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)…
Tuesday News: Tension is Rising
The consequences of Russian sanction have influenced all over the worlds. The commodities question has become crucial, especially for Europe, however as for the US, it doesn’t seem a problem.
Brent Futures crude reached $137 a barrel, the highest price since July 2008.
Gold futures rose above $2,000 an ounce for the first time in 18 months. The resistance now is $2022.50 and the support is $1975.
JPMorgan Chase & Co. said it would remove Russian bonds from all of its widely tracked indices, further isolating the country's assets from global investors.
The Biden administration is considering a possible ban on oil imports from Russia to the US, but "no decision has been made at this time," an administration official told Fox News.
The S&P 500 fell nearly 3%, its worst day since October 2020, while the high-tech Nasdaq 100 dropped 3.7% and the Nasdaq Composite closed in bear market territory.
Here are some highlights from this week:
- Apple new products event on Tuesday.
- China aggregate financing, PPI, CPI, money Supply, CNY New Loans on Wednesday
- Statement by Reserve Bank of Australia governor Philip Lowe on Wednesday and Friday
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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.
Latest news
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.
