links provided Here. For further assistance you can WhatsApp me on the following numbers: +27 76 966 9392 or +27 64 510 4132, I”ll be happy to take you through. Below are the economic news to watch this week.
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