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?
Again, we will have a lot of important economic announcements this coming week. The announcement that we need to take note is as follows.
- 13 June (Tuesday) – US CPI
- 14 June (Wednesday) – US PPI
- 15 June (Thursday) – US FOMC Meeting, Interest Rate Decision, ECB Interest Rate Decision, and US Retail Sales.
- 16 June (Friday) – Europe CPI.
The current consensus for the US Interest Rate decision is to pause raising and keep it at 5.25%. However, with Australia and Canada raising their interest rate unexpectedly in the last two weeks, no one will know for sure the consensus is right. While on another side, Europe is expected to rise by 0.25% to 4% for this coming announcement.
Recommendation
With this outlook, and to be on the safe side, we strongly recommend all Ophiuchus and Limitless EA users to schedule to stop trading for this series of economic annoucement starting from 12 June till 17 June. You can use the stop trading period feature in the EA to do that. You can also decide to start the stop trading for a longer period to wait for the dust settles. (eg, stop trading from 12 June and only start trading after Monday) if you would like.
Disclaimer – Please note that Limitless Trading is not liable for our recommendation and is not responsible for any loss or profit caused by this recommendation. This is general advice without considering your personal circumstances. You should assess your personal circumstances and perform your own research to make decisions for your trading.