Every week we expect many interesting events that can shake the market.
US Treasuries positions are reduced by Japan and China in November
In November, Japan and China, the two leading foreign American creditors, diminished their holdings of American government debt, when the evergreen buck weakened versus the two countries' currencies, as data from the US Treasury Department published on Wednesday revealed.
Their reduced position in American Treasuries underpinned the notion, which foreign key financial institutions are actually cutting back their greenback exposure in their FX reserves.
Reserve diversification has recently drawn attention of market participants with the underperformance of both the evergreen buck and Treasuries consistent with hopes of major banks cutting allocation to the US currency, as some financial analysts stressed.
In October, the International Monetary Fund informed that the greenback’s share of global FX reserves dived in the third quarter of last year to 63.5%, which is its smallest outcome since mid-2014.
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)…
A new week means new trading opportunities! Here are some events that can fluctuate the market actively…
As Europe moves into recession, next week may provide us with some amazing trading opportunities. Here they are!
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
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.