Weekly Market Analysis page 55

Key events: USA - Existing Home Sales (Aug)                                 USA - Crude Oil Inventories USA - FOMC Economic Projections USA - FOMC Statement USA - Fed Interest Rate Decision                      USA - FOMC Press Conference   To say that central banks are panicking would probably…

Key events: USA - Building Permits (Aug) Canada - Core CPI (MoM) (Aug) Eurozone - ECB President Lagarde Speaks   Markets Are At The Crossroad: What Should You Expect? The past week on the American stock market took away with it deposits of many inexperienced market participants, and with them…

Key events: Japan - National Core CPI (YoY) (Aug) Australia - RBA Meeting Minutes   The upcoming Federal Open Market Committee (FOMC) meeting on September 21 will be two-fold important. It's not because the central bank will raise interest rates sharply. It's because of the new FOMC forecasts.…

Key events: Eurozone - Core CPI (YoY) (Aug) Eurozone - CPI (YoY) (Aug) Italy - Italian CPI (MoM) (Aug) Canada - Wholesale Sales (MoM) (Jul)   Thursday trading U.S. stock indices ended in decline amid rising government bond yields and after the publication of statistics on retail sales and…

Key events: US - Initial Jobless Claims US - Philadelphia Fed Manufacturing Index (Sep) UK - Retail Sales (MoM) (Aug)   Let's start with the basic scenario of the crisis development, which now seems the most probable. The baseline scenario assumes that the EU accepts the oil embargo on…

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…