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Jackson Hall Central Bank Annual Meeting is Coming, New Zealand Fed Resolution and the UK and Japan CPIs attract attention
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Analysis]: Jackson Hall Central Bank Annual Meeting is xmh100.coming, and the New Zealand Federal Reserve's resolution and the UK and Japan CPIs are attracting attention." Hope it will be helpful to you! The original content is as follows:
XM Foreign Exchange Market Preview: Jackson Hall Central Bank Annual Meeting is xmh100.coming, New Zealand Fed Resolution and the CPI of the UK and Japan have attracted attention.
XM Preview: The importance of economic data to be released this week is from high to low: New Zealand Fed Interest Rate Resolution, Jackson Hall Central Bank Annual Meeting, Trump and European Leaders' Multilateral Meeting, and the CPI data of the UK and Japan. Next, we will interpret it one by one.
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This Wednesday at 10:00, the New Zealand Fed will announce the results of the August interest rate resolution. The mainstream expects it to cut interest rates by 25 basis points, and the benchmark interest rate may be lowered from 3.25% to 3.00%. Last Tuesday, the RBA just announced a 25 basis point rate cut. Australia and New Zealand have close economic and trade relations and resonant monetary policy, which is a reliable signal that the New Zealand Federal Reserve will cut interest rates simultaneously. In terms of historical economic data, Australia's unemployment rate in July was 4.2%, which was at a low level; the core CPI annual rate in the second quarter was 2.7%, which declined for ten consecutive months, and the high inflation crisis has been exposed; the total xmh100.commodity exports in June were 44.32 billion Australian dollars, an increase of 6% month-on-month; the total xmh100.commodity imports in June were 38.95 billion Australian dollars, a decrease of 3.1% month-on-month. The rise in exports and the decline in imports means that Australia's foreign trade remains strong. Looking ahead, Australia is subject to tariffs and sanctions from the United States, and the current prices of metal ore are generally low, Australia's macroeconomic prospects are pessimistic. needIt has attracted attention that the New Zealand Federal Reserve ended the trend of continuous interest rate cuts in July, and it is still possible to remain calm this month, but the probability is relatively low.
On Thursday, August 21, the Jackson Hall Global Central Bank Annual Meeting will be held until Japan Saturday 23. Federal Reserve Chairman Powell will deliver a speech at this meeting, the specific time is 10:00 on August 22, corresponding to 22:00 on Beijing time on the same day. If Powell speaks on sensitive topics, such as the Federal Reserve's monetary policy, Trump's pressure, inflation and unemployment rate data, it may trigger violent fluctuations in the US dollar index and gold and silver.
On August 15, US President Trump and Russian President Putin met in Anchorage, Alaska, USA. Market participants have high expectations for this and believe that it can find a new way out for the current Russia-Ukrainian issue. After the meeting, Tramp said, "Major progress has been made, and we will wait and see." Putin said that no agreement was reached on the most important issue and there are still very good opportunities in the future. Neither party directly disclosed the details of the meeting. Market insiders believe that although the "Teppe Conference" has not achieved substantial results, it has conveyed signals of both positive xmh100.communication to the outside world, which will help reduce international risk aversion and be negative for gold. This week, Ukrainian President Zelensky and other important European leaders rushed to the United States to seek changeable talks with Trump. If the results of multilateral talks between the United States and Ukraine and other leaders are seriously biased towards Ukraine, it may lead to the serious weakening of the results achieved by the "Tepco" and continue to pay attention.
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At 14:00 this Wednesday, the UK Statistics Office will announce the annual rate of core CPI in July, with the previous value of 3.7%, and the expected value remained the same; the annual rate of CPI in July, which was announced at the same time, with the previous value of 3.6%, and the expected value of 3.7%. UK CPI data will affect the Bank of England's adjustments to monetary policy. According to historical data, the annual rate of core and nominal CPI in the UK is in a significant upward trend, and the latest values of both are above the upper limit of moderate inflation standard of 3%, which means that the demand for goods in the UK still needs high interest rates to curb. If both CPI data in July rise, it means that the overheating situation of inflation has not turned around, and the probability of the Bank of England's interest rate cut will be reduced next time, which will be more beneficial to the pound's currency value.
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This Friday at 7:30, the Statistics Bureau of the Ministry of Internal Affairs and Affairs of Japan will announce Japan's core CPI annual rate in July, with the previous value of 3.3%, and the expected value of 3%, with a large decline. The Bank of Japan set a moderate inflation standard of 2 to 3%, and even if the data in July fell, it is still above the target inflation level. In addition, according to historical data, Japan's core and nominal CPI annual rate curve is in a medium-term upward trend, and the data for individual months is underThe decline will not change the market's expectations for continued warming inflation in Japan. For the Bank of Japan, continuing interest rate hikes is a long-term option. As long as the core CPI annual rate does not decline significantly continuously, the expectation of interest rate hikes will continue, which will benefit the yen value.
XM risk warning, disclaimer, special statement: The market is risky, so be cautious when investing. The above content only represents the analyst's personal views and does not constitute any operational suggestions. Please do not regard this report as the sole reference. At different times, analysts' views may change and updates will not be notified separately.
The above content is all about "[XM Foreign Exchange Market Analysis]: Jackson Hall Central Bank Annual Meeting is xmh100.coming, the New Zealand Federal Reserve's Resolution and the UK and Japan CPIs attract attention". It is carefully xmh100.compiled and edited by the XM Foreign Exchange editor. I hope it will be helpful to your transactions! Thanks for the support!
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