{"id":47262,"date":"2023-07-03T11:06:00","date_gmt":"2023-07-03T10:06:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=47262"},"modified":"2023-07-03T15:22:01","modified_gmt":"2023-07-03T14:22:01","slug":"the-week-ahead-29","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/the-week-ahead-29\/","title":{"rendered":"The Week Ahead"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"47262\" class=\"elementor elementor-47262\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-fa2f5e1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fa2f5e1\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-58fedb6\" data-id=\"58fedb6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c300ba5 elementor-widget elementor-widget-text-editor\" data-id=\"c300ba5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>During the week ahead the market is likely to look towards a number of key market themes and events which have the potential to indicate financial market moves.<\/p><p>The economic calendar is jammed packed with important events and releases this week. The release of the US ISM Survey, US jobs report, FOMC minutes, and RBA rate decision headline.<\/p><p><strong>RBA Rate Decision <\/strong><\/p><p>The Reserve Bank of Australia will meet next week to decide on rates and economists forecast data shows a spilt, with half calling for a 25-basis point rise and the other half predict a pause at the current.<\/p><p>Moreover, the RBA has lifted its cash rate a total of 4 full percentage points since it started tightening policy in May 2022, the fastest pace in decades.<\/p><p>Among the big four banks,\u00a0the ANZ and Westpac both expect the RBA to hike rates by another 25 basis points in July and August.<\/p><p>Another surprise hike cannot be ruled out as inflation remains a distance from the central bank\u2019s 2-3% target range and considering that the central bank has gone against the consensus for a pause at the last two meetings.<\/p><p><strong>Non-Farm Payrolls<\/strong><\/p><p>More mixed jobs gains are forecast this week as the consensus currently looks for 200,000 payrolls to be added. This would be a steep drop from the 339,000 jobs previously added.<\/p><p>Accordingly, the US unemployment rate seen unchanged at 3.7% and the US Average hourly earnings are seen rising 0.3% month on month, matching the rise seen in May.<\/p><p>Recently, ratings agency Moody&#8217;s said that while it expects to see continued signs of labour market cooling from the data, it likely will not be enough to keep the FOMC from restarting rate hikes in July.<\/p><p>Moody&#8217;s also notes that it receded in the latest week, although the four-week average remains close to the break-even level, adding that it will be important to note any sustained increase in the level of claims as it would likely signal a deceleration in monthly job gains.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>During the week ahead the market is likely to look towards a number of key market themes and events which have the potential to indicate financial market moves. The economic calendar is jammed packed with important events and releases this week. The release of the US ISM Survey, US jobs report, FOMC minutes, and RBA [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":38736,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[163,567,318],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.6 (Yoast SEO v20.11) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Week Ahead - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/the-week-ahead-29\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Week Ahead\" \/>\n<meta property=\"og:description\" content=\"During the week ahead the market is likely to look towards a number of key market themes and events which have the potential to indicate financial market moves.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/the-week-ahead-29\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-03T10:06:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-03T14:22:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/12\/GettyImages-471338305.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"724\" \/>\n\t<meta property=\"og:image:height\" content=\"397\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"The Week Ahead\" \/>\n<meta name=\"twitter:description\" content=\"During the week ahead the market is likely to look towards a number of key market themes and events which have the potential to indicate financial market moves.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Batchelor\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/the-week-ahead-29\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/the-week-ahead-29\/\"},\"author\":{\"name\":\"Nathan Batchelor\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\"},\"headline\":\"The Week Ahead\",\"datePublished\":\"2023-07-03T10:06:00+00:00\",\"dateModified\":\"2023-07-03T14:22:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/youtrading.com\/en\/the-week-ahead-29\/\"},\"wordCount\":334,\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"keywords\":[\"Non-farm Payrolls\",\"Rate hikes\",\"RBA\"],\"articleSection\":[\"Opening of the Week\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/youtrading.com\/en\/the-week-ahead-29\/\",\"url\":\"https:\/\/youtrading.com\/en\/the-week-ahead-29\/\",\"name\":\"The Week Ahead - 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