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)…
The European central bank may move the EUR
The European central bank will publish its monetary policy statement on June 6, at 14:45 MT time. As usual, after that, the ECB president Mario Draghi will hold a press conference with a Q&A session at 15:30 MT time.
The interest rate is expected to remain at 0%. However, the tone of the statement by Mr. Draghi may shake the euro. According to the ECB vice president Luis de Guindos, the risks for the Eurozone include potential trade war with the US, Brexit and the weakness in emerging markets. Will these factors influence on the comments by the ECB president? If Mr. Draghi sounds positive, it will push the euro up.
• If the ECB is hawkish, the EUR will go up;
• If the ECB is dovish, the EUR will go down.
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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.
