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Trends & Analysis
News

Gold continues to shine amid geopolitical worries

News

Crude oil dips for 3rd session after supply data

News

Is there an AI upside for AMD?

News

GBP/USD recovers following wage report

News

Buy the JPMorgan dip?

News

Goldman Sachs shares surge after earnings beat

Trends & Analysis
News

Gold continues to shine amid geopolitical worries

News

Crude oil dips for 3rd session after supply data

News

Is there an AI upside for AMD?

News

GBP/USD recovers following wage report

News

Buy the JPMorgan dip?

News

Goldman Sachs shares surge after earnings beat

Weekly Market Preview

Week Ahead Preview:

14th of August

 

Friday, August 11, 2023

Last week, the US headline CPI YoY of July came in lower than expected (3.2% vs 3.3%) while the monthly CPI stabilized at 0.2% marking the smallest increase in two and a half years. These figures have influenced market sentiment, pointing towards the anticipation that the Federal Reserve might keep interest rates unchanged in the forthcoming September meeting. However, the ultimate decision hinges on the jobs and inflation reports scheduled for release in August.

 

In the current week, markets are eagerly awaiting inflation data from several major economies. These figures will play a key role in shaping market expectations concerning the upcoming monetary policy decisions form central banks such as the ECB and the Bank of Canada. However, expectations are still high that the Bank of England’s might hike interest rates in the next meeting anyway on the back the relatively high inflation levels which remain significantly distant from their 2% target.

 

Additionally, the markets will closely watch the FOMC minutes for the Fed meeting of July to get further insights into the committee members views regarding the performance of the US economy and inflation levels. Investors hope to get a better understanding about the committee’s stance on handling inflation. Specifically, if most members lean towards maintaining current interest rates for longer, or if they may take a more aggressive approach via hiking rates now and cut them later.

 

Economic Data Highlights
Tuesday 15th of August
  • JPY – GDP (Q2)
  • CNY- Industrial production (Jul)
  • CNY- Unemployment rates (Jul)
  • GBP- Average Earnings (Jun)
  • GBP- Unemployment rates (Jun)
  • EUR- ZEW Economic Sentiment (Aug)
  • USD- Retail Sales (Jul)
  • CAD- Inflation Rates (Jul)
  • Fed Kashkari Speech
Wednesday 16th of August
  • RBNZ rates decision
  • GBP- Inflation rates (Jul)
  • EUR- GDP (Q2)
  • USD Building permits (Jul)
  • US crude inventories
  • FOMC Meeting Minutes
Thursday 17th of August
  • AUD- Unemployment rates (Jul)
Friday 18th of August
  • JPY- Inflation Rates (Jul)
  • GBP- Retail Sales (Jul)
  • EUR- Inflation Rates (Jul)

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