The Reserve bank of Australia will release the rate statement and announce the update on the interest rate on February 4, at 5:30 MT time.
Rate decision by the RBNZ: the downside risks for the kiwi
The Reserve bank of New Zealand will release the monetary policy statement and its interest rate at 3:00 MT on November 13. After that, the RBNZ governor Adrian Orr will conduct a press conference at 4:00 MT.
After the interest rate remained unchanged at the record low of 1% during the previous meeting, the regulator noted that there remains scope for more monetary stimulus as the economy needs to be supported. Now, analysts forecast the 64.3% chance of a rate cut by 25 basis points. The expectations of this kind of decision have increased after the release of New Zealand's business confidence and job data last week. The first indicator showed an improvement to -42.4 in October, but the figures are still negative. At the same time, the unemployment rate increased to 4.2%.
• If the RBNZ cuts its rate, the NZD will fall;
• If the RBNZ doesn’t cut its rate, the NZD will rise.
The European Central Bank will publish its monetary policy statement and announce the main refinancing rate on January 23 at 14:45 MT time.
The Bank of Canada (BOC) will release its rate statement alongside the monetary policy report during its meeting on January 22 at 17:00 MT time.
US Initial jobless claims will be announced on Thursday at 15:30 MT time.
The New Zealand interest rate is announced on Wednesday at 05:00 MT time.
Long time we haven't checked the S&P 500 stocks - there are interesting events and trends to follow.