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)…
How does the American CPI reflect the virus impact?
On Wednesday, the US monthly inflation will be announced at 14:30 MT time.
Instruments to trade: EUR/USD, USD/JPY, GBP/USD, USD/CAD
In the last four months, inflation in the US hasn’t been deviating from 2.3%, which must reflect the stability of the US economic expansion and the Fed’s monetary policy. This time inflation may tell much about the current situation. Primarily, coronavirus may cool down the US economic expansion lowering the internal consumption and slowing the production process. If that’s the case, inflation will become subdued. And that will be a preliminary indicator of how indeed the virus outbreak impacts the US economy and the USD. That, in turn, should contribute a lot to the US Fed’s rate decision on March 18.
- If the inflation is stable, the USD may be supported.
- If the inflation is lower than expected, the USD may be suppressed.
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 US will reveal Non-farm payrolls on January 7, Friday, at 15:30 GMT+2 (MetaTrader time).
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.