Fed And ECB Meeting Minutes On Tap This Week

Central bank speeches this week will include talks from the Bank of Canada governor, Poloz and the ECB President Mario Draghi. The RBA’s Lowe will also be speaking this week.

From the Fed, Williams should hold a speech followed by some other members including Clarida, Bullard, and Quarles.

Elsewhere, in the Eurozone, the monthly flash PMI manufacturing and services activity reports will be coming out. The data covers February, and the flash readings will be of interest amid a slowdown in the Eurozone’s economy.

The ECB, RBA and the Fed will be releasing their respective monetary policy meeting minutes this week as well.

Here’s a quick recap of what’s to come in the currency markets this week.

Jobs report – Australia and the UK

The employment report from Australia and the UK will be coming out this week. Both reports will gain a lot of attention.

For Australia, the week ahead will see the wage price index data for the fourth quarter coming out beside the monthly labor market data. Australia’s unemployment rate fell to 5.0% last month while the economy added a substantial number of jobs. However, the question remains on whether the robust hiring has translated to higher wages.

The RBA has been on the sidelines for the past many years as it patiently waits for inflation to edge closer to the inflation target rate. The wage price index data could potentially offer some clues in light of the recent weakness in the energy prices.

Economists forecast that the wage price index advanced 0.6% in the three months ending December. In the previous quarter, the wage price index advanced at a pace of 0.6%.

The unemployment rate is expected to remain steady at 5.0% while the monthly employment change is expected to show 15.2k jobs being added during the month.

The UK’s jobs report will be another exciting report to watch. Amid the backdrop of the recent decline in consumer prices, wages are likely to rise when adjusted for inflation. The UK’s labor market has also been steading expanding with the unemployment rate staying near historic lows.

1 2 3
View single page >> |

Disclaimer: Orbex LIMITED is a fully licensed and Regulated Cyprus Investment Firm (CIF) governed and supervised by the Cyprus Securities and Exchange Commission (CySEC) (License Number 124/10). ...

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


Leave a comment to automatically be entered into our contest to win a free Echo Show.