Let us see what we expect from the week, which starts with the Eurogroup meeting. After last week’s great employment numbers and ahead of next week’s FOMC meeting, US inflation numbers and the ECB meeting will be at the center of the stage in the week ahead. UK labor data and Australian and US Housing […]
More signs for the next moves! We can determine the central banks’ following possible decisions with the varied data we will have this week. US Consumer Confidence and Durable Goods orders, Eurozone inflation, and PMIs from the US, UK, China, and Europe make it essential this week, while with better-than-expected Markit PMI numbers last week, […]
China finally eased its covid policies in December 2022, after the protests of the protesters as Covid-19 lockdowns halted industrial production and disrupted supply chains, which directly have been affecting the life quality and families’ income in China. However, a smooth shift away from “zero-covid” policies will be tricky. Fast reopenings and avoiding restrictions can […]
The year starts with NFP Happy New Year. We are in IFC Markets wish you a great year ahead. This trading week starts on Tuesday, as Monday is the New Year holiday in most parts of the world. After disappointing data in the last months of last year, investors hope to start 2023 with more […]
The year ends with mixed data! Merry Christmas! We hope you receive one blessing after another this coming year! While we will have the last week of this year, that mixed data confused investors and market participants. They are mixed because some parts of the data show improvement despite disappointments in other sectors in the […]
After intense pressure from society and labor activists, the Chinese government shifted from its zero-Covid policy. It eased pandemic restrictions—that led china to a massive spike in Covid-19 cases in the last week. Health officials have told state media that the peak would increase the infection rate, lasting for one or two months. We expect […]
Central banks’ storm! We are getting ready for a crazy week, with critical economic data and central banks’ meetings in the UK, US, Swiss, and Eurozone. This week will tell us how this year will end and how we will start 2023. Market participants will be interested chiefly in their economic outlooks and prediction of […]
Yuan crept higher on Wednesday and ignored the weak economic data from China, and uncertainty over the country’s COVID policy. Most analysts revising lower their GDP forecast for China, as uncertainty increases over the country’s Covid restriction policies. We can see the reflection of these restrictions in China and weaker economic activities across the world […]
Chinese protesters over the weekend took to the streets against the strict anti-COVID policy. In response, Oil prices fell sharply, and the US dollar rose as fears of a Chinese economic slowdown drummed up safe-haven demand. Chinese protests leading the markets Protest rallies are so rare in China, however, this time it was widespread, and […]
Last Friday WTI tested the price under $80 for the first time since September 28. The downtrend continued at the beginning of this week as well, to test the $75.20 on Monday. However, right after that bulls regained all their losses on Monday to close at the opening price, a little above $80. The bears […]
OPEC published its monthly report for November 2022 on Monday. According to this report, OPEC lowered global oil demand growth for this year and 2023. The Organization of the Petroleum Exporting Countries expects that global oil demand to grow by 2.55 million bpd in 2022, down from 2.65 million bpd in the previous month’s report, […]
A busy week out of the US The week ahead mostly will be about the European countries. Inflation in Eurozone, UK, and Canada, with GDP and trade data from China, will be the main market drivers, while in the US, still, everything is about inflation. At the same time, we must follow the Earnings reports […]
IMF and the world bank meeting with some other financial institutes from around the globe started today, October 10, and will continue for the next six days. On the first day, a comment from World Bank’s Malpass, and IMF’s Georgieva increased the market risk level to put more pressure on the stock markets, as they […]
Speakers to explain! We passed a very busy week with 13 meetings of central banks around the world, and now in the week ahead, policymakers will have several speeches, especially FOMC members in the United States, to explain more about their policies and reasons for their decisions. While in Europe, the energy crisis is still […]
Yesterday and Wednesday, we had PMI data from most developed economies. However, the US and Chinese data caused almost a free fall in Gas and Oil prices. Starting from Monday, we saw all published August Purchasing Manager Index numbers less than July and mostly less than expectations. While most investors focused on German and Eurozone […]
