Next week’s key events for traders

  • Stay ahead in the forex market with insights into upcoming events, including Japanese inflation, RBNZ rate decision, US Fed speeches, and Euro Area inflation, influencing key currency pairs in the week ahead

Japanese Inflation (Monday): 

  • Predicted to cool in January 
  • Despite this, Bank of Japan Chief, Kazuo Ueda, expresses confidence in the price outlook, suggesting inflation over deflation. 
  • Speculation is high on when the BOJ will end its negative interest rate policy, potentially marking a shift from years of ultraloose monetary policy aimed at combating deflation. 

RBNZ Interest Rate Decision (Tuesday): 

  • The Reserve Bank of New Zealand (RBNZ) maintains a hawkish stance, cautioning against ruling out further rate increases and deferring any cuts until 2025. 
  • The RBNZ’s Monetary Policy Committee is expected to keep the Official Cash Rate steady at 5.5%, according to most economists. 

US Fed Officials’ Speeches (Wednesday and Thursday): 

  • Various US Federal Reserve officials will deliver public addresses throughout the week. 
  • On Wednesday, watch out for Raphael Bostic’s speech at 12 noon. 
  • Thursday features speeches from Raphael Bostic at 10:50 AM, Austan Goolsbee at 11:00 AM, and Loretta Mester at 01:15 PM. 

Euro Area Inflation Rate Flash (Friday): 

  • Euro Area’s preliminary inflation rate is anticipated to be 2.7% in February, a small decrease from January’s 2.8%. 
  • Traders in the EUR/USD market should note that ECB President Christine Lagarde will also speak on Monday. 

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