Weekend trade report
Last week was another normal trading week. This week we also started improving the trading system. All manual trading will be automated this year. That will take a lot of time in the coming weeks.
Then last week: the momentum is gone. There was a party at all fairs for two months, but there have been few movements since the turn of the year. A percentage is added, a percentage is removed, but on balance currencies and shares are mainly taking a backseat.
Analysts may pursue different price targets, but this requires that the European Central Bank, among others, cuts interest rates significantly this year, investors tell each other. However, signals are coming from the bond market that Frankfurt may not want to cooperate and then the world could look very different. So the market is just watching the cat out of the tree.
For the time being, the ECB is expected to make the first interest rate hike in the second quarter. Four more will follow later in the year. This is admittedly one less than was previously assumed. After all, with an oil price that is $20 lower than three months ago and a 40% lower gas price, inflation is under control. But for how long, especially now that unrest in the Middle East is increasing.
ECB President Christine Lagarde indicated on Thursday that the "hardest and worst part" in the fight against inflation is over. She noted that the policy rate will be lowered if the ECB is certain that inflation will fall to the 2% target.
Next week's agenda:
Mon Jan 15
Tue Jan 16
GBP Claimant Count Change
CAD CPI m/m
CAD Median CPI y/y
CAD Trimmed CPI y/y
USD Empire State Manufacturing Index
GBP BOE Gov Bailey Speaks
Wed Jan 17
CNY Industrial Production y/y
GBP CPI y/y
USD Core Retail Sales m/m
USD Retail Sales m/m
Thu Jan 18
AUD Employment Change
AUD Unemployment Rate
USD Unemployment Claims
Fri Jan 19
GBP Retail Sales m/m
USD Prelim UoM Consumer Sentiment
Then last week: the momentum is gone. There was a party at all fairs for two months, but there have been few movements since the turn of the year. A percentage is added, a percentage is removed, but on balance currencies and shares are mainly taking a backseat.
Analysts may pursue different price targets, but this requires that the European Central Bank, among others, cuts interest rates significantly this year, investors tell each other. However, signals are coming from the bond market that Frankfurt may not want to cooperate and then the world could look very different. So the market is just watching the cat out of the tree.
For the time being, the ECB is expected to make the first interest rate hike in the second quarter. Four more will follow later in the year. This is admittedly one less than was previously assumed. After all, with an oil price that is $20 lower than three months ago and a 40% lower gas price, inflation is under control. But for how long, especially now that unrest in the Middle East is increasing.
ECB President Christine Lagarde indicated on Thursday that the "hardest and worst part" in the fight against inflation is over. She noted that the policy rate will be lowered if the ECB is certain that inflation will fall to the 2% target.
Next week's agenda:
Mon Jan 15
Tue Jan 16
GBP Claimant Count Change
CAD CPI m/m
CAD Median CPI y/y
CAD Trimmed CPI y/y
USD Empire State Manufacturing Index
GBP BOE Gov Bailey Speaks
Wed Jan 17
CNY Industrial Production y/y
GBP CPI y/y
USD Core Retail Sales m/m
USD Retail Sales m/m
Thu Jan 18
AUD Employment Change
AUD Unemployment Rate
USD Unemployment Claims
Fri Jan 19
GBP Retail Sales m/m
USD Prelim UoM Consumer Sentiment
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.