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Trends & Analysis
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Gold continues to shine amid geopolitical worries

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Crude oil dips for 3rd session after supply data

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Is there an AI upside for AMD?

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GBP/USD recovers following wage report

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Buy the JPMorgan dip?

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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

Weekly Market Preview

Week Ahead Preview: 24 July 2023

Thursday, July 20, 2023

Investors will be eagerly awaiting the July FOMC meeting, with close attention on the potential 25 basis point rate hike. This decision is perceived as significant, as it could mark the conclusion of the Federal Reserve’s tightening cycle. Market participants believe that the Fed may halt further rate hikes due to the accelerating decline in inflation levels in the US, which was evident from the lower inflation figures revealed in the June CPI report.

Traders and market participants will carefully listen to the Fed chair press conference to gain insights into the central bank’s future monetary policy direction. The outcome of the meeting could have a substantial impact on various financial assets and market sentiment.

Markets will also follow the upcoming ECB meeting with an anticipation that the central bank will raise rates by 25 basis points. These expectations have been reinforced by various hints from ECB officials.

Investors will be keen on the ECB president’s press conference, as they seek any forward guidance from the central bank. The focus will be to get any hint whether the ECB may consider pausing its rate hike cycle in the last quarter of 2023. It’s crucial to highlight that a hawkish tone adopted in the ECB’s statement or press conference would likely result in a positive impact on the Euro’s value against major currencies.

The bank of Japan is expected this week to keep interest rates unchanged in its upcoming meeting. However, there might be some tweaks in the yield curve control.

 

Economic Data Highlights 

 

Monday 24th of July 

• EUR- Manufacturing & Services PMI (Jul)
• GBP- Manufacturing & Services PMI (Jul)
• USD- Manufacturing & Services PMI (Jul)

Tuesday 25th of July 

• USD- Consumer Confidence (Jul)

Wednesday 26th of July  

• AUD- Inflation Rates YoY (Q2)
• Fed interest rates decision
• Fed Chair press conference

Thursday 27th of July

• ECB interest rate decision
• ECB president Lagarde’s press conference
• USD- Durable goods orders (Jun)
• USD- GDP (Q2)

Friday 28th of July  

• AUD – PPI (Q2) & Retail Sales (Jun)
• Bank of Japan interest rates decision
• USD- PCE price index (Jun)


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