Thursday News: Expectations and Reality

Thursday News: Expectations and Reality

In the current geopolitical situation, it’s difficult for analytics to predict all the economic aspects, either it’s about commodities or currencies.

US traders turn their attention to the Bureau of Labor Statistics who’ll release the CPI for the latest inflation data today. Economists expect CPI to rise 7.9% in February compared to last year. This figure will be the fastest annual jump since 1982 and exceed January's current 40-year high of 7.5%.

European Central Bank is going to make a monitory policy statement. Because of Russian-Ukrainian conflict, countries don’t rush raising an interest rate, even though the inflation is 5.8% now. The “stagflation” risk is high.

 XBR saw its biggest one-day percentage decline in almost two years as prices settled at $111.14 per barrel.

XBRUSDH1.png

In currency markets, the EURUSD pair traded at 1.1047 after rising 1.6% on Wednesday, the best day since June 2016, along with European equities and a sell-off in bonds.

EURUSDH1.png

In cryptocurrencies, bitcoin traded below $40,000 after a sharp rally in digital tokens fueled by optimism about an upcoming US cryptocurrency overhaul that could provide regulatory clarity for investors.

BTCUSDDaily.png

Adidas posted weaker-than-expected results for the year on Wednesday, but the sportswear brand remains set for the year ahead. Its total sales grew only 16% last year - less than the 18% it’d hoped for. Now the adidas stock costs210.15.

Amazon rose 10% in extended trading after the e-commerce giant said its board approved a 20-to-1 split in the company's common stock - the first time since 1999 - and authorized a $10 billion share buyback.

Don’t miss today:

  • The US CPI release 3:30 PM MT
  • The EU Monetary Policy statement 2:45 PM MT

Have a good trading day!

Similar

What to Trade on August 22–26?
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)…

Latest news

FED and BOE Make Another Attempt to Beat Inflation
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.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera