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)…
Market updates on June 27
- According to the fresh press of Hong Kong, the US and China agreed to have a temporary trade truce ahead of the Trump-Xi meeting on Saturday. The Australian dollar rose on the improved risk-on sentiment. On H4, AUD/USD has been trading within the upward channel. The next resistance in the focus of bulls will lie at 0.7006. After the breakout, pay attention to the 0.7022 level. From the downside, the support levels lie at 0.6987 and 0.6966.
- During the Asian trading session, the level of ANZ business confidence fell to -38.1. The New Zealand dollar reacted negatively to this news but managed to recover. At the moment, NZD/USD is consolidating between the 0.6692 and 0.6675 levels on H4. If bearish pressure increases, the break of the 0.6675 level will help bears to target the next one at 0.6655. The next key level will lie at 0.6626. From the upside, if the resistance at 0.6692 is broken, the next resistance will lie at 0.6728.
- The EUR/USD pair is awaiting the release of final GDP for the US at 15:30 MT. If the USD is not supported today, the levels in focus will be placed at 1.1375, 1.1387 and 1.1402. Otherwise, the support levels for the pair are 1.1353, 1.1344 and 1.1335.
Russian-Ukrainian conflict is influencing every economic aspect…
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!
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.
Every week we expect many interesting events that can shake the market.