Global Financial Markets will focus on very first rate hike by Federal Reserve in 2018, besides that Bank Of England monetary policy will be on radar. Ahead of coming week Foxamoney.com has complied list of five important Events on Economic Calendar that are most likely to affect upcoming trading sessions.
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Here is Beginning of Forex Weekly Updates
- Federal Reserve Rate Decision
The central Bank of America “Federal Reserve” expects to raise rates by a quarter points (25bp) at the conclusion of its two day policy meeting on Wednesday at 2:00 pm (EST).The banks rate statement will be closely watched for any indications as to the pace of monetary policy tightening for the remainder of the year.
Investors will also watching for any signs of concern among policy makers over the prospects for a global trade war.
- Bank of England Policy meeting
The Bank of England will announce its rate decision on Thursday at 12:00 GMT also Governor Mark Canery is set to speak right after policy announcement.
Brexit developments will also be in focus. As two-day European Council summit begins on Thursday, with negotiators attempting to reach agreement on the transition period for the UK to leave the EU.
3 Euro Zone’s PMI
Euro Zone is set to release its Manufacturing and services sector activity data on Wednesday at 4:00 Am (EST). The ECB dropped its easing bias from its rate statement earlier this month, fueling expectations that it is moving closer to normalizing monetary policy in the euro area.
Last week foxaMoney Predicts upcoming weakness in Euro Pairs, Upcoming sessions can let the bears take over EUR/USD, EUR/GBP, and EUR/NZD
- Reserve Bank Of New Zealand Rate decisions
The central bank of New Zealand is set to release its latest interest rate statement on Wednesday at 20:00 GMT. Market players expect there will be no change in benchmark rates but it will be the last meeting before Adrian Orr takes over as governor on March 27 From Grant Spencer.
- G20 Meeting
Finance Ministers and central bank governors from the world’s twenty largest economics are set to meet in Buenos Aires starting on Monday, with the state of the global economy and risks to growth at the top of the agenda.
The regulations of crypto currency will also be on top of their agenda.
This article is part of Foxa Money Everyday Market Review. Any reproduction or alteration in the article will be considered as copyright violation.
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