Daily Market Analysis page 48

Key events: UK - CPI (YoY) (Aug) US - PPI (MoM) (Aug) New Zealand - GDP (QoQ) (Q2) Australia - Employment Change (Aug)   U.S. inflation in August was again stronger than expected, paving the way for another big interest rate hike by the Federal Reserve next week. The consumer price index (…

Key events: Spain - Spanish CPI (YoY) (Aug) UK - BoE Gov Bailey Speaks Germany - German ZEW Economic Sentiment (Sep) USA - Core CPI (MoM) (Aug) USA - Federal Budget Balance (Aug)     Stock indices started September on a strong note, with the S&P 500 Index up 3.4% in the first week of…

Key events: UK - GDP (MoM) UK - Manufacturing Production (MoM) (Jul) UK - Monthly GDP 3M/3M Change The EUR/USD chart shows an upside movement of the quotes   USD: there is a risk of further declines in the near term The recent pullback in the U.S. dollar makes analysts more cautious about…

Key events: Eurozone - Euro Summit  Canada - Employment Change (Aug) Canada - Unemployment Rate (Aug)           The EUR/USD pair traded above 1.0000 in anticipation of the European Central Bank's monetary policy decision as demand for the dollar remained subdued. During the first half of the day…

Key events: Eurozone - ECB Monetary Policy Statement      Eurozone - ECB Interest Rate Decision (Sep) Eurozone - ECB President Lagarde Speaks       Eurozone - Fed Chair Powell Speaks                 While currently struggling with record high inflation in the U.S., the Fed, according to some…

Key events: United States - Trade Balance (Jul) UK - BoE Gov Bailey Speaks Canada - BoC Interest Rate Decision Canada - Ivey PMI (Aug) Japan - GDP (QoQ) (Q2) Australia - Trade Balance (Jul) The U.S. stock market has declined despite strong economic data showing a quite robust labor market, while…

Key events: United States - ISM Non-Manufacturing PMI (Aug) UK - Construction PMI (Aug) Australia - GDP (QoQ) (Q2) Moscow's halt to gas supplies has exacerbated Europe's energy emergency, causing the euro to plunge to a new 20-year low. OPEC will meet with Russia to discuss its production strategy…

Key events: United States - Labor Day Canada - Labor Day UK Composite PMI (Aug) UK Services PMI (Aug) Eurozone Retail Sales (MoM) (Jul) Historically September is not the best month for stock markets, and according to statistics in September the markets are going down rather than up. Well, that's…

Daily Market Analysis Key events: USA - Average Hourly Earnings (MoM) (Aug) USA - Nonfarm Payrolls (Aug) USA - Unemployment Rate (Aug) One of China's largest cities has closed for quarantine due to the COVID-19 outbreak, causing commodities and stocks around the world to fall. The U.S. stock…