The US Bureau of Labor Statistics will release its Consumer Price Index and many other critical events that will move the market this week!
Bank of England’s Meeting & Press Conference
|Meetings of the Bank of England always represent a strong driver of the British pound. The one at 14:00 MT time on November 2 will be no exception.|
|Analysts expect the regulator to tighten monetary policy for the first time in 10 years. According to the forecasts, the central bank will increase the benchmark interest rate by a quarter point to 0.5%. Such outcome won’t be surprising for the market. It’s more interesting what the BoE’s officials say about inflation. If they are concerned with rapid price growth, the GBP may gain, while if they sound relaxed, the GBP will suffer.|
The G20 summit and the US PPI release gave us a lot of volatility to trade on. Luckily, today’s markets may be even more volatile with new vital releases and geopolitical decisions. The daily news report will surely help you!
The results of the Chinese Communis Party's Congress shook the markets, while the JPY weakened even after the interventions were conducted
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.