The United Kingdom will publish the Inflation Rate on November 17, at 09:00 MT (GMT+2). It’s a significant indicator that reveals the change in the price of goods and services purchased by consumers during the previous month.
The Bank of England will decide whether to raise the interest rate or not based on the inflation figures. These changes in the interest rate, in turn, impact the value of the British pound.
If you want to know more, read the article “How to trade on central bank decisions”.
Last time, the UK inflation figures were worse than expected. As a result, GBP/USD dropped by 225 points in one hour after the release.
Compare the actual UK Inflation Rate with the forecast, which appears a few days before the report in the economic calendar.
Instruments to trade: GBP/USD, GBP/JPY, EUR/GBP
ECB is ready to take the decision about the key rate. What to expect from officials? Oil prices are high, and economy indicators demonstrate the slowing down in the strongest European economies.
The Fed is going to take a decision about the interest rate. This is the crucial news for the following week. What's going on in the markets and what to expect?
The market is pricing that the Fed will leave the rate at the same level. Meanwhile the major players think that the Fed will start with the monetary easing in the second quarter 2024.
Oil prices are rising and Russia banned the export of its petrol. What's happening in the markets?
Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.
In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!
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