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)…
Thursday News: Fed Brings Ideas to Others
After Federal Reserve announced an interest rate, the wave of changes went through different spheres.
The Fed has raised rates by a quarter of a percentage point and has signaled higher rates at all six remaining meetings in 2022. Chairman Jerome Powell said the US economy is "very strong" and can handle monetary tightening.
The dollar was stable, while the yen hovered around a six-year low. USDJPY has rocketed to $118.70.
Crude oil has fallen in price for the third day, partly due to signs of progress in negotiations between Russia and Ukraine. Now XTIUSD is 96.40.
The Chinese HK50 and the US S&P 500 and Nasdaq 100 (US500 and US100) rose on Wednesday as market sentiment improved on Chinese economic support, Fed optimism and hopes for progress in Russia-Ukraine ceasefire talks.
The President of Ukraine signed a bill on the legalization of cryptocurrency. The bill is called “On Virtual Assets” and establishes the legal basis for the operation of a regulated crypto market in the country.
Toyota suspended the work of two of its plants in Japan after the earthquake.
Don’t miss: GBP BOE official bank rate, March 17 14:00 MT time.
Have a nice trading day!
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What Will Fluctuate the Market on August 15–19?
A new week means new trading opportunities! Here are some events that can fluctuate the market actively…
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.
