Bank of Canada Interest Rate Decision
► Wednesday, 11 July – The Bank of Canada is set to release the Interest Rate Decision. The current interest rate sits at 1.25% and it is forecast to increase by 25 basis points to 1.50% to maintain the inflationary target of 2%. A Monetary Policy Report will follow Interest Rate Decision to outline any new fiscal policies and the Bank of Canada’s outlook of the Canadian economy.
European Central Bank Monetary Policy Meeting Accounts
► Thursday, 12 July – The European Central Bank is set to release the Monetary Policy Meeting Accounts. The accounts will contain an overview of the financial market, economic, and monetary developments. The aim is to provide the reasoning behind the monetary decisions and helps the public to understand the Governing Council’s assessment of the economy and its policy responses in the evolving conditions.
NATO Summit
► 11-12 July – The North Atlantic Treaty Organisation is set to hold a summit. The aim of the summi9t is to fulfill 3 main tasks:
- ■Collective Defence
- ■Crisis Management
- ■Cooperative Security
The Alliance will make important decisions to further boost the security in and around Europe through:
- ■Strengthened deterrence and defence
- ■Projecting stability and fighting terrorism
- ■Enhancing its partnership with the European Union
- ■Modernising the Alliance
- ■Achieving fairer burden-sharing
Key Financial Figures
► Tuesday, 10 July – The United Kingdom Gross Domestic Product figure is set to be released by the National Statistics. The current internal Brexit conflicts and the resignation of David Davis are already putting a strong tension in the U.K. economy. If the upcoming GDP reading is lower than forecast, it is likely to have a strong effect on the Sterling.
►Thursday, 12 July – The United States Consumer Price Index figure is set to be released by the US Department of Labor Statistics. With the current trade tension with China, the upcoming CPI might be higher than normally expected.
This information is subject to change without notice. BlackBull Markets strives to provide the most accurate information available, but cannot guarantee that any of these events will occur nor that the outcome will be as stated. This information is to be used for educational purposes only and further research should be done before trading.
BlackBull Markets is the trade name of Black Bull Group Limited Ltd which is a registered Financial Service Provider in New Zealand with FSP No. 403326. Black Bull Group Limited registered New Zealand Company is listed on New Zealand Financial Service Provider Register (#FSP 403326) and is also a member of the Financial Dispute Resolution Service FSCL.
Risk Warning: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money you cannot afford to lose. You should make yourself aware of all the risks associated with foreign exchange trading and seek advice from an independent financial adviser if you have any questions or concerns as to how a loss would affect your lifestyle
