US indicators ended the week on a positive note, as employment data matched or beat expectations. This was good news for the US dollar, which is broadly higher in Friday trade. The markets were pleasantly surprised as Non-farm Payrolls easily beat expectations. The labor market remains very strong, but record low levels of unemployment have failed to translate into stronger wage growth, which remained stuck at 0.3% in July.
Below is the list of the events that will affect the markets on the coming week:
(All times are GMT)
On Monday, at 3:00am Reserve Bank of New Zealand will announce Inflation Expectations.
On Wednesday, at 2:30pm Energy Information Administration will publish Crude Oil Inventories. Market volatility and exchange rates for many currencies depend on oil prices.
At 9:00pm Official Cash Rate and Reserve Bank of New Zealand Rate Statement will be announced.
At 10:00pm Reserve Bank of New Zealand Governor will read a prepared statement and answer to press questions.
On Thursday, at 8:30am Great Britain Office for National Statistics will announce monthly data of Manufacturing Production.
At 12:30pm Producer Price Index (PPI) will be released by USA Bureau of Labor Statistics.
At 12:30pm US Department of Labor anounces Unemployment Claims – the number of individuals who filed for unemployment insurance for the first time during the past week.
At 11:30pm RBA Governor Philip Lowe testifies before the House of Representatives Standing Committee on Economics, in Melbourne.
On Friday, at 12:30pm we are waiting information from US Bureau of Labor Statistics about monthly CPI and Core CPI.
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