Economic News 15-19 June

Economic News 15-19 June

Economic news to watch this week

Bank Of Japan (BOJ) will issue their monetary policy statement on Wednesday. U.S Retail Sales stats are expected to rise to 7.4% versus -16.4% expected. Fed Chair Jerome Powell is also due to testify on the Semiannual Monetary Policy Report before the Senate Banking Committee, in Washington DC. On Thursday, Swiss National Bank and Bank Of England (BOE) will decide on their Interest Rates and issue their Monetary Policy statements. Below is the weekly economic calendar.

Economic News 15-19 June

Economic News 01-05 June

Economic News To Watch This Week

This week on Tuesday, Reserve bank of Australia (RBA) is expected to maintain their Interest Rates at the current rate of 0.25%. On Wednesday Bank of Canada (BOC) is also deciding on their Interest Rates. They are expected to maintain their Interest Rates at the current rate of 0.25%. Both Central banks will also issue their Monetary policy statement. European Central Bank is also on the maintaining path. They are expected to maintain their Interest rates at the current rate of 0.00%.

To close our week, United States will release their 6th job numbers stats (the Non Farm Payrolls) on Friday. I have published Non Farm Payrolls (NFP) annual schedule. You can download it HERE. If you would like to receive any new publication whenever I publish one, kindly subscribe to this blog. Look for a subscribe button on the sidebar and enter your email address. Make sure that you check your email for a confirmation link which could be in spam/ folder. Clink on the link on email and confirm subscription.

Economic News 15-19 June

Economic News 25- 29 May

Economic news to Watch this week

Again this week, Central banks are in focus. BOC, ECB, RNBZ and Fed. It is Covid-19 time, the Central Banks are busy. Below is the weekly economic news to watch this week.

Economic News 15-19 June

Economic News 18-22 May

Economic news to watch this week

Week ahead: This week the markets are more focused on Central Banks and COVID-19. COVID-19 has been doing the most in the global economies and the Central Banks have resorted to cutting their Interest Rates. If you have no idea why would they resort to such measures, you can read my previous post.

On Monday, Federal Reserve Chair Jerome Powell will deliver a speech to discuss COVID-19 and the economic outlook in an interview conducted by CBS’ 60 Minutes. On Tuesday he will testify, along with Treasury Secretary Steven Mnuchin, on Corona virus Aid Relief, and the Economic Security Act. On Wednesday, Bank Of England Gov Bailey is due to testify along with three MPC (Monetary Policy Committee) members, on the economic impact of COVID-19 before the Treasury Select Committee, in London.

On Thursday, Reserve Bank Of Australia (RBA) Gov Lowe will participate in a panel discussion at the Financial Services Institute of Australia, in Sydney. Audience questions expected. Then on Friday, there’s European Central Bank (ECB) and Bank Of Japan (BOJ) on their Monetary Policy statements release. Below is the weekly economic calendar.

Economic News 15-19 June

Economic news 11- 15 May

Economic news to watch this week

Highlights from the previous week: Australia Reserve Bank (AUD) maintained their Interest Rates at the current rate of 0.25% as per expectation and the board maintained that they will not be increasing the cash rate targets until progress is being made towards full employment. Also their trade balance reached 10.60B vs 6.40B expected. This was good for AUD because it simply means that more goods and services were exported than imported.

Bank Of England (BOE) also maintained their Interest Rates at the current rate of 0.10%. The board felt that the current rate is appropriate but they will monitor closely and act accordingly. In the U.S, as expected, the jobless claims were higher, this is the case with most countries due to Covid-19, the labour market is affected badly and there are more unemployment insurances claims. To close off the week, there was Non-farm payrolls release which printed the lowest numbers with the improved earnings. April job stats were really shocking. But again, due to Covid-19 most countries are reporting crazy stats. Below is our weekly economic calendar. Feel free to subscribe to receive weekly economic news straight to your email or App which is available on Google Play store (see download link on the home page). Thank you for stopping by. Kindly share with anyone who is interested in learning more about the markets.

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