Forex - Weekly outlook: 07.30 - 08.03
The fed expects to raise rates twice more this year and is expected to move at its September and December meetings, which have press conferences. The FOMC raised rates by 25 basis points in March and in June, leaving rates currently in a range of 1.75-2 per cent.
Inflation and sales data were weak last week, though expectations for a 25-point interest rate rise on August 2 were around 70 per cent last week, before sterling rebounded on the improved sentiment.
Bank of Japan governor haruhiko kuroda lowered his forecast for the full year of 2018 to 1.1% from 1.3%. Cut 2019's 1.8% to 1.5%; Cut 2020's 1.8 percent to 1.6 percent.
The bank of England will release its interest rate resolution, minutes and inflation report at 19:00 BST on Thursday (August 2). It is widely expected to raise rates by 25 basis points to 0.75 per cent, the second rate rise since the global financial crisis.
The labor department is expected to report July non-farm payrolls at 20:30 Beijing time on Friday, up 193,000 from 213,000 previously.
Demand for gold fell 6 percent to 1,960 tonnes in the first six months of the year from a year earlier, according to the world gold council.
Monday, July 30
At the invitation of state councilor and foreign minister wang yi, British foreign secretary Jeremy Hunt will pay an official visit to China and hold the ninth china-uk strategic dialogue.
The 51st ASEAN (association of southeast Asian nations) ministerial meeting, the 19th ASEAN +3 foreign ministers' meeting, the 8th east Asia summit foreign ministers' meeting, and the 25th ASEAN regional BBS are held until August 4.
Tuesday, July 31
The bank of Japan publishes an interest rate resolution and a policy statement.
Bank of Japan governor Haruhiko Kuroda holds a news conference.
Wednesday, August 1
ASEAN foreign ministers meet in Singapore.
The bank of Japan holds a meeting on the fair use of the yen's benchmark.
Thursday, August 2
The federal reserve committee releases its interest rate resolution and policy statement.
Masayoshi Amamiya, deputy governor of the bank of Japan, speaks at a meeting with business executives.
The bank of England publishes its interest rate resolution, minutes and inflation report.
Bank of England governor Mark Carney held a news conference.
Friday, August 3
The boj released the minutes of its June 14-15 monetary policy meeting.
The labor department released its non-farm payrolls report for July.