This week will feature a number of interest rate announcements, employment data, and CPI figures, so it’s likely going to be a very busy one. Let’s have a look at the details of these events below:
Event:RBA Interest Rate Decision – Australia
Date:May 6, 2014
Time:4:30am (GMT)
What It Is About and Why It’s Important
It’s unlikely that the RBA will announce any changes to its cash rate, which currently stands at 2.5%. However, be sure to check out its monetary policy statement, which may mention the RBA’s view on the aussie’s current value.
Event:BoJ Monetary Policy Meeting Minutes – Japan
Date:May 6, 2014
Time:11:50pm (GMT)
What It Is About and Why It’s Important
Happening in early Wednesday morning in Japan, this will provide an insight on the Bank of Japan’s outlook on the economy at the moment and in the near future.
Event:Employment Data (April) – Australia
Date:May 8, 2014
Time:1:30am (GMT)
What It Is About and Why It’s Important
Australia’s unemployment rate is expected rise a bit higher in April from the previous 5.8% to 5.9%. Meanwhile, employment change is expected to grow by 9,600.
Event:CPI (MoM/YoY, Apr) – Switzerland
Date:May 8, 2014
Time:7:15am (GMT)
What It Is About and Why It’s Important
Switzerland’s Consumer Price Index for April is seen to have grown very slightly in the past 12 months at 0.1% (previously 0.0%), while the same rate of growth is expected compared to the previous month (previously (0.4%).
Event:BoE Interest Rate Decision/Asset Purchase Facility (May) – United Kingdom
Date:May 8, 2014
Time:11:00am (GMT)
What It Is About and Why It’s Important
The Bank of England is largely expected to keep the interest rate and the asset purchase facility at their current rates at 0.5% and £375 billion, respectively.
Event:ECB Interest Rate Decision/Monetary Policy Statement – European Union
Date:May 8, 2014
Time:11:45am (GMT)
What It Is About and Why It’s Important
The European Central Bank will also release its interest rate decision, which is expected to remain at 0.25%. Then the monetary policy statement and press conference shall follow at 12:30pm, GMT.
Event:RBA Monetary Policy Statement – Australia
Date:May 9, 2014
Time:1:30am (GMT)
What It Is About and Why It’s Important
This shall give an insight on how the Reserve Bank views the current economy, and affects the future interest rate policy.
Event:CPI/PPI (MoM/YoY, April) – China
Date:May 9, 2014
Time:1:30am (GMT)
What It Is About and Why It’s Important
Along with the RBA’s monetary policy statement, these data from China could cause volatility in the aussie.
Event:Employment Data (April) – Canada
Date:May 9, 2014
Time:12:30pm (GMT)
What It Is About and Why It’s Important
Canada’s unemployment rate is expected to remain at 6.9%, its participation rate increasing slightly from 66.20% to 66.25%, while net change in employment is seen to be at 11.0K from the previous 42.9K.
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