ECB & RBA policy meetings, US employment report, other key data in focus

March 3, 2017

Weekly Financial Market Analysis from FXGiants.

ECB & RBA policy meetings, US employment report, other key data in focus

This article is originally referred from FXGiants News

ECB & RBA policy meetings, US employment report, other key data in focus.

Next week’s market movers

  • In Eurozone, we expect the ECB to remain on hold and maintain its dovish bias amid non-accelerating underlying inflationary pressures.
  • The Reserve Bank of Australia is forecast to stand pat as well. We share this view, following recent comments from Governor Lowe and mixed economic data.
  • In the US, the final employment report before the Fed’s March meeting is likely to add the finishing touch to market expectations regarding a hike at that gathering.
  • We also get key economic data from China, the US, Canada, and Norway.

On Monday, we have a relatively light calendar, with no major events or indicators due to be released.
On Tuesday, during the Asian morning, the Reserve Bank of Australia will announce its rate decision. The forecast is for the Bank to remain on hold, a view we share following strong hints from Governor Lowe last week that the bar for any further easing is high. The Governor said that the officials are concerned with the high levels of household debt being a risk to financial stability, and that any more rate cuts could amplify that risk. In addition, the Bank has maintained a neutral bias in all of its recent communications, and in its latest policy statement, it even disregarded the softness in recent Australian data as being transitory….

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FXGiants Weekly Analysis/Outlook March 6th – 10th

Original Source: FXGiants News

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