Online Forex broker
Germany will publish Flash Manufacturing PMI data on Tuesday, August 23, at 10:30 MT time (GMT+3). It's a leading indicator of economic health since businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The index has been sliding since February 2022, when Germany imposed sanctions against Russia in response to the military conflict in Ukraine. As a result, Germany gets half as much gas from Russia as it used to, and gas prices reach new highs in Europe, provoking a severe energy crisis. The situation affects businesses and slows down their growth, sending PMI lower.
Last time German Flash Manufacturing PMI was 49.2, underperforming the expected 50.6. The EURUSD had lost around 350 points. Let's wait and see how it will react this time.
Instruments to trade: EURUSD, EURCAD, EURJPY.
The Economic Policy Symposium, held in Jackson Hole, is attended by central bankers, finance ministers, academics, and financial market participants worldwide. The influential officials’ comments usually create significant market volatility.
Investors and traders will follow Jerome Powell’s speech with particular interest, who will most likely talk about quantitative tightening, also known as balance sheet normalization. It’s the process of central banks selling their accumulated assets (mainly bonds) to reduce the supply of money circulating in the economy.
Instruments to trade: EURUSD, USDCAD, USDJPY.
The United States will publish Core PCE price index m/m data on Friday, August 26, at 15:30 MT. The index is the Federal Reserve's primary inflation measure as it only counts goods and services consumed by individuals.
Despite the CPI growth slowdown in July, the topic is the hottest as inflation remains at a historic high. Investors and traders will use this data to predict the next Federal Reserve steps. Will the Fed increase the rate by another 75 basis points, or will it be only a 50-basis-points rate hike this time? The release will give precise hints about this.
Last time Core PCE price index was 0.6%, outperforming the expected 0.5%. USDCHF gained 250 points right after the release but lost 600 points in the next two hours.
Instruments to trade: EURUSD, USDCAD, USDCHF.
All traders and investors are watching US500 closely. The price reversed from the cross point of the descending trendline and the 200-day moving average. Will sellers drug the price below 4180? We will discover it soon!
If the price stays above this support, it might go towards 4300.
In case of a breakout, sellers might pull US500 to 3900.
Instruments to trade: US500.
Trading on the market events is a great chance to see how the price reacts to the releases. Next week will be significant for the US stock market and the US dollar.
Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
The volatility that the markets experienced last week promises the second tidal wave! What should your favorite assets anticipate during the first week of February?
The US will reveal Non-farm payrolls on January 7, Friday, at 15:30 GMT+2 (MetaTrader time).
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.
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!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
