What to Trade on August 22–26?
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)…
Will the euro stand firm?
The European unemployment rate is announced on Wednesday at 12:00 MT time.
Instruments to trade: EUR/GBP, EUR/USD, EUR/CAD, EUR/CHF
In February and March, unemployment in the EU was at 6.5%. It is the lowest over the course of more than a decade: the large downtrend started at 11.5% in 2014 and since then, it has only been making its way down to that 6.5% in spring. Now, the virus made it rise again: from 6.7% in April to 7.5% in August and September. Although the last two months have been showing the same percentages, it would not be pointless to expect a new upswing in European unemployment due to the second wave of the virus. So if the number of jobless people in the EU rises again, the EUR will likely slump. Otherwise, it will rise.
- If the jobs data is better than the expectations, the EUR will rise.
- If the figures are worse than the forecasts, the GBP will drop.
Similar
What will move the market on February 14-18?
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!
What will move the market on January 31-February 4?
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?
Latest news
Post-Fed Releases for USD & CAD Traders
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
FED and BOE Make Another Attempt to Beat Inflation
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.
Will the UK and US Cope with Inflation?
Every week we expect many interesting events that can shake the market.
