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Eurozone Retail Sales
Market Trends Await as Volume Returns to Normal; Employment Report and Data Releases in Focus | Daily Market Analysis
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ECB's Decision to Raise Rates Indicates That The Fed May Follow the Lead | Daily Market Analysis
Key events: Eurozone – CPI (YoY) (Feb) Yesterday's ECB decision was crucial as it gave the first glimpse of what bank stress means for monetary policy. And it meant nothing special – good news for the markets. The ECB decided not to blow up the banking problems and announced a 50bp rate hike during yesterday's decision, pointing to high inflation. The opening sentence of ECB head Christine Lagarde's speech stated that the bank has been forecasting "too high inflation for too long."
Should We Expect More Surprises From Economic Data? | Daily Market Analysis
Key events: Eurozone – CPI (YoY) (Feb) Eurozone – ECB Publishes Account of Monetary Policy Meeting USA – Initial Jobless Claims The economic data that came out in recent days gave us some nice surprises and investors are now trying to figure out what that means in terms of Fed policy. Quotes are pricing in an eventual rate hike above 5% in the U.S. and around 4% in Europe, with traders in the debt markets no longer expecting a rate cut in 2023.
The U.S. Economy is Slowing Down. Is a Recession Looming? | Daily Market Analysis
Key events: UK – Retail Sales (MoM) (Dec) Eurozone – ECB President Lagarde Speaks Canada – Core Retail Sales (MoM) (Nov) USA – Existing Home Sales (Dec) Retail sales and industrial production have fallen more than expected. With a recession looming, silver could soar if the Fed stops raising rates. The latest economic data leaves no doubt that the U.S. economy is losing momentum.
Dollar Volatility Rises as Markets Fear a U.S. Recession Again | Daily Market Analysis
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Dollar Rises Against Euro, Yen Plunges as BOJ Keeps Rates Unchanged | Daily Market Analysis
Key events: UK – CPI (YoY) (Dec) Eurozone – CPI (YoY) (Dec) USA – Core Retail Sales (MoM) (Dec) PPI (MoM) (Dec) Retail Sales (MoM) (Dec) The dollar is getting stronger against the euro and stable against the pound sterling in the course of trading on Wednesday. The Japanese yen is getting cheaper amid the results of the Bank of Japan meeting.
Dollar Gaining Strength As Major Central Banks Keep Raising Rates | Daily Market Analysis
Key events: UK – Retail Sales (MoM) (Nov) UK – Composite PMI UK – Manufacturing PMI UK – Services PMI Eurozone – CPI (YoY) (Nov) The dollar rallied against all Big Ten currencies on Thursday. This strengthening was very broad-based, with 85 of the 146 currencies tracked by Bloomberg falling against the U.S. competitor. Four major precious metals also lost ground.
Markets Are Cautiously Optimistic | Daily Market Analysis
Key events: UK – Retail Sales (MoM) (Oct) Eurozone – ECB President Lagarde Speaks USA – Existing Home Sales (Oct) The sentimental background on Friday morning can be called moderately positive. Oil prices are rising after falling the day before, and the mood on global stock exchanges has slightly improved. The markets can look forward to a fairly calm end to the week after the volatility of the previous sessions.