Current Risks for Developed Economies
Oil prices are rising while the US government is on the verge of shutting down. How will it affect the market?
IMPORTANT EVENTS TO TRADE THIS WEEK
ECB Meeting (Thu, 14:45 MT (11:45 GMT) time) – analysts don’t predict rate changes. However, traders will look at the tone of the central bank. If the bank sounds hawkish, that is unlikely, the European currency will move up. In the case of the dovish mode covering global uncertainties, the euro will move down.
American CPI level (Thu, 15:30 MT (12:30 GMT) time) - forecasts are weak but the actual readings will be more important. If the releases overcome the forecasts, the American currency will appreciate.
American retail sales figures (Fri, 15:30 MT (12:30 GMT) time) - again forecasts are not encouraging, the American currency has risks to decline.
Political issues: Brexit
The sudden resignation of Work and Pensions Secretary Amber Rudd heated up the situation. It’s worth reminding that recently PM’s brother, Jo Johnson, quit the government.
Nevertheless, Boris Johnson is sticking to his decision to bring the UK to the Brexit by the end of October despite a series of fails in the Parliament. There are odds that the Prime Minister will get round the Parliament law requiring a Brexit delay in the case of no deal.
On Monday, the Parliament will vote on the general elections taking its last chance to do something before the shutdown.
Traders should follow the news carefully to not miss an opportunity to trade on the high volatility.
Similar
News for The Week
US stock markets started falling, while the US dollar is rising. What to expect from
Inflation Is in Focus Again
Oil prices are rising and Russia banned the export of its petrol. What's happening in the markets?
Latest news
NFP, Oil, and US Stocks Highlight This Week
Welcome to the first week of October! As usual, at the start of the week, we are looking for valuable insights that will bring us profits in trading. Let’s observe the main events.
The US Dollar Is Correcting
Inflation in Europe was released better than the forecast. The preliminary fact was published at 4.3%. What's happening in the markets?
Bearish Signal For The USD
XAUUSD fell below 1900 for the first time since March 2023. Meanwhile, the US dollar index gives a bearish signal. Read the full report to learn more!
