Weekly Market Analysis page 53

Key events: US - Retail Sales (MoM) (Sep) US - Core Retail Sales (MoM) (Sep)   The US inflation data for September was released. The UK market was more stable amid signs that Prime Minister Liz Truss, under pressure from her own party, would abandon a controversial tax cut plan. Saudi Arabia…

Key events: US - Core CPI (MoM) (Sep) US - CPI (YoY) (Sep) US - CPI (MoM) (Sep) US - Initial Jobless Claims US - Crude Oil Inventories The dollar weakened yesterday amid uncertainty over the Bank of England's willingness to continue supporting the country's bond market, which has become a key…

Key events: Eurozone - ECB President Lagarde Speaks  US - EIA Short-Term Energy Outlook US - FOMC Meeting Minutes   The escalation of the conflict in Ukraine has sharply increased risk aversion this week. The market is waiting for the reaction of the West, buying the dollar, and bonds as a…

Key events: UK - Average Earnings Index +Bonus (Aug) UK - Claimant Count Change (Sep) UK - BoE Gov Bailey Speaks We have a dashing month ahead of us. Over the next 30 days, there will be a number of important events that will keep traders on edge. Passions will really heat up this Thursday when…

Key events: Eurozone - ECB's Lane Speaks   ECB minutes came out. From the minutes of the September meeting of the ECB, it follows that the members of the regulator fear the consolidation of inflation at an elevated level. That's why the rate was raised by 75 basis points, not 50, as the markets…

Key events: Eurozone - EU Leaders Summit  USA - Nonfarm Payrolls (Sep)   USA - Unemployment Rate (Sep)   Canada - Employment Change (Sep)   The European currency is slightly rising against the U.S. dollar during Thursday's session and is quoted near 0.9800. The pair EUR/USD is showing an upward…

Key events: UK - Construction PMI (Sep) Eurozone - ECB Publishes Account of Monetary Policy Meeting   USA - Initial Jobless Claims Canada - Ivey PMI (Sep)   Gold and especially silver prices lost some of their gains from the impressive rally of the last week and a half early today. What was the…

Key events: UK - Composite PMI (Sep)   UK - Services PMI (Sep)   USA - ADP Nonfarm Employment Change (Sep) USA - ISM Non-Manufacturing PMI (Sep) USA - Crude Oil Inventories   The bad news now means the possibility of good news from the Federal Reserve. "Bulls" in the gold market seem to be…

Key events: USA — JOLTs Job Openings (Aug) Eurozone — ECB President Lagarde Speaks   The technical reversal pattern Shooting Star is formed on the weekly chart of the DXY index. Philosophical Japanese, who gave such a romantic name to this pattern, did not assume how exactly it would tell about the…

Key events: UK - Manufacturing PMI (Sep) USA - ISM Manufacturing PMI (Sep) Central banks will start the new month with October decisions, but the latest U.S. jobs report could take over amid endless expectations of when the Fed will reach its "hawkishness" peak. After the latest panic in the…

Key events: Eurozone — CPI (YoY) (Sep) USA — Core PCE Price Index (MoM) (Aug) After the new British government announced its spending plans, it led to a sharp collapse of the country's national currency and an equally sharp rise in long-term bond yields. To stabilize the crumbling debt market,…

  Key events: USA - GDP (QoQ) (Q2)   USA - Initial Jobless Claims   Canada - GDP (MoM) (Jul)   New Zealand - RBNZ Gov Orr Speaks The dollar rose to a new high as the pressure of rising U.S. interest rates on the global economy continues to intensify. At the same time, Treasury 10-year bond yields…