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PCE Price Index m/m on Friday came out slightly higher than expected, 0.6% vs. 0.5%, while the annual metric stands at 4.9%, beating expectations by 0.2%, underpinning the consistent growth in strength in the US Dollar. It is a heavy week filled with news events to kick off the final quarter of 2022. Monday US […]
Economic Calendar Day Events Monday ECB President Lagarde speaks Tuesday Fed Powell speaks Wednesday Fed Powell speaks Thursday – Friday Core PCE Price Index FX GBPUSD GBPUSD H1 The Cable was sent into the ground in early Asian trading and we could have made 850 pips if we engaged in a short position as discussed […]
Here are some of the major events that took place this week FOMC Japan’s Intervention BOE rate hike SNB rate hike Fed Chair Powell speaks at 2 pm EST to end the week The Fed raised interest rates by 75bps to 3.00-3.25% with the Fed Fund Futures signaling a terminal rate of 4.6% in 2023. […]
To recap this trading week… OPEC+ on Monday decided to cut oil production by 100bpd in October to support the declining oil prices due to fears of economic slowdowns and renewed China’s lockdown. RBA increased its interest rate by 50bps, matching market expectations. RBA maintained that more rate hikes will be coming as inflation is […]
Forex The RBA is pretty much expected to raise rates by 50 basis points on Tuesday, investors will pay close attention to the possibility of further aggressive 50bps hike in October and November. The Bank of Canada on the other hand, is looking for 75 bps on Wednesday, While it looks unlikely that BoC will […]
With a lot of uncertainty about the Fed’s imminent monetary policy decisions, the non-farm payrolls report will be pivotal and stays in the spotlight until the end of the week. New jobs for August were expected to decline by almost half after a stellar performance in the previous print, with the consensus being 295k versus […]
Recap: Jackson Hole Symposium Attendees of the symposium sent a unanimous message that inflation should be tackled forcefully, especially in the US and the European economies. Tightening policies will be followed even if they cause collateral damage. Fed Chair Powell, among several other Fed officials, stated that they did not expect to change course, necessarily […]
