That day has come, guys! The Fed will hold a meeting at 21:00 GMT+3. It can be a highly impactful event. The markets expect the bank to hint about the timing of tapering.
What will move the market on September 13-17?
The next week is going to be interesting for traders. The US, UK, and Canada will reveal the inflation data. Australia will show the labor numbers, while New Zealand – GDP growth. All these events will affect the markets significantly.
Now traders should closely watch the actions of central banks as they have started making the first steps in tightening the policy as economies are recovering after the Covid-19 crisis. Thus, inflation is a must-see these days as if it is high, central banks will be forced to act. Last week, the European Central Bank slowed the pace of bond buys and hinted that a further cut could be as soon as this December. That move can push the euro up. If EUR/USD manages to break above 1.1850, it may jump to the psychological mark of 1.1900.
Stock indices remain near record levels, though investors slightly concern over elevated inflation, slower economic recovery, and less supportive policy from central banks. Just look at Japan’s Nikkei 225 stock index. It has been growing at the fastest pace unseen since November 2020! Speaking about stocks, Apple will grab all attention as iPhone 13 launch happens on September 14 – the biggest Apple event of the year! Apple stock can rise ahead of the event, but when the launch occurs, the stock may fall. Don’t forget that FBS traders can open both buy and sell positions while trading stocks.
Oil & metals
Gold keeps attacking the key resistance level of $1830 without success. If it manages to break above it, it may jump to $1870, but the strong USD may press the metal down to the support of $1790. China started selling off some parts of oil reserves to lower prices in the market. After that, oil prices dropped to their lowest levels in two weeks, but then recovered. If Brent oil (XBR/USD) manages to break above $72.50, it may rocket to $75.00.
The following information is not investment advice. Remember that trading is risky. Manage your funds carefully and remember that you can use Take Profit and Stop Loss orders to maximize your gains and limit your losses.
A selloff in stocks stopped. S&P 500 has reversed up from the 100-day moving average. It should be the perfect time to buy the index.
The FOMC, a committee within the Federal Reserve, will hold an important meeting and press conference on September 22 at 21:00 MT time (GMT+3).
Germany, the leading economy in the Euro Zone, will reveal one of the key economic indicators – German Ifo Business Climate on September 24 at 11:00 MT time.
On Wednesday, September 22, Microsoft will be holding a product launch. The event starts at 18:00 GTM + 3.
The Bank of England will hold a meeting on Thursday at 14:00 MT time (GMT+3).