With the ongoing corona crisis, financial investors keep their eyes locked on collecting information about the slightest signal from governments and central banks on the economic front. The past month saw global stocks on a fluctuating rally, where some days gave positive reverts while others ended on a low score. Despite all these stock market upheavals, the market’s overall momentum was satisfactorily bullish, sighing relief to the investors throughout.
The start of a new month has opened doors of new opportunities for the investors who observe every economic data to predict the global recovery. The tech industry’s sell-off resulted in the deepest plunge of the equity indices in almost three months span. Some of the most important events to look forward this week are mentioned here:
Meetings of the Central Banks
The European Central Bank (ECB) and Bank of Canada (BoC) have announced to organize their policy meetings on Wednesday and Thursday, respectively. The meetings can be seen as one of the most important economic space events as they will help give a clearer picture of the future. Recently, in an interaction, ECB chief economist Philip Lane stated that the recent appreciation in the Euro’s value would leave a major impact on the global monetary policy structure. The investors will be interested to know the views of Christine Lagarde concerning Philip’s statement. They will be keen to know about the inflation and interest rates as the inflation rate in Eurozone has dropped to a negative figure recently.
The Brexit Talks
The eighth round of meetings between the European Union and the United Kingdom will take place from September 8 to September 10 in London. The honorable PM Boris Johnson, before the negotiation rounds, affirmed to avoid trade-related conversations. He emphasized that no-deal Brexit will be beneficial for the country. The spearhead is working on legislation that might override the Brexit withdrawal agreement on Northern Ireland. The meetings will leave an impact on the GBP trading pairs movement in the market space.
The Important Data and Commodities to Watch
This week will be a major turn for Gold as after recording a whopping high, its price fell to its lowest rate in comparison to the past seven years recently. The reports suggest that the geopolitical situation, the US stimulus package, and the virus crisis can play a crucial role in changing Gold’s price value. The investors will monitor the GDP and inflation rates of leading indices of the US, UK, and Australia to scrutinize the economic trend likely to hit the industry. Read the latest news on worldwide cryptocurrency and price markets on forex market news and analysis portal.