
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
On Wednesday, the British pound kept having rather an uneventful trading week. The currency pair GBP/USD hit 1.3378 adding 0.04% on the day.
British CPI has been sticking with 2.4% for a second straight month, which is in line with expectations. As for another major inflation gauge, PPI Input, it managed to ascend by 2.8%, beating the estimate of about 1.7%.
Meanwhile, in the United States inflation reports turned out to be upbeat. The Producer Price Index tacked on to about 0.5%, which is quite above the estimate of 0.1%. It marked the highest revenue since April last year. Core PPI went up to 0.3%, beating the forecast of 0.2%.
The key US financial institution is anticipated to have rates lifted by a quarter-point. Moreover, it’s supposed to come with a rate statement. On Thursday, retail sales in Great Britain and the United States will be unveiled. American unemployment claims will be uncovered on Thursday too.
Traders pay much attention to the Fed or to be exact, it’s 2-day policy gathering that burst out on Wednesday. The Federal Reserve is widely anticipated to have rates raised to a range 1.75%- 2.0%. Apparently, the odds of a quarter-point move kept to 96%, as the CME Group unveiled. In spite of the fact a rate lift has been priced in by the financial markets, this considerable move could spur the evergreen buck against its counterparts.
Market participants are going to pay much attention to the language of the interest rate statement and also to the dot-plot predictions, searching for any clues as for rate lifts in the second half of this year. The key US bank is currently projecting up to three interest rate lifts in 2018, although a strong economy and also soaring inflation have spurred rumors that the Federal Reserve could have rates raised four times this year.
In Great Britain, wage surge keeps lagging behind inflation, affecting consumer spending.
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
Here you'll find what awaits the market this week, from the CPI release to a possible gold plunge.
The first week of November promises to be eventful, as we have the Fed meeting, the BOE update, and the NFP release. Read more details here.
Inflation in Europe was released better than the forecast. The preliminary fact was published at 4.3%. What's happening in the markets?
XAUUSD fell below 1900 for the first time since March 2023. Meanwhile, the US dollar index gives a bearish signal. Read the full report to learn more!
Oil prices are rising while the US government is on the verge of shutting down. How will it affect the market?
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
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!