Forex

More market events to watch this week

The US Federal Reserve is set to announce its interest rate decision on July 31, with expectations pointing towards a hold. Wall Street Journal Fedwatcher Nick Timiraos suggests that the Fed may lay the groundwork for a potential rate cut...

Critical Economic Events to Watch Next Week

Over three-quarters of economists surveyed by Reuters expect the Bank of Japan to maintain its current rate next week, with a possible move in September or October. However, sources indicate that the outcome of the July 30-31 meeting is uncertain....

GBP/USD to Track 100-MA Slope?

On Wednesday, GBP/USD traders will focus on the UK's July Manufacturing and Services PMI, expected to show slight increases. Although, more significant events will come from the U.S., including the annualized Q2 2024 GDP and the PCE Price Index....

ETH ETFs to Follow Bitcoin’s Footsteps?

ETH/USD is expected to experience increased volatility this week, with spot Ethereum ETFs set to go live on Tuesday, according to Bloomberg. The Securities and Exchange Commission (SEC) is poised to finalize updates on the products today....

3 Events to Watch: CrowdStrike, 25th Amendment, & US weather

A widespread outage on Friday left computer screens blue, grounded flights, halted hotel check-ins, and disrupted freight deliveries, forcing businesses to revert to paper and pen. The incident, allegedly triggered by an update from CrowdStrike (down ~12%), also affected Microsoft’s...

Trade Alerts: SA Rates and BoC Decision

South Africa is expected to maintain its key interest rates at 8.25% and 27.25% on Thursday, citing persistent inflationary pressures. Central bank Governor Lesetja Kganyago has emphasized that rate reductions are unlikely until inflation sustainably returns to the 4.5% midpoint...

EUR/USD: Biden Replacement and ECB Decision Loom

Political uncertainty in the U.S. could significantly impact the EUR/USD as markets brace for tomorrow’s ECB decision. The major political factor may not if President Biden steps down, but who steps up to take his place. Who will the markets...

Four key inflation reports to watch next week

Canada's inflation unexpectedly rose to 2.9% in May, complicating the Bank of Canada's rate cut plans. The UK's inflation slowed to 2%, with the Bank of England projecting a rise to 3%, affecting rate cut timing. New Zealand's CPI data,...

India’s inflation data in focus as Modi meets Putin

As Indian Prime Minister Narendra Modi engages with Russian President Vladimir Putin in Moscow, the focus back home will shift to the latest inflation figures....
Join Now