This Week in Markets: Big Moves Incoming
This isn’t a routine period—between central bank rate decisions and major economic releases, markets are bracing for turbulence. From July 8 to July 11, key updates from Australia, the U.S., New Zealand, and the U.K. may reverberate across forex and global assets.
It kicks off on July 8, when the Reserve Bank of Australia (RBA) is widely expected to cut its cash rate by 25 bps to around 3.60% for the third time this year. Traders should watch the statement and press conference for additional clues—soft tone could send AUD lower, while upfront comments may spark a rally.
On July 9, the spotlight turns to the U.S. with the release of the FOMC Minutes. These detailed records from the June meeting are a treasure trove for forex traders—the slimmest hint about future rate moves or monetary caution could rock the USD .
That morning, New Zealand’s RBNZ is expected to hold its Official Cash Rate steady at 3.25%. However, even with a hold, the tone of accompanying statements will signal whether more cuts are coming—NZD traders should brace for volatility.
On July 10, the U.S. Weekly Unemployment Claims report arrives. With forecasts around 235k and last week posting 233k, any surprise here could rapidly shift sentiment—lower claims could boost the dollar, while higher claims may unleash risk-off flows.
Finally, July 11 brings the UK’s May GDP monthly estimate. Markets have been on edge since April showed no growth; another flat or weak print could weigh heavily on the pound, while a rebound may offer a relief rally
Why It Matters
This compact yet potent lineup crosses multiple currencies and risk
assets. Whether you’re trading AUD, USD, NZD, or GBP—or watching
broader markets—missing these key dates means trading in the dark.
Mark your calendar, set your alerts, and prepare your strategy:
this week, momentum and sentiment could shift in minutes.
Sources
●RBA expected rate cut: Reuters poll
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