Every week we expect many interesting events that can shake the market.
December euro zone inflation meets expectations
In December, euro zone inflation went down. The given outcome was in line with market participants’ hopes. That’s what investors learned from an update published by Eurostat on Friday.
As the European Union's statistics office informed, in December the consumer price index tacked on at an annual rate of 1.4% versus November’s outcome of 1.5%.
The rates turned to be in line with hopes, although below the ECB target inflation rate of 2%, underpinning the key bank’s approach to gradually lifting interest rates.
Meanwhile, in December, inflation inched up by 0.4% month-over-month versus November’s result of 0.1%.
Core inflation, excluding food and energy prices and is closely watched by the European Central Bank, tacked on by an annualized 0.9%, demonstrating the same outcome as last month.
After the report, the currency pair EUR/USD showed a result of 1.2243 versus the previous reading of 1.2236.
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)…
A new week means new trading opportunities! Here are some events that can fluctuate the market actively…
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.