Key event risks in the week ahead – Westpac

Analysts at Westpac enlist key economic events to watch out for in the week ahead, with the key focus likely to be on the UK politics and European Central Bank (ECB) monetary policy decision.

Key Quotes:

“Little data and event of note Monday though BoJ Governor Kuroda will deliver a speech at the IMF today and we do have a busy week ahead.

In the UK Leadership vote outcome due Tuesday and the new PM moving into Downing Street Wednesday. The new PM will face a stern test in the Gulf after last week’s seizure of a UK flagged tanker Friday.

The ECB meets Thursday and given Draghi’s comments in Sintra, expectations are running high. The US will report advance Q2 GDP Friday.

We also have just under a third of S&P500 stocks report earnings this week including Facebook, Amazon, Google, Twitter, Boeing and Caterpillar.

Here in Australia, the main focus will be on RBA Governor Lowe’s speech "Inflation Targeting & Economic Welfare" Thursday.”

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD holding onto gains amid trade wars, ahead of German IFO

EUR/USD is trading around 1.1150, consolidating its gains after the escalation in US-Sino trade wars sent US yields and the greenback lower. German IFO Business Climate is next.


GBP/USD consolidates amid Brexit uncertainty

GBP/USD is trading below 1.2300, consolidating its gains. The UK and the EU have been blaming each other for a potential no-deal Brexit. US-Sino tensions are in play as well.


USD/JPY recovers farther from multi-year lows on Trump’s positive trade-related comments

The incoming positive trade-related comments dented the JPY’s safe-haven demand. Improving global risk sentiment helped the pair to recover around 150-pips intraday. Investors now look forward to the US durable goods orders data for a fresh impetus.


Gold: Risk-off rally stalls after US, China aim to calm trade war fears

Having surged to the fresh high since April 2013, Gold declines to the intra-day low of $1,538.50, before taking rounds to $1541.60, by the press time of early Monday. China shows readiness to have a calm discussion with the US.

Gold News

Forex Today: Trade wars paint markets in red, Brexit looks worse, and central banks are limited

Here is what you need to know on Monday, August 26th: The US-Sino trade war is painting global markets in the red. The US dollar is losing some ground to major currencies as yields plunge, while it gains against commodity currencies. Gold is rising and oil is falling.

Read more