The Last Volatile Week of 2022
The US Bureau of Labor Statistics will release its Consumer Price Index and many other critical events that will move the market this week!
The Bank of England may support the GBP
The Monetary policy committee of the Bank of England will vote on the level of interest rate and release its monetary policy summary on March 21, at 14:00 MT time.
The bank is expected to keep its interest rate unchanged at 0.75%. The main focus of traders will be on the tone of the monetary policy summary. Last time the BOE governor Mark Carney said that the central bank would provide all the necessary support for the stability of the GBP. It helped the GBP to recover. The hawkish comments during this meeting may push the GBP up.
- If the BOE is hawkish, the GBP will rise;
- If the BOE is dovish, the GBP will fall.
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Traders Should Know About These Releases
The G20 summit and the US PPI release gave us a lot of volatility to trade on. Luckily, today’s markets may be even more volatile with new vital releases and geopolitical decisions. The daily news report will surely help you!
China Worries the Markets
The results of the Chinese Communis Party's Congress shook the markets, while the JPY weakened even after the interventions were conducted
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Market Crash Incoming?
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
What Currency Will Overperform?
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
Investor Positivity May Fade After Powell's Speech and CPI Release
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
