Four Banks Fight Against Inflation
It will be the hottest week of September, with four central banks’ meetings, five PMI releases, and a lot to trade.
USD: all attention to Manufacturing PMI
USD: all attention to Manufacturing PMI
Instruments to trade: EUR/USD, USD/JPY, USD/CHF
US ISM Manufacturing PMI will be out on January 4 at 17:00 MT time. What is it? Purchasing managers' index or PMI is an indicator based on the survey of purchasing managers in the manufacturing industry. Well, what does it show? Businesses' attitudes to the current market situation. If the indicator is higher than 50, it demonstrates the expansion of an industry, while an indicator below 50 signals a contraction. For instance, the PMI fell to 57.5 in November from a two-year high of 59.3 reached in October. How the market will react? It depends on whether the real numbers exceed expectations or not.
- If the actual PMI data is higher than the forecasts, the USD will strengthen.
- If the actual PMI data is lower than the forecasts, the USD will weaken.
Similar
Inflation Risks Return To The Markets
Lagarde says difficult times have come, and the ECB raised the rate not to cause a recession but to stabilize prices. Read the report to learn the freshest news of the day!
ECB Key Rate is in Focus
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.
Latest news
Inflation Is in Focus Again
Oil prices are rising and Russia banned the export of its petrol. What's happening in the markets?
Fed’s Rate Pause and UK Inflation Slows
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%.
GBPUSD May Strengthen Resulting the Fed and The BOE Meetings
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.
