Weekly Market Pulse: June 19 – June 23, 2023
Welcome to CMX Markets Weekly Market Pulse. In this digest you will find out the upcoming market releases that could affect your trades, so you can stay informed and make the right moves in the week ahead.
WEEKLY FOREX FORECAST; June 15, ECB Interest Rate Decision
Market participants are eagerly awaiting the monetary policy meetings of the Federal Reserve (Fed), the European Central Bank (ECB), and the Bank of Japan (BOJ) this week. They are seeking clues from policymakers regarding the future direction of the interest rates.
Of particular interest is the ECB’s interest rate decision following its policy meeting on Thursday. It is widely expected that the ECB will implement a 25 bps rate hike at this meeting, which is seen as a certain outcome by market participants. However, they are now focused on assessing how high the rates will rise and how long they will remain at their peak, as it is believed that the ECB is nearing the end of its rate-hiking cycle.
Weekly Market Pulse: June 12 – June 16, 2023
Welcome to CMX Markets Weekly Market Pulse. In this digest you will find out the upcoming market releases that could affect your trades, so you can stay informed and make the right moves in the week ahead.
WEEKLY FOREX FORECAST; June 7, BoC Interest Rate Decision
On Wednesday, June 7th, the Bank of Canada issues a press release announcing its decision regarding the Interest Rate Decision. While market expectations lean towards the BoC maintaining the current interest rate, forecasts reveal a near-even split between those anticipating a pause and others predicting a rate hike.
Stay informed and gain valuable insights into the market reactions and potential trading opportunities resulting from the BoC’s interest rate decision.
Weekly Market Pulse: June 5 – June 9, 2023
Welcome to CMX Markets Weekly Market Pulse. In this digest you will find out the upcoming market releases that could affect your trades, so you can stay informed and make the right moves in the week ahead.
WEEKLY FOREX FORECAST; June 2, NFP
This week on the spotlight will be some Euro Area data with the flash CPI release and Friday’s NFP and jobs report. In the Eurozone, attention will be on the preliminary inflation reports from Spain, France, and Germany. These reports, expected to be released throughout the week, are anticipated to have a notable impact on the market. Towards the end of the week, the US Nonfarm Payrolls report will be released that will give some clues to the health of the US economy and the further movement of the dollar in the market.
Stay tuned for updates on these developments that will shape market sentiment and guide your trading decisions.
