Australia, Canada, and EU Attempt to Steal the Fed Monetary Policy
Fed Chair Jerome Powell’s comments on the Jackson Hole Symposium resulted in the worst weekly candle in US500 since June.
How Will USD React to Consumer Sentiment Index?
What will happen?
America will announce prelim UoM consumer sentiment on March 11, at 17:00 MT (GMT+2).
Financial confidence is a leading indicator of consumer spending. This index reflects the overall economic activity. These data are released in two parts 14 days apart – preliminary and revised. The preliminary release is the earlier and thus tends to have the most impact.
Last time the result underperformed the expectations. As a result, AUDUSD gained more than 600 points.
How to trade on Prelim UoM Consumer Sentiment index?
- If the Prelim UoM Consumer Sentiment is greater than forecast, USD is likely to strengthen against other currencies.
- If the Prelim UoM Consumer Sentiment is lower than forecast, USD is likely to weaken against other currencies.
Instruments to trade: USDCAD, USDCHF, GBPUSD
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Last week several important economic updates influenced the Forex market. US preliminary GDP fell less than expected (0.6% actual vs. 0.7% forecast). Below you will find the key events to trade on during the week from August 29 to September 2.
USD Moves Weird Ahead of CPI
The United States will publish the Inflation Rate and Core Inflation Rate, also known as US CPI and Core CPI, on August 10 at 15:30 GMT+3.
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Post-Fed Releases for USD & CAD Traders
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
FED and BOE Make Another Attempt to Beat Inflation
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.
Will the UK and US Cope with Inflation?
Every week we expect many interesting events that can shake the market.
