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This week we have a few important economic announcements that might make the market volatile. The US inflation rate is expected to go up in August. This is an important indicator to monitor as it will show whether inflation is coming back.
Jackson Hole Meeting ended last Saturday and more news will come out on coming Monday. US Fed Chairman Jerome Powell gave a speech last Friday and his tone is hawkish, which you should have already observed on last Friday’s EURUSD price action.
Jackson Hole Meeting, the annual global central banking conference is coming this in this Thursday 24 Aug till 26 Aug.
We have witnessed strong volatility in last month’s CPI announcement. Now CPI is coming on this Thursday and PPI is coming on this Friday.
Last week, in the FOMC Interest Rate Decision meeting, Fed raised the interest rate to 5.50% as expected which is in line with market consensus. In the Q&A session, some analysts observed a swift focus on the response of the Fed. Let’s look into some changes in the focus here.
After the recent US CPI data release, USD has turned weak for a while and then slightly turn strong again in the last few trading days. Next week, we will have FOMC Interest Rate Decision and ECB Interest Rate Decision again in the same week.
After Australia and Canada raised their interest unexpectedly in the last two weeks, will US Federal Reserve follow the same? and what will European Central Bank (ECB) do on their interest decision?
Next week we will have multiple important economic announcements from both Europe and US such as CPI from Europe and Interest Rate Decisions from FOMC and ECB.
After the ECB Interest Decision rate announcement last week, this week is US Federal Reserve’s turn to announce their FOMC Interest Decision Rate. Do you think US Fed will raise only 0.25% as per the market’s consensus?
This coming week will have US CPI and PPI announcements while from the Europe side, there will be an interest rate decision from European Central Bank(ECB). Let’s review EURUSD and have a game plan for this upcoming announcement.