What to Trade on August 22–26?
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)…
Japan's sturdy machinery orders demonstrate companies are ready to spend
In November, Japanese orders for machinery tacked on to their highest value for a decade, thus demonstrating that companies might finally be responding to policymakers' vigorous efforts to get them to spend their huge cash reserves to stimulate economic surge.
The major measure of capital expenditure was rolled out just as the country’s key business lobby urged Japanese businesses to have wages lifted by 3% in approaching annual salary talks with unions, backing the authorities’ efforts to step up inflation.
The developments actually suggest premier Shinzo Abe is making a big progress in making risk-shy businesses spur spending and help him to start a virtuous cycle of consumer spending, business investment and surge in the world's number three economy.
Additionally, the Bank of Japan is braced for painting an upbeat picture of the Japanese economy next week to indicate its next policy move would be not to ramp up, but to dial back its huge monetary stimulus.
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The US GDP: What’s New?
The US will announce the advanced Gross Domestic Product (GDP) on July 28 at 15:30 MT time.
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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.
