The Last Volatile Week of 2022
The US Bureau of Labor Statistics will release its Consumer Price Index and many other critical events that will move the market this week!
European Central Bank Will Meet on Thursday
What will happen?
The European Central Bank will make its policy statement on July 22 at 14:45 MT (GMT+3). The bank is expected to update its strategy and share its forecast for inflation. The ECB’s new strategy may allow inflation to overrun the 2% goal when interest rates are at record lows. If it is the case, it will signal that the central bank won’t tighten the policy earlier than expected, which will limit the upside potential for the euro.
How to trade on the ECB statement?
- If the ECB hints at any sign of policy tightening earlier than initially thought, the EUR will rise.
- If the ECB claims it would stay ultra-loose for longer, the EUR will drop.
Instruments to trade: EUR/USD, EUR/JPY, EUR/GBP
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The central banks' meetings will highlight the week as well as the PPI release
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Market Crash Incoming?
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.
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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.
Investor Positivity May Fade After Powell's Speech and CPI Release
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.
