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)…
AUD in focus of traders
The Australian unemployment rate will be released on August 13 at 4:30 MT time!
Instruments to trade: AUD/USD, AUD/NZD, AUD/CHF, EUR/AUD
Last time Australian unemployment rate jumped to the highest level since November 1998. Obviously, it was the devastating effect of the coronavirus pandemic: most companies were forced to shut down. As a result, many workers were fired. The total number even surpassed the all-time high of 992 300. Nevertheless, things are not so terrible as it may seem: employment rose by 210 800 in June, beating analysts’ estimates of a 112 000 increase. Now, Australia is suffering from the fresh coronavirus resurgence. New virus cases are inevitably rising in its state Victoria. Therefore, this time unemployment rate may surprise everyone.
- If the unemployment rate is better than the forecast, the AUD will rise.
- Otherwise, the AUD will fall.
Russian-Ukrainian conflict is influencing every economic aspect…
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!
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.