We have a very busy week ahead of us, with three central banks deciding on monetary policy: the , the and the . No major changes are expected, and thus, we will scan the accompanying statements for clues over their future policy plans. We also get several data from the UK, but GBP-traders may stay focused on Brexit as a new round of talks is set to begin. New Zealand’s CPIs and Australia’s employment data are also due to be released.
Monday is the week’s only light day, with no major events or economic releases scheduled on the economic agenda.
On Tuesday, during the Asian morning, Australia’s survey for June is coming out, but no forecast is currently available. Although this is not a major market mover, given the RBA’s emphasis on the labor market, we will pay attention to the Labor Costs index, which in May showed that wages slid 0.9% QoQ, after falling 2.7% in April. Further improvement, combined with a decent employment report on
Thursday may allow RBA…