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In the early hours of Tuesday morning, we have the monetary policy meeting minutes from Australia coming off the back of the decision to hold rates at 1.5% a few weeks ago. This may be an interesting read if you’re trading AUD, given its recent multi-year lows a consequence of the US-China trade war. There is also an OPEC-JMMC meeting throughout Tuesday attended by the 13 OPEC members and the 11 other oil-rich nations. It’s common for officials to speak to reporters throughout the day alongside the customary closing statement, so keep checking for news of any important changes or decisions.

After observing a Bank Holiday on Monday, Japan kick starts Wednesday with the BOJ policy rate being decided in the early hours, announcing their statement on monetary policy in the following press conference. Interest rates are expected to stay the same at -0.10% with their central bank chief confirming that interest rates would not rise ‘for quite a long time’. Later in the day, we have a wrath of data coming out of the UK with Annual CPI figures, including Monthly PPI and Yearly RPI, released at 09:30 (BST). We round off Wednesday with the usual weekly Crude Oil Inventories which hardly ever comes out in line with expectation causing market movements.

The final major interest rate decision takes place on Thursday morning with Libor rate for the Swiss Franc (CHF) being released at 8:30 (BST). The Swiss National Bank (SNB) is due to deliver their monetary policy assessment in a press conference shortly after. Additional UK data is also due on Thursday with retail sales being posted. The release will further indicate if the sustained good weather has encouraged spenders to keep their wallets open, following recent positive data linked to the good weather and a successful world cup performance. We also have a second day of OPEC-JMMC meetings following the first day of talks on Tuesday.

On Friday we have a barrage of European data starting in France, with the release of their Flash Manufacturing and service figures at 8:00 (BST). Germany follows suit at 8:30 (BST), with the whole Euro Zone release due at 9:00 (BST). The UK release their Public Sector Net Borrowing figures at 9:30 (BST) with Canada closing out the week with a full data set at 1:30 (BST), including Monthly CPIfigures and Monthly Core Retail Sales figures amongst others.

Of course, Brexit negotiations and the future of Theresa May, alongside the US-China trade war, remain top of the political agenda, so make sure you stay informed of any new developments.
 

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