Weekly Market Analysis page 53

Key events: USA - CB Consumer Confidence (Oct)   Decreasing liquidity levels in the treasury market are beginning to worry the U.S. Treasury Department. Back on October 14, U.S. Treasury Secretary Yellen announced the possible start of redemption of some of its old debt obligations. The news, as we…

Key events: New Zealand - Labor Day UK - Composite PMI    UK - Manufacturing PMI    UK - Services PMI   Financial conditions have tightened over the past few weeks, but have not reached restrictive levels, which means the Fed has a lot of work to do. A good indicator of current financial conditions…

Key events: Eurozone - EU Leaders Summit Canada - Core Retail Sales (MoM) (Aug)   British Prime Minister Liz Truss announced her resignation on the 45th day of her premiership. The announcement followed a meeting between the prime minister and Sir Graham Brady, chairman of the 1922 Committee, which…

Key events: Eurozone - EU Leaders Summit USA - Initial Jobless Claims USA - Philadelphia Fed Manufacturing Index (Oct) USA - Existing Home Sales (Sep)     A Fed rate hike to levels above 4% will have a negative impact on the construction sector, real estate prices, and ultimately aggregate demand.…

Key events: Eurozone - CPI (YoY) (Sep) USA - Building Permits (Sep)   Canada - Core CPI (MoM) (Sep)   USA - Crude Oil Inventories If mistakes by central banks lead to high interest rates and recession, real chaos is created by the government. This is the case in Britain when it comes to the tug-…

Key events: Eurozone - ZEW Economic Sentiment (Oct) US - Industrial Production (MoM) (Sep) Eurozone - ECB's Schnabel Speaks The US earnings season will begin amid fears that the Fed's aggressive rate hike campaign could send the economy into recession. Investors will get an update on the state of…

Key events: Eurozone - ECB's De Guindos Speaks Canada - BoC Business Outlook Survey Eurozone - ECB's Lane Speaks US - Federal Budget Balance Canada - BoC Senior Deputy Governor Rogers Speaks The fourth quarter earnings season of a tough year for stocks is here, while the S&P 500 Index lost 25…

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…