How Energy Crisis Affects German PMI August 23, 2022, 10:30 GMT+3 Germany will publish Flash Manufacturing PMI data on Tuesday, August 23, at 10:30 MT time (GMT+3)…
5 important things this week will bring us!
- ECB Meeting (Wed, 14:45 MT (11:45 GMT)) – last month, the ECB pushed back the earliest possible date it could raise interest rates to 2020. Moreover, the central bank announced a new tranche of cheap loans to banks. There is no light among the weak forecasts for the growth and inflation of the European area. Traders should follow the mood of the ECB. The hawkish tone will provide a good chance for the euro to rise, the dovish one will cause suffering of the currency.
- American inflation level - CPI, Core CPI - (Wed, 15:30 MT (12:30 GMT)) - after the mixed jobs data that were out at the end of the last week, the inflation figures will have a great impact on the USD.
- British GDP and Manufacturing Production data (Wed, 11:30 MT (08:30 GMT)) - Up to now, forecasts are not encouraging, but the direction of the currency will mostly depend on the actual releases. Greater readings will push the British currency up, while weaker ones will pull it down.
- The International Monetary Fund (Wed, Tentative) – the organization will update its global outlook and may provide some important comments on the different important world political and economic issues. Follow news with FBS to be up to date.
- American Producer Price Index (Thu, 15:30 MT (12:30 GMT)) – the forecast is greater than the previous data that is a positive signal for the USD. However, traders should pay higher attention to the actual release.
Brexit, Brexit and one more time Brexit!
Traders seem to be fed up with the Brexit updates. However, this issue can’t be avoided.
The second special summit is scheduled for this Wednesday. The European Council meets to consider the request of the UK to postpone the Brexit deadline to June 30, which is currently scheduled for Friday, April 12. A day ahead, Theresa May is going to meet with French President Mr. Macron and German Chancellor Mrs. Merkel.
If the Council members are able to agree on the delay in Brexit, GBP traders will be in a good mood. However, if parties can’t come to an agreement, the UK will have to leave the EU without a Brexit deal that is dramatic for British politics, economy, and security.
Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
The volatility that the markets experienced last week promises the second tidal wave! What should your favorite assets anticipate during the first week of February?
As Europe moves into recession, next week may provide us with some amazing trading opportunities. Here they are!
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.