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.
UK Manufacturing PMI
|In the environment of uncertainties related to the Brexit negotiations, the pound needs support from other sources. PMI is a leading indicator of the economic health. A positive reading of this indicator can be an encouraging factor for the UK currency. If the actual figures turn out to be better than the forecast ones, the GBP will strengthen its positions versus the USD and the EUR. The index will be published at 11:30 MT time ion March 1.|
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.
US stock markets started falling, while the US dollar is rising. What to expect from
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%.