It will be the hottest week of September, with four central banks’ meetings, five PMI releases, and a lot to trade.
Will the Japanese yen gain strength?
The Japanese Monetary Policy Meeting Minutes will be published at 01:50 MT time on December 24.
The Bank of Japan left its interest rate unchanged at -0.1% on December 19. Although governor Haruhiko Kuroda gave a generally upbeat economic outlook for Japan with a “moderate expansion trend”, he admitted there were weak spots and certain signs of slowing down in the Japanese economy. The governor explained that was due to a lower abroad demand and the negative effect of a typhoon that hit the country in October. Also, Mr. Kuroda made it clear that the BOJ will stay ready for further ease if required, in addition to the continued government spending program. Hence, the Monetary Policy Meeting Minutes will give more detail to these concerns and shed light on the vision of the monetary policy makers and the nation’s economic prospects for the nearest future.
- If the Meeting Minutes reveal an optimistic outlook and hawkish tone, the JPY will rise;
- If the Meeting Minutes reveal a moderate outlook and dovish tone, the JPY will fall.
Be ready to trade like never before, as this week may turn the market upside down. US CPI, EU Interest Rate, and many news to follow. Here’s what we have:
The week was overfilled with events, especially from the BRICS summit and Jackson Hole meeting. Altogether, the market gained some fantastic opportunities. Here’s what we have for today’s session:
Welcome to the first week of October! As usual, at the start of the week, we are looking for valuable insights that will bring us profits in trading. Let’s observe the main events.
Inflation in Europe was released better than the forecast. The preliminary fact was published at 4.3%. What's happening in the markets?
XAUUSD fell below 1900 for the first time since March 2023. Meanwhile, the US dollar index gives a bearish signal. Read the full report to learn more!