mask Mario Draghi takes Centre Stage while growing Fears on Trade Conflicts boost Safe Haven Currencies

08/ 05/ 2019

Mario Draghi takes Centre Stage while growing Fears on Trade Conflicts boost Safe Haven Currencies

Daily Update - 8th May 2019

Yesterday’s Market

  • Australian Interest Rate Decision & Monetary Statement

Yesterday’s Explained

If we take a look at the economic outlook yesterday Australia did not raise the interest rates as expected and the Monetary Statement gave out a hawkish stance over the future policies.

 

Today’s Market

  • New Zealand Interest Rate Decision & Rate Statement
  • Bank of Japan Monetary Policy Meeting Minutes
  • ECB President Mario Draghi’s Speech

Today’s Focus

Today’s highlight will be around New Zealand Interest Rate Decision & Rate Statement both will give us an indication on their current economic conditions and their future projections. Followed by Bank of Japan’s Monetary policy meeting minutes which will give us clear indication of their quarter growth and JPY probably stance against their rivals.

Finally to conclude the busy day Mario Draghi will speak today at an Event in Frankfurt, Germany. Based on his future policies & comments markets could be volatile today for Euro.