With China reopening, lower energy prices, the strong job market in most developed economies, and the relative growth of retail sales, our global economic outlook changed. Now we are less worried about the severity of the upcoming economic recession. Gas prices helped the Europeans fulfill their storage and replenish the gas crisis. Also, lower energy […]
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 […]
According to data published Tuesday, March 7, UK Halifax House Prices Rose by 1.1% in February, 3-Year Treasury Gilt Auction raised to 4.151%, and Mortgage Rate in February increased to 7.02%. In addition, Retail Sales and Construction PMI beat Estimates. While UK headline inflation cooled and dropped to 10.1% year-on-year in January from 10.5% in […]
While Boris Johnson’s admirable measures to overcome Corona caused the British economy to start recovering faster than other economies, 2022 brought many other shocks and challenges for the British. Inflation, BoE tightening policies, the war in Ukraine, Brexit aftershocks, and the tensions of 10 Downing Street all together made the UK economy suffer, which is […]
BoE is due to raise the rates for the ninth consecutive meeting later today. The consensus estimate is another 50 bps hike. However, it is expected to see more disagreements between MPC members, which would be the leading market driver, as the market already priced in the 50 basis points rate hike. BoE also has […]
GBPUSD is supposed to have a volatile week, as central banks in the US and UK will have a monetary policy meeting. The week started with upbeat data in the UK. GDP raised 0.5% monthly and 1.5% annually, higher than estimates and the previous month. Industrial production in October was unchanged and less than 0.1% […]
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 […]
Everything is about Inflation and Interest Rates! Fears over a deep recession have made policymakers think twice before going towards more tightening policies. Therefore, the outlook of less hawkish policies changed the market sentiment at the end of November. Many analysts and market participants believe that Fed will likely slow its rate hike pace by […]
Thanksgiving and financial outlook! With the Thanksgiving holidays on Thursday and Friday, we will have a short week and some economic data and events to watch, mostly on Wednesday. This light week can be a good pause for investors to review the recently published data and things that happened. 1- RBNZ meeting – Wednesday Reserve […]
Cable raised sharply last week, but mostly because of the weaker dollar. GBP/USD passed the 1.164 resistance and closed at 1.1843 on Friday. Political uncertainty caused by the US mid-term elections and guesses about the Republican victory, caused the dollar to retreat sharply, while unexpectedly low US inflation data increased the chance of less hawkish […]
A quiet week to think Last week ended with a positive sentiment after that US inflation decreased and a significant turn was seen in China’s anti-Corona policies. The US dollar fell under the 107 mark, and now in the week ahead, while we do not have much important economic data, with the G20 meeting ahead, […]
Economic data and US election After publishing most of the earnings reports, the employment report, and the Fed meeting, we realized that the economic condition in the US is not bad, but a soft downward is started. In the week ahead, inflation fears, and speakers from Fed and other major central banks, in line with […]
The new week started with PMI numbers from major economies, with lower-than-expected results. French manufacturing PMI in October at 47.4, was the lowest since May 2020, while the initial value of the service PMI recorded 51.3, approaching 51.0, which was seen earlier in August this year. In Germany, October manufacturing PMI hit a 28-month low […]
FAANG & Central Banks! In the week ahead, central banks in Europe, Canada, and Japan will have a monetary policy meeting. On the earnings front, tech giants such as Microsoft, Apple, Meta, Alphabet, and Amazon will be at the center of attention. On the geopolitical front, tensions in Ukraine, chaos in the UK government, and […]
British New Chancellor of the Exchequer was the main reason that government could make a U-turn in some of its economic plans, scraping some of the most controversial parts of the mini-budget. The budget that is being talked about including major tax cuts, would primarily benefit the highest earners in a time of heightened economic […]
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 […]
In the past few weeks, there were many talks about Mrs. Truss’ economic plans, and finally, we saw some U-turn after pressures and criticisms from economists. The government in 10 downing street finally reversed the tax cuts that would primarily benefit the highest earners, as economic pressures increase on British households. If the BOE continues […]
Earnings Season kicking-off We are going to start the Q3 earning season while speculations about Fed’s next move are getting more widespread. Analysts depend on different factors like employment, inflation, and economic growth, have different ideas. Usually, next weeks after NFP numbers are supposed to be quieter, but this week would not follow the tradition […]
Wednesday and in continuing the efforts of the past few weeks, the UK prime minister tried to explain her strategy and policies in a clear speech to the Conservative Party’s annual conference. according to many economists, her earlier published plan was questioning the independence of the central bank; therefore she backed off from some of […]
On Thursday, just a day after FOMC, the delayed BoE meeting was held. According to the reports, there was not much unity among the members. While the Central Bank finally voted to increase the interest rate by 50 basis points, the division between the members in the vote to increase the interest rate from 25, […]
